Discuss the ethical dilemma jack faces

Assignment Help Financial Accounting
Reference no: EM131894523

AP4-4 Between his freshman and sophomore years of college, Jack takes a job as ticket collector at a local movie theatre. Moviegoers purchase a ticket from a separate employee outside the theatre and then enter through a single set of doors. Jack takes half their ticket, and they proceed to the movie of their choice.

Besides trying to earn enough money for college the next year, Jack loves to watch movies. One of the perks of working for the movie theatre is that all employees are allowed to watch one free movie per day. However, in the employee handbook it states that friends and family of employees are not allowed to watch free movies. In addition, employees must pay full price for all concession items.

Soon after starting work at the theatre, Jack notices that most other employees regularly bring their friends and family to the movie without purchasing a ticket. When Jack stops them at the door to ask for their ticket, they say, "Jack, no one really follows that policy. Just be cool and let us in. You can do the same." Jack even notices that upper management does not follow the policy of no family and friends watching free movies. Furthermore, employees commonly bring their own cups to get free soft drinks and their own containers to eat free popcorn.

Jack considers whether he should also start bringing friends and family and enjoying the free popcorn and beverages. He reasons, "Why should I be the only one following the rules? If everyone else is doing it, including upper management, what harm would it be for me to do it too? After all, when you watch a movie you aren't really stealing anything, and popcorn and drinks cost hardly anything. Plus, I really need to save for college."

Required:

Discuss the ethical dilemma Jack faces. What is the issue? Who are the parties involved? What factors should Jack consider in making his decision?

Reference no: EM131894523

Questions Cloud

Discuss the marketing communications message : Your job in this Discussion Thread is to find an ad, print or TV, and tell us who you think is the target market. The hints are in the type of music used.
Why you would use a formative evaluation approach : Of the levels of theory discussed in this chapter, what level would be most appropriate for evaluation of electronic health records?
Show the entries in the arp request packet sent by router : Show the entries in the ARP request packet sent by the router. Assume no subnetting. Show the entries in the ARP packet sent in response to part a.
Determine the amount of ending inventory : The cost of purchasing units at year-end was cameras $70, Determine the amount of ending inventory at lower-of-cost-or-market
Discuss the ethical dilemma jack faces : Discuss the ethical dilemma Jack faces. What is the issue? Who are the parties involved? What factors should Jack consider in making his decision
What is the size of an ethernet frame carrying an arp packet : Is the size of the ARP packet fixed? Explain. What is the size of an Ethernet frame carrying an ARP packet? What is the broadcast address for Ethernet?
How sampling frequency of a sample and hold circuit : How sampling frequency of a sample and hold circuit affects the phase lag in a closed loop control system?
Find the number and names of the columns in routing table. : Find whether or not your IP address is part of geographical address allocation. If you are using a router, find number and names of columns in routing table.
What is the companys dividend today : What is the companys dividend today (Div0), what is the company's expected growth rate, and what is next year's dividend (Div1)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a 2016 consolidated income statement

Make the necessary worksheet entries needed in 2016 connected with inventory Prepare a 2016 consolidated income statement

  Uses the perpetual method

BeCo, which uses the perpetual method, records merchandise purchases at gross. On October 3, BeCo buys $42,000 of merchandise on account. Terms are 2/10,n/40. On October 11, BeCo pays $31,360. What journal entry does BeCo record on October 11?

  Different from the bonds face value

Bonds usually sell at a price that is different from the bond's face value. When this happens, the bonds are sold at a discount or premium. Discuss the market forces that would cause a bond to sell at a price that is different from its face value.

  Prepare journal entries to record the transactions

Furtastic manufactures imitation fur garments. On June 1, 2016, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $150,000 to Furtastic on June 30, 2016. Prepare the journal entries to record the transactions..

  Compute amount and percentage changes for income statements

Vision, Inc.'s comparative income  statements follow. Compute the amount and percentage changes for the income statements, and comment on the changes from 2013 to 2014.

  Prepare report-effect on companys total net operating income

n outside supplier has offered to make the part and sell it to the company for $32.00 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. Prepare a report that shows the effe..

  Asset turnover ratio and total debt to total assets ratio

Determine the asset turnover ratio and total debt to total assets ratio for the Littleton Gift Shop & Tackle Store. The store has average total assets of $135,400. It has current liabilities of $11,200 and long-term liabilities of $43,400. Net sales ..

  Explain how does lifo subtract inflation from inventory cost

How does LIFO subtract inflation from inventory costs? Explain how the cash flow of $174,400 in this example was computed. Explain why this amount may not be correct.

  Short-term versus long-term liabilities

Short-term versus Long-term Liabilities. In the shaded cells below, indicate whether the following liabilites should be classified as short-term or long-term.

  How should the company record this transaction

The gulp convenience store chain buys new soda machines for 450,000 and pays 50,000 for installation cost. one half of the total cost or 250,000 is paid in cash; a note in the amount of 250,000 is signed. how should the company record this transactio..

  An investment offers 8800 per year for 14 years with the

an investment offers 8800 per year for 14 years with the first payment occurring 1 year from now. assume the required

  Compute the break-even point in composite units

Business Solutions sells upscale modular desk units and office chairs in the ratio of 2:1 (desk unit:chair). The selling prices are $1,180 per desk unit and $430 per chair. The variable costs are $680 per desk unit and $180 per chair. Fixed costs are..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd