Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The top management of General Electronics, Inc., is well known for "managing by the numbers." With an eye on the company's desired growth in overall net profit, the company's CEO (chief executive officer) sets target profits at the beginning of the year for each of the company's divisions. The CEO has stated her policy as follows: "I won't interfere with operations in the divisions. I am availble for advice, but the division vice presidents are free to do anything they want so long as they hit the target profits for the year."
In November, Stan Richart, the vice president in charge of the CellularTelephone Technologies Division, saw that making the current year's target profit for his division was going to be verfy difficult. Among other actions, he directed that discretionary expenditures be delayed until the beginning of the new year. On December 30, he was angered to discover that a warehouse clrek had ordered $350,000 of cellular telephone parts earlier in December even though the parts weren't really needed by the assembly department until January or February. Contrary to common accounting practice, the General Electronics, Inc., Accounting Policy Manual states that such parts are to be recorded as an expense when delivered. To avoid recording the expense, Mr. Richart asked that the order be canceled, but the purchasing department reported that the parts had already been delivered and the supplier would not accept returns. Because the bill had not yet been paid, Mr. Richart asked the accounting departement to correct the clerk's mistake by delaying the recognition of the delivery until the bill is paid in January. Required: 1. Are Mr. Richart's actions ethical? Explain why they are or are not ethical. 2. Do the general management philosophy and accounting policies at General Electrionics encourage or discourage ethical behavior? Explain.
dexter corporation which uses a job costing system had two jobs in process at the end of 20x0 job no. 59 wip balance
bbb corporation use a standard cost system in which it applies manufacturing overhead to products on the basis of
What are the differences between fair value can flow and foreign currency hedges? What is the difference between accounting for foreign currency transactions and foreign currency translation?
marys replacement is unexpectedly hired away by another school and mary is asked to stay in her position for another
stephens industries is contemplating four projects project p project q project r and project s. the capital costs and
waltner corporations management reports that its average delivery cycle time is 20.0 days its average throughput time
the bryan company issued 500000 of 10 face value bonds on january 1 2007 for 486000. the bonds are due december 31 2009
eagle company is considering the purchase of an asset for 100000. it is expected to produce the following net cash
Financial leases are considered to be the same as a purchase and therefore the asset is placed on the lessee's financials. Do you feel that it is proper treatment to consider the asset as the property of the lessee even though no title has passed ..
telephone sellers inc. sells prepaid telephone cards to customers. telephone sellers then pays the telecommunications
Each of the following would be reported as items of other comprehensive income except:
To maximize the firm value, should GS accept the Kojo offer? Why or why not? Given the data, what is GS weekly fixed cost of producing the tiger head covers? Besides the data provided above, what other factor should GS consider before making the deci..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd