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kvv77 [185]
3 years ago
11

Scenario: assume that you are a cashier and your manager requires that you immediately enter each sale when it occurs. recently,

lunch hour traffic has increased and the assistant manager asks you to avoid delays by taking customers' cash and making change without entering sales. the assistant manager says she will add up cash and enter sales after lunch. she says that, in this way, customers will be happy and the register record will always match the cash amount when the manager arrives at three o'clock.
Business
2 answers:
soldier1979 [14.2K]3 years ago
7 0
As a cashier it is your responsibility to follow the manager's instruction of entering each sale immediately after it occurs. Now, if the assistant manager told you otherwise, do not follow it because you might miss any sale if it will be entered later. Even if it is lunch hour traffic, this is also a crucial time to not make errors. 
never [62]3 years ago
5 0

Answer:

Answer is explained below

Explanation:

In simple and layman language "Ethical Dilemma" means "What to do, what not to do". It is a very complex situation as there is a conflict between the moral values. By choosing or following one the other will be not complied with.

In the present case i am in a conflict to obey my manager and enter each sale immediately or to take other option by agreeing with the idea of assistant manager to enter the total sale after the lunch by adding up the total cash.

I should prefer the second option i.e; i will do as per assistant manager plan which helps me during lunch hours traffic.At that point of time my first preference is best customer dealing and complete my work of collecting cash efficiently..Further by entering the sale before three O'clock makes my manager happy too. For solving there type of ethical dilemma we should know our value first and then select the model which do not compromise the independence and confidenciality.

The abstract of the article: "confidentiality" and "Independence" are more important that "receipt of responsibility" and "seriousness of breach". Any work of CPA should be done under the code of ethics.The courses of action must not damage the Independence and confidentiality.

Two courses of action:

1) Appoint a subordinate or Junior employee who help you out while entering the sales. This results to immediate entry of sales and a also avoid delay while dealing with the customer. This option also maintain the cofidentiality and also the belive and faith of peaple will maintained.

2) Discuss with the manger the actual problem of entering the sale during the lunch hours. This might get him understand the actualproblem faced by you and assistant managerr. It may also lead to the approval of plan made by the assistant manager wihout any hinderance.

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Virty [35]

Answer:

During a recession business investment in new capital goods and consumer spending on new durable goods can be postponed

Explanation:

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Economic growth

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The four phases of the business cycle are;

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The length of a complete cycle usually varies from 2-3 years to 15 years.

6 0
2 years ago
Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income
OverLord2011 [107]

To determine the tax amount you multiply the gross pay and the tax percentage. In this case, you would multiply $35,600 by .16 which equals $5,696 for the federal tax year. Remember: to convert a percentage to a decimal number, move the decimal place 2 places to the left.

6 0
3 years ago
Read 2 more answers
A sale transaction closes on April 1, the ninety-first day of the tax year. The day of closing belongs to the seller. Real estat
zysi [14]

Answer:

$785.34

Explanation:

The computation of the seller's share of the tax bill is shown below:

= Expected estate taxes for the year × number of days of the tax year ÷ total number of days in a year

= $31,50 × 91 days ÷ 365 days

= $785.34

We simply applied the proportionate method so that the approximate value could be arrived by taking all the information which is mentioned in the question.

3 0
3 years ago
On November 1, 2018, Quantum Technology, a geothermal energy supplier, borrowed $22 million cash to fund a geological survey. Th
IgorLugansk [536]

Answer:

<u>when signing the note:</u>

cash    22,000,000

    note payable       22,000,000

<u>accrued interest at december 31th, 2018</u>

interest expense 330,000 debit

     interest payable           330,000 credit

payment of the note:

<u>payment of the note</u>

note payable   22,000,000

interest payable    330,000

interest expense  1,185,000

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Explanation:

adjusting entry:

principal x rate x time

22,000,000

rate 9% / 12 = 0.0075

months 2

We must express rate and time in the same metric, in this case, months

22,000,000 x 0.75 x 2 = 330,000 accrued interest

payment of the note:

22,000,000 x 0.75 x 9 = 1,485,000

already accrued                 330,000

interest expense               1,185,000

3 0
3 years ago
Catamount Company had current and accumulated E&amp;P of $585,000 at December 31, 20X3. On December 31, the company made a distr
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Answer and Explanation:

No loss will be  recognized in the year 20X3 and a provide a reduction in E&P of $292,500

Given:

Current and accumulated E&P = $585,000

Fair market value = $234,000

Profit on accumulation:

Profit on accumulation = Current and accumulated E&P - Fair market value    Profit on accumulation =  $585,000 - $234,000

Profit on accumulation =  $351,000

Distribution is divided because accumulated profit in year 20X3 is higher then distribution.

5 0
3 years ago
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