1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skelet666 [1.2K]
3 years ago
11

Scott Bestor is an accountant for Westfield Company. Early this year, Scott made a highly favorable projection of sales and prof

its over the next 3 years for Westfield's hot-selling computer PLEX. As a result of the projections Scott presented to senior management, the company decided to expand production in this area. This decision led to dislocations of some plant personnel who were reassigned to one of the company's newer plants in another state. However, no one was fired, and in fact the company expanded its workforce slightly.Unfortunately, Scott rechecked his projection computations a few months later and found that he had made an error that would have reduced his projections substantially. Luckily, sales of PLEX have exceeded projections so far, and management is satisfied with its decision. Scott, however, is not sure what to do. Should he confess his honest mistake and jeopardize his possible promotion? He suspects that no one will catch the error because PLEX sales have exceeded his projections, and it appears that profits will materialize close to his projections.Instructionsa. Who are the stakeholders in this situation?b. Identify the ethical issues involved in this situation.c. What are the possible alternative actions for Scott? What would you do in Scott's position?Post your Initial Response by Wednesday of Week 5 and 2 follow up comments by Sunday.
Business
2 answers:
Talja [164]3 years ago
6 0

Answer

Explanation:

The stakeholder are;

1. The senior management

2. Suppliers of materials

3. Scott Bestor the accountant

4. The Financial Community.

5. The employees

B) The ethical issues  are;

1. Scott mistakes

2.Scott promotion on the line

3. Financial set back from Scott's mistake

(c) Alternative actions:

1. The senior management should be informed about his mistake

2. If his mistake will not cause any damage, he can keep quit.

If I were in Scott's position, I would open up to the senior management. Honesty is what the company look forward to in any employee.

Yuki888 [10]3 years ago
3 0

Answer a

The stakeholder in this situation arer as follows =>

1. Scott

2. Managemnet of a Company

3. The Financial Community.

Answer b

Ethical Issues are ;

Loyalty of Scott towards Company and its management.

He should excercise due vigilence while making projections for sales.

Answer c

Possible Actions are

1. Ignore the matter

2. Inform then Boss or Management.

3. Inform the boss and follow the standard procedure

I would have told the management of the error I made if I were in his place, showing my integrity and loyalty to the company without realizing that my integrity might jeopardize my promotion. But being ethical and trustworthy will also benefit me in the long run.

You might be interested in
A few years ago, Toyota found that consumers wanted cars to last longer and be more environmentally friendly. GM, however, enjoy
Allushta [10]

Answer:

General Motors had more of a Production Orientation

Explanation:

The company which is production oriented focuses on the production and company's production processes and runs campaigns to sell the product produced or the product they are producing. General motors produced the products which it is good in producing the products and won the market against great giants like Ford, Toyota and German auto companies. Whereas Toyota was developing market which is newly born and started pricing their products on the basis of products that were desired (environmentally friendly products) and lost the market because of lost of market share as this market was in introduction phase and Toyota left a market which was at maturity. Then it is obvious that Toyota has revenue losses due to leaving its concentration and marketing of products to mature market and was busy in developing environmentally free products market in US.

7 0
2 years ago
Suppose you can afford to invest $1,000 each month into an account that pays 15% per year. How many years will you need to make
myrzilka [38]

Answer:

Explanation:

Rate per period =15% = 15/12 monthly

Payment(PMT)=$1,000

Future amaount(FV)=$2,000,000

N(years)=?

If input this data into fin calculator, n= 262.27months=262.27/12years=21.86years

6 0
3 years ago
Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working a
dalvyx [7]

Answer:

b. She receives $10,000

Explanation:

Taxes owed = (1/4 of income) - $15,000.

Taxes owed = (1/4 x 20,000) - $15,000.

= 5,000 - 15,000 => -10,000

Hence, she receives $10,000 from the government.

A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

8 0
2 years ago
The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pound
horsena [70]

Answer:

d. $40 F

Explanation:

Calculation to determine what The variable overhead efficiency variance for June is

First step is to calculate the SH

SH = 2,500 units × 0.4 hour per unit

SH= 1,000 hours

Now let calculate the Variable overhead efficiency variance

Using this formula

Variable overhead efficiency variance = (AH - SH) × SR

Let plug in the formula

Variable overhead efficiency variance= (980 hours - 1,000 hours) × $2 per hour= (-20 hours) × $2 per hour

Variable overhead efficiency variance= $40 F

Therefore Variable overhead efficiency variance is $40 F

8 0
2 years ago
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders?
myrzilka [38]

Answer:

The correct answer is d) Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.

Explanation:

Option D. represents two situations that perfectly describe the interest that the shareholders pursue: the maximization of the profits of the company where they have their resources invested.

The shareholder, on the other hand, is also an investor, since he contributes capital with a view to obtaining a dividend.

Its investment is said to be in equities, given that there is no contract through which the shareholder will receive fixed fees in return for his investment. Their remuneration is through two ways:

  1. Dividend
  2. Increase in the price of the company. This is produced by its good progress and its ability to generate future benefits, as well as by the increase in assets through past benefits.
5 0
3 years ago
Other questions:
  • On April 30, Janet, age 42, received a distribution from her qualified plan of $150,000. She had an adjusted basis in the plan o
    9·1 answer
  • A production system uses kanban cards to control production and movement of parts. one work center uses an average of 40 pieces
    12·2 answers
  • An installment note payment includes a.interest. b.principal plus interest. c.principal. d.None of these choices are correct.
    12·1 answer
  • On October 10, Joleen Vora applied for a $50,000 life insurance policy with Magnum Life Insurance Co. She named her husband, Jay
    15·1 answer
  • Zack Shields leases a manufacturing facility that produces computer monitors. Zack tries to keep production high, because his le
    13·1 answer
  • Abc analysis is an item classification system which (indicate the exception below):
    6·2 answers
  • Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made a
    5·1 answer
  • If the authorized sources do not provide sufficient guidance, you should:
    7·1 answer
  • two friends, alex and sam, go shopping. alex is thinking of purchasing a new shirt for $5 that has a "made in indonesia" tag on
    13·1 answer
  • you have been hired to conduct a job analysis at a local fast food chain. after completing your analysis, you conclude that the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!