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During the preparation of the bank reconciliation for Building Concepts Co., Joel Kimmel, the assistant controller, discovered t

Andrews [41]

Answer:

Joel is behaving in a totally unprofessional & unethical manner

Explanation:

As assistant controller, Joel Kimmel's job specification & responsibility includes financial statement preparation & combination, putting of internal controls in place, detailed analysis & reporting of cost variance, acts as the go-between with external auditors amongst other such responsibilities.

As such, when Joel discovered the cost discrepancy during the reconciliation, it was actually his responsibility to call the bank's attention to the variance. This is something that clearly falls under his job specification & can be considered as neglect of duty. Joel's decision defeats the very purpose of bank reconciliation, which is to correct any such discrepancy & to the ensure the rectification of transactions. Most importantly, the decision Joel plans to take is very unethical & is against standard accounting practices

We can therefore, say that Joel's decision is thoroughly unethical & unprofessional

5 0

3 years ago

Read 2 more answers

How are resources allocated in a traditional economy?

mote1985 [20]

Traditional morals the system of production of material wealth

4 0

3 years ago

Read 2 more answers

Dew wanted to create a campaign based on its core concept of diy. they ran multiple contests and created nations and communities

ruslelena [56]

By doing this, Dew was able to create a stronger bond with the customer and their brand. They already have brand awareness with their customers but now they are able to engage their customers by allowing them to have a "say" in their products. They are letting them design a product they would like to see on the market and become a part of the brand/company.

8 0

3 years ago

MacDonald Products, Inc., of Clarkson, New York, has the option of (a) proceeding immediately with production of a new top-

Romashka-Z-Leto [24]

Answer:

The EMV for option a is $5,679,100

The EMV for option b is $5,719,200

Therefore, option b has the highest expected monetary value.

Explanation:

The EMV of the project is the Expected Money Value of the Project.

This value is given by the sum of each expected earning/cost multiplied by each probability.

So