Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amy Smith is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of

Amy Smith is a student who plans to attend approximately four professional events a year at her college. Each event necessitates a financial outlay of $100-$200 for a new suit and accessories. After incuring a major hit to her savings for the first event, Amy developed a different approach. She buys the suit on credit the week before the event, wears it to the event, and returns it the next week to the store for a full refund on her charge card. For your initial post this week, comment on the ethics exhibited by Amy and possible consequences of her actions on herself, the retailer and the general consumer. Explain how the merchandising company would account for the suits that Amy returns. Your initial post is due Thursday, 7/21 by 11:55PM, with your replies to two of your classmates due by Sunday, 7/24 by 11:55PM. For your reply posts do you agree or disagree with your classmates assessment. Is there anything else you think they should consider? Is there a system you feel could be put in place that would protect companies for customers who exhibit this type of behavior

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

6th edition

133852105, 978-0133852103

More Books

Students also viewed these Accounting questions