Question
Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreement allows better days ahead to overdraw its, cash balance
Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreement allows better days ahead to overdraw its, cash balance at the bank when donations are running low. In the past, Better Days Ahead managed funds wisely and rarely used this privileage. Jacob Henson has recently become the president of Better Days. To expand opperations, Henson'saquired office equiptment and spent large amounts on fundraising. During Hensons presidency, Better Days Ahead has maintained a negative bank balance of approximatly $10000.
Whatis the ethical issue in tis situation, If any? State why you approve or disapprove of Henson's managementof Better Days Ahead's funds
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