Question
Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreementallows better days ahead to overdraw its, cash balance at
Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreementallows 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 equiptmentand spent large amounts on fundraising. During Hensonspresidency, Better Days Ahead has maintained a negative bank balance of approximatly$10000.
Whatis the ethical issue in tissituation, If any? State why you approve or disapprove ofHenson's managementofBetter Days Ahead's funds
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