Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need some help on this ethics case. She grades pretty harshly. I was wondering if you could put what you would say on these

I need some help on this ethics case. She grades pretty harshly. I was wondering if you could put what you would say on these and I'll see if mine is anywhere close

image text in transcribed
B Ethics Case - 202003 ACCT 2010 x b Story Company's inventory recol x + /bblearn.aum.edu/webapps/blackboard/content/listContent.jsp?content_id=_2109518_1&course_id=_36791_1 M Gmail Insurance, Banking,.. Other favorit Make sure you use Exhibit 1-9 as your guide as well as the stakeholder perspective to evaluate these business cases. Ch 2 Ethics Case - DC2-6 Decision Case (DC) 2-6 - Susan Spiffy, owner of Spiffy Cleaners, a drive-through dry cleaners, would like to expand her business from its current location to a chain of cleaners. Revenues at the one location have been increasing an average of 8% each quarter. Profits have been increasing accordingly. Susan is conservative in spending and is a very hard worker. She has an appointment with a banker to apply for a loan to expand the business. To prepare for the appointment, she instructs you, as chief financial officer and payroll clerk, to copy the quarterly income statements for the past two years but not to include a balance sheet. Susan already has a substantial loan from another bank. In fact, she has very little of her own money invested in the business. Required - Using the ethical decision framework to complete the following requirements: 1. Recognize an ethical dilemma - what ethical dilemma(s) do you face? 2. Analyze the key elements in the situation 1. Who may benefit if you follow Susan's instructions? Who may be harmed? 2. How are they likely to benefit or be harmed? 3. What rights or claims may be violated? 4. What specific interests are in conflict? 5. What are your responsibilities and obligations? 3. List alternatives and evaluate the impact of each of those affected: As chief financial officer, what are your options in dealing with the ethical dilemma(s) you identified in 1. above? If the bank does not receive the balance sheet, will it have all the relevant information needed to make a decision on the loan? Why or why not? Will the information provided by your company be neutral? 4. Select the best alternative: Among the alternatives, which one would you select? Why? O & M X W 11:00 AM 7/7/2020 prt sc delete home end 5 backspace U O D B home G K enter

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

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

10th edition

1259964949, 1259964947, 978-1259964947

More Books

Students also viewed these Accounting questions