Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One or more page paper and discuss whether it is ethical for Ann to submit a budget for an amount higher than the cost expected

image text in transcribed

One or more page paper and discuss whether it is ethical for Ann to submit a budget for an amount higher than the cost expected to be incurred.

image text in transcribed 10-1 ETHIC S CASE: COLUMBUS PARK- WA STE TREATMENT FACILITY [LO 4] As manager of the waste treatment facility for the city of Columbus Park, Illinois, Ann Paxton is in the process of preparing an annual expense budget. While eating lunch at her desk, she thought about the coming year. \"Next year, my department will probably be asked to process some 9,000,000 gallons of waste. Our variable costs are about$.20 per gallon, and our fixed costs are about $1,400,000.So, the total cost should be somewhere around $3,200,000.I better submit a budget of around $3,900,000. The city's tax revenues are down and the city controller will probably reduce whatever budget I submit by 10 percent. And what if I end up incurring higher expenses than anticipated? A new labor contract, for instance, could increase costs by more than $200,000. Or waste could be 500,000gallons higher than estimated. The last thing I want is to incur more costs than budgeted. I've got to stay within budget to have any chance for a promotion out of this stinking department!" Required Discuss whether it is ethical for Ann to submit a budget for an amount higher than the cost expected to be incurred. Instructions: Complete individually as an essay or narrative, not as answers to questions or as a problem. Calculations may be necessary to illustrate the issue or to support conclusions Include an executive summary, overview of situation, issues addressed, suggested resolution, and conclusion. The overview need not contain a complete restatement of the case, just enough background for a reader not familiar with the case to follow the narrative Complete in good grammatical form with appropriate business tone and logical narrative flow. Grading will include grammar, sentence structure, paragraph form, and structure of the narrative Paper should be one or two single-spaced pages using 11 pt. font and excluding any titles or supplements If any sources other than the text book are used, they should be cited appropriately

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

Modern Advanced Accounting in Canada

Authors: Hilton Murray, Herauf Darrell

8th edition

1259087557, 1057317623, 978-1259087554

More Books

Students also viewed these Accounting questions

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago