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Presentation Discussion Three Your week two discussion requires you to address the following issue: In November. Stan Richart, the vice-president in charge of the Smartphone

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Presentation Discussion Three Your week two discussion requires you to address the following issue: In November. Stan Richart, the vice-president in charge of the Smartphone Technologies Divilion saw that making the current year's target arofit for his division was poine to be very diffcult. Among other actions, he directod that diseretionary expenditures be delayed until the beginning of the new year, On December 30 , he was ingered to discover that a warehouse clerk had ordered $350,000 of smartohone parts carlier in December, even though the parts wererit really necded by the assembly department unbl january or February, Contrary to cemmon accountins practice, the General Electronics inc. Accountina Policy Manuisi states that such parts are to be recorded as an expente when delivered. To avoid recording the expense. Richart arked that the order be cancelied, but the Purchasing Department reported that the patts hisd alresdy been delivered and the supplier would not accept returns. since the biil had not yet been paid, Rechart asked the Accounting Department to correct the cerk's matake by deloying recognition of the deivery untif the bill is pooc in danmary Reauired 1. Are ichart uctoons cthicale Enplain wtiv thevare or are not ethical 1. Do the seneral manaecment phiosopty and accourteng policiet it Genent dectronks entourase or decourawe ethicai betuviont Exolain. Your week two discussion requires you to address the following issue: In November. Stan Richart, the vice-president in charge of the Smartphone Technoloties Division, saw that making the current year's target arofit for his division was going to be very difficult Among other actions, he directed that discretionary expenditures be delayed untit the beginning of the new year On. Weren'tresty accounting Policy Manual states that such parts are to he fanuary or February. Contrary to common accounting practice. the General Electronics inc. order be cancelled. but the Purchasing Department ropocted th. the as expense when defivered. To avold rscordine the expense. Richart as hed that the bill had not vet beecri paid. Richart asked the Accounting Orourtof the parts had already been delivered and the tupplor would not accept returns shince the paid in jancary Requifed 1. Are Richart's actions ethical Explain why they are or are not ethical 1. Do the gencral iranagement philasoplyy and accountinis policies at General Electronics cocouraxe or discourage cthical behavior? Exptain

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