The current months bank statement for your account arrives in the mail. In reviewing the statement, you
Question:
The current month’s bank statement for your account arrives in the mail. In reviewing the statement, you notice a deposit listed for $400.00 that you did not make. It has been credited in error to your account. Discuss whether you have an ethical or legal obligation to inform the bank of the error. What action should you take?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
This situation presents an ethical dilemma similar to receiving too much change from a store ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
David has a savings account with a 7,000 balance today. The account earns an annual percentage rate of interest of 4.00%, compounded monthly. David plans to make no other deposits or withdrawals. How...
-
Required: What action should Broadway take to maximize its operating income? Show your calculations. Broadway Printers operates a printing press with a monthly capacity of 2,000 machine-hours....
-
You deposit $500 into a bank account that has an annual interest rate of 5.5%, compounded quarterly. a. How much money will you have after 5 yr if you never deposit more money? b. How much money will...
-
The Illinois State University Alumni Association is having two Baseball Day events this year. The purpose of the events is to both foster relationships between ISU alums and to also raise money for...
-
Lilley & Taylor, partners in an accounting practice, completed the following selected transactions: 2016 Oct. 31 Performed service for Berger Manufacturing Inc., receiving a $30,000, three-month, 5%...
-
Treat the given nonlinear functions as linear functions in order to sketch their graphs. At times, this can be useful in showing certain values of a function. For example, y = 2 + 3x 2 can be shown...
-
How might Result 3 be of use to an analyst making a presentation to a client?
-
Gazelle Corporation, a merchandiser, recently completed its calendar- year 2013 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts...
-
Sidebar 5.4 in our textbook (The Legal and Regulatory Environment of Business) discusses trends relating to arbitration and indicates, among other things, that employment contracts are increasingly...
-
A spherical elastic balloon initially containing 5 kg ammonia as saturated vapor at 20C is connected by a valve to a 3-m3 evacuated tank. The balloon is made such that the pressure inside is...
-
Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $200.00 is maintained. REQUIRED 1. Prepare the journal...
-
Turner Excavation maintains a checking account and has decided to open a petty cash fund. The following petty cash fund transactions occurred during July: July 2 Established a petty cash fund by...
-
Hawthorne Golf, the maker of a sought-after set of golf clubs, was formed in 2006. The selling price for each golf club set is \(\$ 750\), variable production costs are \(\$ 350\) per unit, fixed...
-
Consider a piston with an orifice in a cylinder filled with a fluid of viscosity \(\mu\) as shown in Fig. 1.106. As the piston moves in the cylinder, the fluid flows through the orifice, giving rise...
-
Add a function to SmallWorld that computes the global clustering coefficient of a graph. The global clustering coefficient is the conditional probability that two random vertices that are neighbors...
-
Show that the generators of the algebra (33.8) are related by parity. For a Dirac wavefunction the action of parity is $P \psi(\boldsymbol{x}, t) P^{-1}=\gamma_{0} \psi(-\boldsymbol{x}, t)$, up to a...
-
Extend the algorithm you designed for Exercise 6.2 so that it can evaluate positions that are nonterminalin other words, positions where the game has not yet finished. Your score should be positive...
-
In addition to tanh, another s-shaped smooth function, the logistic sigmoid function y=1 / (1+exp(x)), is commonly used as an activation function in neural networks. A common way to implement them in...
-
What would you l ike about working at SAS (the company featured in the opening case of this chapter)? What would cause you concern? If you did work there, what would it take for you to leave? Do you...
-
Decades after the event, Johnson & Johnson (J&J), the 130-year-old American multinational, is still praised for swiftly The company indicated that its response was based on the expectations set forth...
-
Whether a prospect is coded as a gain or as a loss can depend on how that prospect is framed. Indicate whether each statement is true or false, and justify your answer.
-
The JAB Company uses the perpetual inventory system with a subsidiary ledger for inventory. Enter the following information into the inventory balance for product U47. Be sure to keep the balance on...
-
The JAB Company uses the perpetual inventory system with a subsidiary ledger for inventory. Journalize and post the preceding transactions (exercise 15B-2) using a two-column journal and T accounts....
-
The JAB Company uses the perpetual inventory system with a subsidiary ledger for inventory. Journalize and post the preceding transactions (exercise 15B-2) using a two-column journal and T accounts....
-
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
-
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
-
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...
Study smarter with the SolutionInn App