TJ is an accountant for HAL, Inc., a footwear and apparel company. The company'srevenue and net income have increased by more than 100% over the past three years.During the same period, TJ and the colleagues in the accounting and other departmentshave not received a raise or salary increase. Frustrated by not receiving a raise while thecompany has thrived and the top management has received bonuses, TJ has begunsubmitting expense reimbursements for personal purchases. TJ has a good relationshipwith their supervisor, and the supervisor simply "signs off" on TJ's expensereimbursements. TJ suspects that the supervisor knows that the submissions are forpersonal expenses and is "looking the other way" because TJ has not received a raise inthe past three years.Are TJ and the supervisor acting ethically? Why?Is the management acting ethically? Why?To earn 100%, please write your initial response first and respond to two of yourclassmates.

The ethics of the company means that everything in the company works according to the policies of…

Answered: Are TJ and the supervisor acting…

Business

Accounting

Are TJ and the supervisor acting ethically? Why? Is the management acting ethically? Why?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

TJ is an accountant for HAL, Inc., a footwear and apparel company. The company's
revenue and net income have increased by more than 100% over the past three years.
During the same period, TJ and the colleagues in the accounting and other departments
have not received a raise or salary increase. Frustrated by not receiving a raise while the
company has thrived and the top management has received bonuses, TJ has begun
submitting expense reimbursements for personal purchases. TJ has a good relationship
with their supervisor, and the supervisor simply "signs off" on TJ's expense
reimbursements. TJ suspects that the supervisor knows that the submissions are for
personal expenses and is "looking the other way" because TJ has not received a raise in
the past three years.
Are TJ and the supervisor acting ethically? Why?
Is the management acting ethically? Why?
To earn 100%, please write your initial response first and respond to two of your
classmates.

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