Ethical Issue In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money. To Describe: The ethical consideration in the case.

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Answer 1

Question

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

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Answer 2

Question

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

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Answer 3

Question

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

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Answer 4

Question

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

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Answer 5

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

Answer 6

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

Answer 7

Chapter 5, Problem 5.8EYCT

(a)

To determine

Ethical Issue

In this case, the newly recruited assistant treasurer of Company S, Ms. T is responsible for issuing the checks for payment of invoices in order to keep up the company’s high credit rating and take advantage of all cash discounts. But, she is instructed by Mr. P, the former assistant treasurer who now has been promoted as treasurer, to prepare the checks net of discount on the last day of the discount and hold it at least for 4 days before the check are mailed for getting interest benefit on the money.

To Describe: The ethical consideration in the case.

Answer 8

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

Answer 9

(b)

To determine

To Explain: Whether the stakeholders are harmed or benefited.

Answer 10

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

Answer 11

(c)

To determine

To Explain: Whether the practice started by P should continue by Ms. T.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 5 - Prob. 1Q Ch. 5 - Prob. 2Q Ch. 5 - Prob. 3Q Ch. 5 - Prob. 4Q Ch. 5 - Waymon Co. has net sales of 100,000, cost of goods...Ch. 5 - Masie Ascot believes revenues from credit sales...Ch. 5 - (a) What is the primary source document for...Ch. 5 - Prob. 8Q Ch. 5 - As the end of Smyle Companys fiscal year...Ch. 5 - To encourage bookstores to buy a broader range of...

Solution Summary: The author explains that the newly recruited assistant treasurer of Company S, Ms. T, is responsible for issuing the checks for payment of invoices to keep up the company's high credit rating and take advantage of all cash discounts

To Explain: Whether the stakeholders are harmed or benefited.

To Explain: Whether the practice started by P should continue by Ms. T.

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Chapter 5 Solutions