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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Ethics and Inventory

An electronics store has a large number of computers that use outdated technology in its inventory. These computers are reported at their cost. Shortly after the December 31 year end, the store manager insists that the computers can be sold for well over their cost. But the store’s accountant has been told by the sales staff that it will be difficult to sell these computers for more than half of their inventory cost.

Required:

Why is the store manager reluctant to admit that these computers have little sales value?

To determine

Introduction:

This examination must address your utilization of ethics in considering and basic leadership and your potential for struggle in circumstances with individuals who have distinctive translations of moral conduct.

According to the Ethics Awareness Inventory [EAI] (Williams Institute for Ethics and Management [WIEM], 2003), Moral viewpoint is well on the way to be founded on commitment, and least liable to be founded on value. In this paper, I will apply the consequences of this inventory to my own and expert improvement, clarifying how my instructive experience has molded my moral reasoning, tending to my utilization of ethics in considering and basic leadership, and examining my potential for struggle in circumstances with individuals of various moral points of view. The EAI states that my moral point of view depends on "a person’s obligation or commitment to do what is ethically right".

To discuss:

Why is the store manager reluctant to admit that these computers have little sale value?

Explanation

The company sell the outdated technology computer, so the cost price of the company is lower than its current market price.

Store manager reluctant to admit that these computers have little sale value due to technology reason and company accountant release that co...

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