Randy White is the executive director of a non-profit preschool for special needs children. Part of Randy's responsibilities include fundraising for the preschool. Because of his experience and success in operating specialty pre-schools, Randy is sought after as a consultant at locations around the country to assist in the start-up and operation of such facilities. Randy does so quite frequently
Randy does not take vacation time for this work, and his consultant fees (which range from $750 - $1500 per day) are kept by him as personal income. Randy uses his secretary at the preschool to book his travel arrangements and prepare his consultant reports and bills for these outside engagements.
a. Randy's activities are ethical so long as disclosed.
b. Randy is using the time and resources of his employer in an unethical manner.
c. Randy's activities are ethical whether disclosed or undisclosed.
d. There is no conflict of interest in Randy's activities.
.B
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After aging the accounts receivable, it is estimated that $790 will not be collected and the allowance account has an existing debit balance of $230 . The adjusting entry under the aging approach would be for the amount of
a. $790. b. $230. c. $560. d. $1,020.
The accounting rate-of-return method implements the effects of the time value of money
Indicate whether the statement is true or false
When a "good" decision is identified immediately, alternatives do not need to be developed.
Answer the following statement true (T) or false (F)
The Des Moines plant of Tri-B Corp. has three fabrication departments with each producing a single unique product with equipment that is dedicated solely to its product. The three products are moved to four assembly departments where they are assembled. Although any of the three products can be processed in any of the assembly departments, the materials handling and assembly costs are different because of the varying distances between departments and because of different equipment. Each fabrication and assembly department has a different monthly capacity, and it is desirable that each department operate at capacity. The variable costs and capacity for each department are shown below.
How many units of each product should be moved from each fabrication department to each assembly department to minimize total monthly costs? (Use the minimum cost method to find an initial feasible solution and the transportation simplex method to find an optimal solution.) Compute the optimal total monthly cost.