I just want some ideas on how to write this essay, for instance, explanation of the case and what are some possible solution. thanks
“What Should I do, my friend?”
A former classmate of yours, Liz Theranos, has landed an internship position in the accounting department at Brompton Travels, a small closely held company. She tells you at one of your regular get-togethers at the local coffee shop, that she is excited and anxious to make a good impression as an accounting intern with the company because she wants to be offered a fulltime job at this company when she completes her internship.
The company’s operations are all related to tourism, and it has, as its principal asset, a large ocean front hotel. The company is primarily owned by the two directors who are brothers. Both of the brothers are actively engaged in the day-to-day running of the business. Liz gets along well with the directors and the small accounting staff even though she is only employed as an intern. Liz also is aware that the company had faced some serious cash flow difficulties shortly before she was appointed as an accounting intern. However, since Liz Theranos started working with the head accountant a remortgaging arrangement has, apparently, eased the financial pressure.
Recently, one of the managing brothers comes to Liz with a company check for $5,040 made payable to a design company, which he has already signed. Since the head accountant is currently on vacation for the next two weeks, and the internal policy requires that checks over $2,500 be signed by the head accountant and a director, he asks for Liz’s counter-signature. He explains that it is the deposit for the design work and furnishings for some of the hotel bedrooms. There is a formal invoice from a design studio, but you are still surprised as the head accountant before leaving on vacation had not made you aware that any such outlays had been planned. Nevertheless, given the explanation by the director and the supporting invoice, you counter-sign the check.
Later that day, out of curiosity, Liz decides to do some research into the design studio. She finds that the design company that has had a high level of indebtedness in the past. Liz also sees that the company secretary appears to be the daughter of one of the directors for whom she works. Two days later, the same managing director comes to you with another check, this time for $26,500, again needing only your counter-signature. There is a supporting invoice from the same design studio. You are hesitant, and the managing director seeing your hesitancy, explains that he is only asking you to counter-sign the check because the head accountant is still on vacation. He says that it is important to submit the check promptly so that it may be banked before April 15th. You ask why there is such urgency, particularly as there is no evidence of any design work having started. The managing director laughs and replies that the money should be 4/18 back in the hotel’s bank account by June 1 st . He further adds that the checks are needed urgently to settle some outstanding directors’ loan accounts at the design studio. Once again he asks you to not worry because the money should be returned to the hotel company account soon. Liz, once again reluctantly countersigns the check
Liz Theranos, your friend, whom you recall as always having high principles and Integrity, calls you to meet for coffee because she needs to speak confidentially with a good friend about something at work that’s bothering her. You agree to meet Liz for coffee.
Over coffee Liz shares with you the situation described above. Both you and Liz, recall Prof. Woods’ ethics class that you took in college and continue discussing how one can act honestly with regard to the dilemma posed by the recent director’s request and accounting functions at Liz Theranos’ employer? You immediately suggest to Liz that she should immediately quit. Liz tells you that she has seriously thought about quitting. However, besides needing the income, she has decided to stay because she really wants to get a full-time position with the company. The hotel/travel industry is the industry she really wants to work in as an accountant and after a couple of year’s full-time employment with Brompton Travel she would be in an ideal position to move on by getting a job with one of the major hotel chains. After a long stare, you tell her you understand and will help her structure a response that deals with the dilemma
Required:
? Help your friend Liz Theranos, who is just an intern at the company, deal with this ethical issue.
? Within a professional, word typed, 11-12 fonts, single-line spaced document
? Explain the ethical issues and how she should respond and, possible ramifications of Liz responding to this issue.
? Your final paper must be between 500-700 words.
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Assume that the CAPM holds, the risk-free rate is 2% per year, the expected return on the market is 10% per year and that the annualized volatility (standard deviation) of market returns is 20%.
Assume that the beta of IBM is 1.0, the beta of GM is 2.0, and their respective annualized return volatilities are 25% and 80%. What is the correlation between IBM and GM returns?
Group of answer choices
0.8
0.4
-0.25
0
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(b) If CA0 = 1.0 mol/L, what is the concentration of A at 90% conversion of A?
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is
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