ethics with accounting write one paragraphs or two to answer each questions

Ethics

Give your response to each situation.

1. You are working for Bridger Photonics in Bozeman, Mt. While in Tokyo, Japan at a supplier of stepper motors you are given a gift of 3 silk ties that the company also manufactures (the company is an expert at motors and spinning devices. The manufacture of silk products requires spinning motion machines. The company leveraged their knowledge of motors into a horizontal market). The silk ties would be valued at

$150 retail. The manufacturing cost of the ties was $5/tie. What do you do when you arrive back home in Bozeman?

1. Chris is out to dinner with a friend who works for a small publicly held company in San Diego. His friend mentions to Chris that they are going to get bought by Google within a year if they complete a project

they are working on. Chris’s friend is working on that key project and he told Chris that the project is looking really good and he thinks not only will it complete, but complete on time and under budget. Chris is currently looking to invest $10,000 that his grandmother left him in her will. The next day Chris buys

$10,000 worth of his friends’ stock.

1. Mary is working in a large company in the Bay Area. One day at work, Mary observes a colleague Sandra talking to another colleague who is a manager in the accounting department. Mary observes the manager rubbing Sandra’s arm and Sandra backing away from the person. What should Mary do?

1. Ted and his family is visiting his brother in Whitefish, Mt. They are planning to go skiing. Ted’s brother offers to give him his season pass (Ted and his brother look very similar) so he doesn’t have to pay for a ski pass. Ted’s brother justified it saying, “I’ve paid for the year to ski and I’m not going up to the mountain tomorrow, you might as well use it.” What should Ted do?

1. Bill had hail damage last summer and has recently completed the form to get more money. When Bill received the check from the insurance company, instead of $1,000 which he was expecting, the check was made out for $10,000. Bill cashed the check and put the money into his savings account. He decided to

keep the money in his savings account for at least a year until he was sure the insurance company didn’t find the mistake. Then he would go buy that NRS raft with full fishing frame and trailer that he had been wanting but couldn’t afford. Bill figured the insurance company had plenty of money and he’d been paying insurance premiums for over 20 years and had never made one claim until this recent claim.

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