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Category > Accounting Posted 19 Dec 2017 My Price 10.00

discuss Nolan's ethical responsibilities in this situation

There are only three questions.  Please see the attachment

Complete Chapter #1 Case 1-32 on page #31-32 but though the problem says in a group you will complete by yourself and post your assignment to this link in Moodle. I'm looking for a well thought out responses to each of the case questions with your OWN thoughts and responses and I'm not looking for you to reference and cite someone else's work but I want your thoughts. The case assignment must be prepared in a word document using 12 font, single spaced SofTech, Inc., a developer and distributor of business applications software, has been in business for five  years. SofTech's sales have increased steadily to the current level of $25 million per year. The company  has 250 employees. Jennifer Nolan joined SofTech approximately one year ago as accounting manager.  Nolan's duties include supervision of the company's accounting operations and preparation of the  company's financial statements. No one has noticed that in the past six months SofTech's sales have  ceased to rise and have actually declined in the two most recent months. This unexpected downturn has  resulted in cash shortages. Compounding these problems, SofTech has had to delay the introduction of a new product line due to delays in documentation preparation. SofTech contracts most of its printing requirements to Web Graphic Inc., a small company owned by Rob  Borman. Borman has dedicated a major portion of his printing capacity to SofTech's requirements  because SofTech's contracts represent approximately 50 percent of Web Graphic's business. Nolan has  known Borman for many years; as a matter of fact, she learned of SofTech's need for an accounting  manager through Borman. Page 32 While preparing SofTech's most recent financial statements, Nolan became concerned about the  company's ability to maintain steady payments to its suppliers; she estimated that payments to all  vendors, normally made within 30 days, could exceed 75 days. Nolan is particularly concerned about  payments to Web Graphic; she knows that SofTech had recently placed a large order with Web Graphic  for the printing of the new product documentation, and she knows that Web Graphic will soon be placing  an order for the special paper required for SofTech's documentation. Nolan is considering telling Borman  about SofTech's cash problems; however, she is aware that a delay in the printing of the documentation  would jeopardize SofTech's new product. Required: 1. As a group, discuss Nolan's ethical responsibilities in this situation. 2. Independent of your answer to requirement (1), assume that Nolan learns that Borman of Web  Graphic has decided to postpone the special paper order required for SofTech's printing job; Nolan  believes Borman must have heard rumors about SofTech's financial problems from some other  source because she has not talked to Borman. Should Nolan tell the appropriate SofTech officials  that Borman has postponed the paper order? Explain your answer. 3. Independent of your answers to the first two requirements, assume that Borman has decided to  postpone the special paper order because he has learned of SofTech's financial problems from  some source other than Nolan. In addition, Nolan realizes that Jim Grason, SofTech's purchasing  manager, knows of her friendship with Borman. Now Nolan is concerned that Grason may suspect  she told Borman of SofTech's financial problems when Grason finds out Borman has postponed the  order. Describe the steps that Nolan should take to resolve this situation.
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CourseLover
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Status NEW Posted 19 Dec 2017 08:12 AM My Price 10.00

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