You Are an Office Manager for Triple C Employment Services

question 45

Essay

You are an office manager for Triple C Employment Services, a small business of 20 employees. It is your responsibility to pay the invoices submitted by your vendors. In recent months, you have noticed an increase in the number of invoices from your small office supply vendor, Handy Offices. It seems as if the prices for many of the supplies are higher than necessary.After doing some research, you discover that one of your company's managers, John Deedrick, has been placing many of these orders. You also discover that John has received some rather nice "gifts" from the CEO at Handy Offices, including two dinners at an expensive restaurant and greens fees at one of the better golf courses in the area. You know all too well that Deedrick, the Handy Offices CEO, and the Triple C CEOs are good friends, both on and off the golf course.Is this a case of unethical behaviour, illegal behaviour, neither, or both? Explain. Provide two things Triple C Employment Services can do to ensure this type of behaviour does not continue to occur?

Calculate depreciation using the straight-line method and identify its implications on financial statements.

Apply the double-declining-balance method for calculating asset depreciation and understand its impact on asset valuation.

Determine depreciation expense using the units-of-output method and its relevance to asset utilization.

Analyze the effects of revising depreciation estimates on the book value and depreciation expense of assets.

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Definitions:

Oliguria

The medical term for producing abnormally small amounts of urine.

Dysuria

Painful or difficult urination, often indicating a urinary tract infection.

Anuria

The failure of the kidneys to produce urine, leading to a complete lack of urine output.

Enuresis

The clinical term for unconscious urination, commonly occurring in children during nighttime.