Case 3 - Case 3.2 Jason Wilcox Part A. 1. The way that Kim...

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Case 3.2 Jason Wilcox Part A. 1. The way that Kim Morris reported her earned revenue was for the most part done fair and reasonable. The only part that may be in question to fairness is if she reported the revenue of the customers that she gave a 30-day credit to. However in the text it is unclear as to if she reported those revenues before or after she received payment on the credit accounts. 2. When Kim Morris charged the ink and paper to her supplies expense account she was fair and reasonable. However by charging her family grocery’s and dry cleaning on the business’ supplies expense account she was not being fair to Chris Stanley. Mr. Stanley should not have taken a cut in the earned revenue due to the personal needs of Kim Morris. 3. Although Kim Morris and Chris Stanley agreed on her salary of $60,000 annually, they did not discuss the salaries of her husband and children. She is recording a salary of $30,000 for her husband and 2 children. Although she is the new owner and can decide to pay employees however she likes she also
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This note was uploaded on 12/18/2010 for the course BUS 254788 taught by Professor Mitchell during the Spring '10 term at SUNY Albany.

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Case 3 - Case 3.2 Jason Wilcox Part A. 1. The way that Kim...

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