academic writing - managerial accounting - 8 HOURS TO DELIVER

“We’re in trouble” Your boss tells you one day. “End of the quarter is coming and there is no way we’re going to make our sales budget,” he adds. “You know what that means?” he asks. Then he answers his own question saying, “no bonus for you, for me or for our department’s head; he’s going to be very upset!” Your boss then proceeds to tell you his plan for saving everyone’s bonus and meeting the quarter’s budget. He will send an email to some major customers informing them of a 10% price increase effective on the start of next quarter. The customers will then place next quarter’s orders by the end of this quarter to beat the price increase and you’ll be able to meet your sales budget. After the end of the quarter, your boss plans to send a memo rescinding the announced “price increase.” Please comment on the following: 1. What shortcomings of the budgeting process do you see in this story and how would you address them? 2. In your opinion does the plan go against any rules or regulations? Is the plan ethical? 3. What short and long term impact will your boss’ plan have for the company’s employees, its shareholders and its customers? 4. What would you advise your boss regarding his plan and why? 5. What alternate course of action would you suggest? Now read your classmates’ posts and discuss them. You may find someone that came up with the same or different opinions and recommendations. Do you find anything that would change your own viewpoint or recommendations? Make sure to use plenty of questions in your response posts to foster [login to view URL] that you must submit your own initial post before you are able to read or comment on those of your classmates. This DB will be graded using the "DB Grading Rubric" posted under the "Getting Started" tab.