The Profit and Loss Statement

The Profit and Loss Statement

You will use one month’s sales projections (see Doc Sharing for additional help) and state your sales. Then take a guess about what your expenses are going to be for that same month. Do not forget things like rent, utilities, supplies and inventory, salaries, pay and profit for you. Use the Unit 9 Spreadsheet Template located in Doc Sharing.

Part 2: Ethics and Profit

Read the scenario and discuss the ethical considerations related to the scenario.

View the rubric below for full Assignment details and grading rubric.

When you have completed both the template and Part 2 responses, submit both to the Unit 9: Assignment Dropbox.

…………………….Answer preview………………………

Ethics or moral philosophy is a set of rules or a guide of wrong and right. It distinguishes between good from bad and any society is bound by it. There are two categories of ethical theories that are there, consequentialist and non-consequentialist theories. Consequentialist theory judges good from bad based on the consequences of an action while the non-consequentialist judges good from bad based on the situation leading to the action.

Act utilitarianism which is a branch of consequentialist theory is a utilitarian approach that suggests that an individual’s action is considered morally right if that particular action ensures happiness than any other act that they could do at that particular time. Applied to the scenario at hand, Sam Trudeau’s action where he took cash from his client Mr. Ordine, forgot to generate a receipt by the end of the day and used the same money to run by the grocery store intending to pay it back later is considered moral……………………………………………..

APA

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