Professional Documents
Culture Documents
Presentedtothe
AccountancyDepartment
DeLaSalleUniversity
Inpartialfulfillment
Ofthecourserequirements
InACCTBA2K42
Luzuriaga,IvanChrisT.
November6,2013
a.)Whoarethestakeholdersinthissituation?
IfwearegoingtolookatanAccountingpointofview,thatstakeholdersare
AphroditeandVenussincetheyaretheonesoperatingthebusinessandinvestinginit.
b.)IdentifytheproblemswithAPHRODITEsactionsanddiscusstheethical
considerationsofheractions.
Firstofall,Aphroditeseemstobealittlemoremultistreaminmanagementthan
Venussmainstreamstyleofmanagement.Withthatsaid,sheisntmaximizingthetime
thatshehas.Shesalreadyoperatingonshortertimeperiodsandshetakeslonger
lunchbreakssoIseethatshemostlytakeshertimewiththingsthuslosingthetimeshe
couldbemakingprofitlikeVenusalthoughVenus,Ithink,isborderliningonabusingthe
physicalabilitiesofherworkersandevenherselfalthoughsheismaximizingprofitsand
time.
AnotherproblemwithAphroditeisthatshemakessomanywithdrawalsalthough
Idontknowexactlyifitssosignificantwithherlifethatshejusthasto.Shesnot
maximizingprofitsandtimelikeVenusissoIdontseehowshecanbesookaywith
justwithdrawingmoney.Ifshetriedadjustingtimeandheractivities,shecouldbe
doublingherprofitsbutunfortunately,herwithdrawalsaregettingdoubledinstead.
Regardlessthoughifshesmaximizinghertimeforprofit,sheshouldntbemakingas
muchwithdrawalsassheshouldbecausebytheendoftheaccountingperiod,she
mightnotmakeasmuchassheshouldbemakingduetotheamountofwithdrawals
shehasincurredthroughouttheperiod.
ToAphrodite,itsokaytodothesethingssolongasitisagreeduponand
everythingisopenlydiscussed.Anexampleofthiswouldbewhenshetakeslonger
lunchhours.Aphroditeandtheworkersaregettingasolidamountofresttimebut
sacrificingthetimetheycouldbemakingalongtheway.Anotherishertransparency
andopennesstoVenus.Aphroditesaiditsokaytowithdrawthemoneybecauseshes
beingopenaboutittoVenusandeverythingwillbechargedtoAphroditescapital
accountanywaybuttome,thatisntavalidexcusetojustkeepwithdrawingmoney.
c.)Howmightthepartnershipagreementberevisedtoaccommodatethedifferencesin
APHRODITESandVENUSSworkandwithdrawalhabits?
First,theycoulduseVenusstimeforschedulingappointmentsandatthesame
timetakelunchbreakssothattheycouldgetabreakoutofalltheworktheyredoing
andatthesametimemaximizingtimeforprofit.
Second,theycouldagreeonawithdrawinglimitandhavealimitsetforbothof
themequallysothatneitheristemptedtotakemorethanwhattheycan.Itseitherthat
orVenusbecomesalimitedpartnersothatwhateverhercapitalcontributionisbejust
herssothathermoneyissafeandthatifeverAphroditedoeswithdrawtoomuch,
Venuswouldnotbeliableforit.Itsalsothatorthereshouldbeasanctionwhobreaks
thewithdrawallimitandbeliablefordamagesandinterestonthewithdrawalsmadeso
thereisdiscipline.