Math affected me the most. My least favorite subject.Im a visual learner. I like online/blended courses more than on campus.Academic weakness= writing papers, doing examsStrength= time management, organized

An Ethical DilemmaScenario: Beta Computers is experiencing financial difficulties attributed to declining sales of its mainframe computer systems. Several years ago, the company obtained a large loan from Midland State Bank. The covenants of the loan agreement strictly state that if Beta is unable to maintain a current ratio of 3:1, a quick ratio of 1:1, and a return on assets of 12 percent, the bank will exercise its right to liquidate the company’s assets in settlement of the loan. To monitor Beta’s performance, the bank demands quarterly financial statements that have been reviewed by an independent CPA.Nick Price, Beta’s CEO, has just reviewed the company’s master budget projections for the first two quarters of the current year. What he has learned is disturbing. If sales trends continue, it appears that Beta will be in violation of its loan covenants by the end of the second quarter. If these projections are correct, the bank might foreclose on the company’s assets. As a consequence, Beta’s 750 employees will join the ranks of the unemployed.In February of the current year, Rembrant International contacted Beta to inquire about purchasing a custom-configured mainframe computer system. Not only would the sale generate over a million dollars in revenue, it would put Beta back in compliance with its loan covenants. Unfortunately, Rembrant International is an extremely bad credit risk, and the likelihood of collecting on the sale is slim. Nonetheless, Nick Price approved the sale on February 1, which resulted in the recording of a $1.4 million receivable.On March 31, Edgar Gamm, CPA, arrived at Beta’s headquarters. In Gamm’s opinion, the $1.4 million receivable from Rembrant International should immediately be written off as uncollectible. Of course, if the account is written off, Beta will be in violation of its loan covenants and the bank will soon foreclose. Gamm told Price that it is his professional duty to prevent any material misstatement of the company’s assets.Price reminded Gamm that if the account is written off, 750 employees will be out of work, and that Gamm’s accounting firm probably could not collect its fee for this engagement. Price then showed Gamm Beta’s master budget for the third and fourth quarters of the current year. The budget indicated a complete turnaround for the company. Gamm suspected, however, that most of the budget’s estimates were overly optimistic.As an employee, write an internal memo to your manager addressing the following:* Should Gamm insist that the Rembrant International account be classified as uncollectible? * Should the optimistic third and fourth quarter master budget projections influence his decision? * What would you do if you were in his position? Defend your actions.* If you were the president of Midland State Bank, what would you do if you discovered that the Rembrant International account constituted a large portion of Beta’s reported liquid assets and sales activity for the quarter? * How would you react if Edgar Gamm’s accounting firm had permitted Beta to classify the account as collectible?Please be sure to site your sources in MLA Format.

Create your Assignment submission and be sure to cite your sources, use APA style as required, check your spelling.Assignment:Assignment: Clinic start up scenarioYou have been tasked with starting up a local clinic and developing a business plan for its operation. You are unsure if, or how long it will take for your operation to break even. Refer to cost categories in Exhibit 5.3 on page 166, develop your own cost estimates (and categories as needed) and complete the following in an Excel (or Open Office) spreadsheet :Identify projected fixed costs for each categoryIdentify projected variable costs for each categoryIdentify total costsUsing estimated cost per visit and revenue per visit, project your breakeven point.Briefly describe the merits of the project. Do the numbers make sense?In a separate two-page Word document:summarize your findingsprovide your assumptions regarding the type of care providedexplain your overall rationaleAssignment Expectations:Length:One spreadsheet;500 - 650 words written; answers must thoroughly address the questions in a clear, concise mannerStructure:Include a title page and reference page in APA style. Separate each section in your paper with a clear heading that allows your professor to know which bullet you are addressing in that section of your paper. Support your ideas with at least three (3) citations in your essay. Make sure to reference the citations using the APA writing style for the essay. The cover page and reference page do not count towards the minimum word amount.References:Include the appropriate APA style in-text citations and references for all resources utilized to answer the questions