What Happens In Fundamental Accounting Principles Chapter 5?

For three years, I’d used my family’s connections to bring the company hundreds of millions in revenue. But at the quarterly meeting, the new intern stood before everyone, displaying my attendance and expense reports, and accused me of “unexcused absences” and “squandering company funds.” “These high-end clubs, these restaurants…” she declared, her voice ringing with self-righteousness. “She spends thousands of dollars every time! These are completely unnecessary expenses.” “I strongly advise the CEO to fire her immediately and save the company’s cash flow.” I glanced at Claude, the CEO. My old classmate. He knew exactly how much revenue each of those meetings generated. He also knew that when I wasn't in the office, I was at some bar, negotiating with investors, sometimes drinking until my stomach turned. But he just stared at me coldly. “Caroline, what’s your explanation for the absences and expenses Lia has presented?” I smiled. “I have nothing to explain.” They would all learn, very soon, the consequences of this little stunt.

On the first day of work, my boss, Wayne Richmond, gives everyone a nice bonus to start the year. Some receive 100 dollars, while others receive 200 dollars. When it's my turn, all I get is a piece of A4 paper. The rent, the management fee, and the utility bills, all from last year, are printed on the paper. At the end, I see Wayne's bank account number listed there. Wayne just looks at me haughtily as he says, "Meredith, you took the liberty to take on overtime shifts that last for more than a thousand hours last year. But despite the long hours, you didn't really bring much profit to the table. "That's why you should be the one paying for the property fees and the utility bills, seeing as you've wasted so much resources. This shouldn't be an outrageous request, right?" When I try to argue with Wayne, he just waves a hand at me impatiently. "I'm already charging you the lowest rate. Hurry up and pay the bills. Don't delay the work hours for everyone." As I stare at the piece of paper, I just smile instead of lashing out at Wayne. Everyone in the company doesn't know that I'm actually the owner of the building this company is based in. That means Wayne is giving me, the owner, the bill that he's supposed to be paying. In that case, I shall be retrieving every single cent that I've spent on this company. I won't be playing nice anymore.

After half a month of nonstop overtime, I secured a contract worth over ten million, pulling the company back from the brink of collapse. My boss, Richard Gray, was overjoyed. At the celebration party, he called me the pillar of the company and announced that he would reward me with a bonus. However, when the end of the month came, and I opened my payslip, I froze. Negative 250 dollars. A negative commission? I actually owed the company 250 dollars? I immediately called the finance department, asking if there was a mistake on my payslip. They replied, "No mistake. This is the cost calculation formula that Mr. Gray personally instructed us to use. He said you'd understand once you saw it." I went straight to Richard for an explanation. He laughed. "The contract that you signed, after factoring in the concessions, upfront resources, and hidden expenses, left the company with a net loss of 150 thousand. Since the loss was due to your personal decisions, you're responsible for five percent. That totals to 7500. "Considering how hard you worked, we deducted it from your base salary first. But your salary wasn't enough, so you still owe the company 250. Don't worry. The company treats its employees well. We'll write that off." Soon after, he awarded 100 thousand dollars to the newly arrived intern. I watched the newcomer, probably connected to Richard, cheerfully treat the entire company to dinner with her bonus, and something inside me just snapped. From that day onward, I did the bare minimum. I clocked in. I clocked out. Nothing more. Later, when a critical project went catastrophically wrong and the company faced a colossal compensation demand, Richard came begging me to fix it. I just smiled and said, "Sorry, Mr. Gray. I've already resigned. If there are any problems, you can ask the intern who got the 100 thousand dollar bonus to handle it."

I happen to come across a popular post regarding a company's finance department on social media. "Seriously, that person in the sales department is such an idiot! All I wanted was to claim reimbursement under her name for the bag I bought, and yet she still refused! "Since she doesn't want me to reimburse my bag, then she can forget about reimbursing everything! This time, I'll teach her a lesson about what happens when she offends a member of the finance department!" There are many bashing comments in the comment section, but the original poster doesn't care at all. She continues adopting a haughty tone. "What am I scared of? The finance department is extremely vital to the company! I refuse to believe that the boss has the courage to offend me, the most important person alive, just to stand up for a sales employee who's easily replaceable!" As I stare at the familiar profile picture belonging to the original poster, I can't help but mentally sneer. She wants to suspend all of my reimbursements, huh? Go ahead, then! This time, I'd like to see what the consequences are for offending a member of the finance department!

I had special luck that would cause others to lose their money. If anyone tried to scam my money from me, they would suffer financial loss. When I was in elementary school, a female classmate stole five dollars from me to buy a snack. The next day, her father suffered a fifty-thousand-dollar loss in his business deal. When I was in high school, my homeroom teacher withheld my prize money. The next day, his wife got into a pyramid scheme, and he lost his house because of it. After I started working, I encountered my extremely snobbish boss, Fiona Anderson. I submitted a claim for five thousand dollars, which I had paid in advance for a company event. However, she refused to approve the claim for three months. As for the rich intern who drove a luxury car, she would immediately approve his claims with a huge smile on her face, even though he would submit fake receipts. I urgently needed to pay my credit card bill, so I went to talk to her. Fiona pointed at me and snorted. “Poor men like you always try to covet the company’s money! “How dare you ask me for money? You must be out of your mind!”

As the year ended and payday finally arrived, my salary still hadn't hit my bank account. I headed straight to the finance department to sort it out, but Sarah Thompson dismissed me impatiently. "You picked up those coupons last week, didn't you? The ones for "Spend 2,000, save 1,000". You got ten of them, adding up to $10,000. Your salary is $8,000, and that extra $2,000 is a perk." I stared at her, stunned. No one had said a word about this when the coupons were handed out. Worse, they could only be redeemed at our boss's supermarket, where commodities were ridiculously marked up. Items that cost $19.99 at a regular supermarket went for $49.99 there, more than double the price. It dawned on me that the boss was just shuffling money from one pocket to another, which meant I had been basically working for free. I shoved the coupons back at her. "I don't want these. Just deposit the cash into my bank account." Michael Wright walked over with a frown. "What's all the yelling? We gave you an extra $2,000, and you are not even grateful? You're stirring up trouble for nothing. You'd spend your salary on stuff anyway. We're just making it convenient." My voice rose, shaking with fury. "What you're doing is illegal!" He laughed, cold and scornful. "Then sue me. I manage things here. You think I'd be scared by a minor employee like you?" Right then, my phone buzzed with a text notification: [Lisa Matthews, congratulations on securing the Enforcement Officer position at the tax bureau.]