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ag Essay You are the assistant controller in charge of general ledger accounts at Riverdale Bottling Company. Your company has a large loan from an insurance company. The loan agreement requires that the companys cash balance be maintained at $200,000 or more, as reported monthly. At June 30 the cash balance is $80,000, which you report to Gina Schmitt, the financial vice president .Gina excitedly instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Gina says, If we dont get that cash balance over $200,000 well default on our loan agreement. They could close us down, put us all out of our jobs! Gina continues. I talked to Ononto Distributors (one of Riverdales largest customers) this morning. They said they sent us a check for $150,000 yesterday. We should receive it tomorrow. If we include just That one check in our cash balance, well be in the clear. It is in the mail! Instructions: Who will suffer negative effects if you do not comply with Gina Schmitts instructions? Who will suffer if you do comply? a. b. What are the ethical considerations in this case? What alternatives do you have?
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