Page 1 of 2 Ethics in Psychology © 2013 Argosy University Course Case Study 2 Joe, a thirty-five-year-old, male mental health counselor, received a client referral, thirty-five-year-old Jill, from a community counseling clinic. He began providing counseling services to her. Jill's complaint was that she was unsatisfied with her current job as a bank teller and was experiencing mild anxiety and depression. Joe had been providing services to Jill for three weeks when she disclosed that she was confused about her sexuality because she experienced sexual attraction toward some women. Joe immediately responded to Jill with wide eyes and a shocked look. He told Jill that he was a traditional Catholic, who felt that this type of feeling was immoral and wrong. He informed her that she should avoid thinking about this and pray for forgiveness. He also told her that he felt uncomfortable talking about the issue any further. Jill continued to talk to Joe about dealing with her family issues. Joe had recently read about a new technique and immediately became excited about trying it. He explained to her that he had read an article in a magazine about a new technique called rebirthing. The new technique was being used in Europe to help people change their views about their relationships with their family. Joe said, "It is supposed to be really effective in almost wiping out your memory of your family; it is like hypnosis." "I would really like to try it on you today, what do you think?" Jill declined his offer and continued to talk about her family. Joe thought to himself that even though Jill said no, he was still going to try to hypnotize her as they talked because he thought she could benefit from the technique. Jill disclosed that she was raised in a traditional Asian American home with many cultural influences and culture-specific rules and behavior. Jill was struggling with balancing her individualism and her cultural heritage. Joe explained to her that because he was living and working in a rural community, mostly consisting of people of East European descent, he could not relate to Jill’s culture and the issues with which she was struggling. He apologized and explained that he was not required to study these cultural issues because of his geographical location. Jill moved on to talk about her depression. She began talking about feeling lonely and how it contributed to her depression. During a counseling session several months later, she revealed that she was attracted to Joe and would like a closer, intimate relationship with him. Joe, aware that he was also attracted to Jill, talked about his feelings toward her but explained that engaging in a relationship outside the established counseling relationship was unethical. He informed her that because of the mutual feelings of attraction, the counseling relationship would be ineffective and that he would refer her to another counselor for continued services. Jill agreed, and they terminated the couns.

1. Page 1 of 2
Ethics in Psychology
© 2013 Argosy University
Course Case Study 2
Joe, a thirty-five-year-old, male mental health counselor,
received a client referral, thirty-five-year-old Jill, from a
community counseling clinic. He began providing counseling
services to her. Jill's complaint was that she was unsatisfied
with her current job as a bank teller and was experiencing mild
anxiety and depression. Joe had been providing services to Jill
for three weeks when she disclosed that she was confused about
her sexuality because she experienced sexual attraction toward
some women. Joe immediately responded to Jill with wide eyes
and a shocked look. He told Jill that he was a traditional
Catholic, who felt that this type of feeling was immoral and
wrong. He informed her that she should avoid thinking about
this and pray for forgiveness. He also told her that he felt
uncomfortable talking about the issue any further. Jill continued
to talk to Joe about dealing with her family issues.
Joe had recently read about a new technique and immediately
became excited about trying it. He explained to her that he had
read an article in a magazine about a new technique called
rebirthing. The new technique was being used in Europe to help
people change their views about their relationships with their
family. Joe said, "It is supposed to be really effective in almost
wiping out your memory of your family; it is like hypnosis." "I
would really like to try it on you today, what do you think?" Jill
declined his offer and continued to talk about her family. Joe
thought to himself that even though Jill said no, he was still
going to try to hypnotize her as they talked because he thought
she could benefit from the technique. Jill disclosed that she was
raised in a traditional Asian American home with many cultural
influences and culture-specific rules and behavior. Jill was
struggling with balancing her individualism and her cultural

2. heritage. Joe explained to her that because he was living and
working in a rural community, mostly consisting of people of
East European descent, he could not relate to Jill’s culture and
the issues with which she was struggling. He apologized and
explained that he was not required to study these cultural issues
because of his geographical location.
Jill moved on to talk about her depression. She began talking
about feeling lonely and how it contributed to her depression.
During a counseling session several months later, she revealed
that she was attracted to Joe and would like a closer, intimate
relationship with him. Joe, aware that he was also attracted to
Jill, talked about his feelings toward her but explained that
engaging in a relationship outside the established counseling
relationship was unethical. He informed her that because of the
mutual feelings of attraction, the counseling relationship would
be ineffective and that he would refer her to another counselor
for continued services. Jill agreed, and they terminated the
counseling relationship. Later, she contacted him to continue
counseling and to discuss the referral. Joe agreed to meet her
that evening at a restaurant and bring her the referral
information. That night they began an intimate sexual
relationship. Joe never got around to providing the referral for
Jill even though he was aware of her ongoing state of
depression and anxiety. Joe stopped seeing Jill after a month of
intimate sexual encounters. Joe enjoyed the relationship but felt
guilty due to the unethical nature of the relationship. Because of
his continued concern about Jill's depression, Joe considered
going to his current clinical supervisor to discuss the case but
decided against it. This was because he and his supervisor were
good friends and he suspected his supervisor would be hurt by
knowing the real reason he had been cancelling get-togethers.
Joe decided to call Jill's boss at the bank to check on her and
see how she was doing. He called her boss and explained that he
had been counseling her for anxiety and depression and wanted
to check if she feeling fine. Her boss informed Joe that Jill had
quit her job and was in the county hospital undergoing

3. treatment for severe depression. Joe quickly hung up and
decided not to call or visit the bank again. After thinking it
over, Joe decided that general counseling might not be for him.
He decided to begin marriage and family therapy. He ordered
some business cards and advertised in the yellow pages. He
thought, “After all, I am a mental health counselor, and it can’t
be hard to counsel a couple. You don't need anything special. I
already have one degree, and that's enough!”
FINAL EXAMACCOUNTING 101ASECTION #14019FALL
SEMESTER 2014FINAL EXAMINATION-CHAPTERS 7-
13EACH QUESTION BELOW IS WORTH 10POINTS WITH
250 POINTS TOTAL SHOW HOW YOU COMPUTED
YOUR ANSWER ON ALL NUMERICAL QUESTIONS1.Name
three internal control procedures over
cash?a._______________________________________________
_____________4CH
7b.__________________________________________________
__________4c.________________________________________
____________________42.A company had accounts receivable
of $138,000 on 12-31-11 and $152,000 on 12-31-12. If its
accounts receivable turnover was 7.5 what was the amount of6
PTS.its credit sales for 2012?
$____________________________________________________
_5CH 8What does the accounts receivable turnover measure?
_____________________________________________________
_____________________________________53.What are the
two "timing differences" which occur when preparing a bank
reconciliation?6
PTS.a._______________________________________________
_____________5CH
7b.__________________________________________________
__________54.CH 13Describe a business event that would be
considered irregular in nature?
_____________________________________________________
_______________________________________2A company had

4. a 16% increase in sales from 2012 to 2013. If the sales for 2013
are $825,000, what was the dollar increase from the prior year?
$_________________________________2Current Assets are
35% of the total assets of a company. The stockholder's equity
is $440,000. $150,0000 of its liabilities are long term liabilites
which is 25% its total debt.What is the amount of this
company's noncurrent assets?
$____________________________________________________
________________________2____________________________
________________________________ is dividing components
of a company's income statement as a percentage of its total
sales.25.Indicate how each of the following situations would be
handled when preparing a bank reconcilation?a. Is added to the
book balance b. is subtracted from the book balanceCH 7c. Is
added to the bank statement balance d. is subtracted from the
bank statement balance______ A deposit in transit in the
amount of $2,0001______ An NSF check from a
customer1______ A bank error where a $500 deposit made by
another bank customer was posted to your company's account by
mistake1______ A check written for $4,500 which has not yet
been paid by the bank1______Bank service charges of
$30.0016.It takes a company on average 47 days to collect its
accounts receivable. Based on this what would be the
company's accounts receivable
turnover?5____________________________________________
________CH 8If the turnover rate was 2.5 times higher, how
many days would it take the company to collect its receivables?
_____________________________________________________
57.Which depreciation method presented in Chapter 9 is not
based on the "passage of
time?"_______________________________________________
_____________________________________________________
_____________________5CH 9Which method of depreciation
will result in the highest amount of total depreciation expense
over the life of the
asset?________________________________________________

5. _____________________________________________________
____________________58.When are bonds issued at a
premium?
_____________________________________________________
__________________________________3When are bonds
issued at a discount?
_____________________________________________________
________________3CH 10When are bonds issued at their face
value?
_____________________________________________________
______________39.Name two types of payroll taxes which
employers' must pay and treat as
expenses?a.___________________________________________
_____________________________________________________
_________________________5CH
10b._________________________________________________
_____________________________________________________
___________________510.Indicate what each of the following
financial analyis ratios measures or complete the formula for
the measurement belowa.Debt to Total Assets Ratio is a
measurement of
___________________________________________________1
CH 13b.Net Sales divided by Total Assets is the calculation
of___________________________________________________
_1c.Return On Assets
measures_____________________________________________
_____________1d.The Current Ratio
measures_____________________________________________
________1e.Profit Margin x
_______________________________________=Return On
Assets1f.Price Earnings Ratio equals
_______________________________ divided by EPS1g.Return
On Common Stockholder's Equity measures
_______________________________________________1h.Cas
h provided by Operating activities minus Capital Expenditures
minus Dividends paid =

6. ________________________________________1i.Times
Interest Earned Measures
________________________________________1j.Cash
Dividends divided by Net Income equals
______________________________________111.On 1-1-12 a
company issued $750,000 of bonds at a price of 96. The bonds
pay interest semiannually on 1-1 and 7-1 and will mature on 12-
31-2022.What will be the carrying value of these bonds on 1-1-
2017?
$____________________________________________________
_________5CH 10On 4-1-13 a company issued $650,000 of
bonds at a price of 103. The bonds pay interest semiannually on
4-1 and 10-1 and will mature on 3-31-2013.What will be the
carrying value of these bonds on 4-1-2023?
$____________________________________________________
___512.CH 13Dividend Payout Ratio=12% Return On
Assets=30% What is the net income
$_______________________________________5Total Assets
1/1/13=$730,000Total Assets-12/31/13=$470,000 What is the
amount of cash dividends paid out?
$_______________________________________513.A company
purchased a delivery truck for $45,000 which it will depreciate
using the double declining balance method. The truckwas
placed in service on 7-1-12 and has a $5,000 salvage value and
5 year useful life.CH 9a.How much depreciation will be taken
on the truck in 2012?
$____________________________________________5b.What
will be the book value of the truck on 12-31-13?
$________________________________________514.What
account and amount is missing from the following journal entry
related to the sale of equipment?Debit Cash for $62,000CH
9Debit Accumulated Depr; Equipment for
$20,000Credit_________________________________________
_______ for
$____________________________10CreditEquipment for
$75,000What account and amount is missing from the following

7. journal entry related to the sale of machinery?Debit Cash for
$40,000Debit Accumulated Depr; Machinery for $15,000Debit
________________________________________ for
$____________________________________10Credit
Machinery for $67,50015.Over how many years is a company
allowed to amortize research and development costs?
_____________________________________________________
_____________5Over how many years is a company allowed to
amortize goodwill?
________________________________________________5CH
916.A company retired some of its bonds and realized a loss
from the redemption of $7,500. They were called in for
$485,000. Based on this what was thecarrying value of the
bonds at the time of redemption?
$___________________________________________5CH 10A
company retired some of its bonds and realized a gain from the
redemption of $9,200. They were called in for $351,000.
Based on this what was thecarrying value of the bonds at the
time of redemption?
$___________________________________________517.A
company issued 7,000 shares of its $5 par value common stock
for $30 per share on 9-1-13. The entry to record this
transaction isDebit to
___________________________________________________
for $________________________________________3CH
11Credit to
__________________________________________________ for
$________________________________________3Credit to
__________________________________________________ for
$________________________________________318.A
company's current ratio is 1.70 to 1 and its current liabilities are
$85,000What is this company's current assets
$______________________________________ What is its
working capital?
$_______________________________________________10CH
10,1319.On 4-1-11 I purchased 3,000 shares of a company's

8. stock at $28 per share. On 11-1-13 when the stock was valued
at $60, there was a 3 for 1 stock split.104 PTS.How many shares
would I now own of the stock and how much will each be
worth? _____________________________________ shares
worth$____________________________ per share,20.I
purchased $60,000 of a corporation's bonds which will pay me
7% interest annually for 10 years. What would be the present
value of these interest payments I am to receive? (Use
Appendix D of the textbook to solve this)
_____________________________________________________
_________________1021.What are two of the advantages of
financing a corporation by selling bonds rather than issuing
stock?a.______________________________________________
_____________________________________________________
______________________5CH
10b._________________________________________________
_____________________________________________________
___________________522.A company has outstanding 5,000
shares of 7% cumulative preferred stock outstanding with a
$100 par value. It has paid no dividends in 2010 or2011. In
2012 the company's board of directors voted to pay dividends to
all shareholders based on the company's higher net income?
How much of theCH 11dividends declared must be paid out to
the preferred shareholders?
$____________________________________________________
______5How much of the dividends would be paid out to the
common stockholders of this company?
$_____________________________________________5Total
Paid Out=$145,00023.Accounting Terminology
Questions:a.Account which is used to balance out a petty cash
fund when the pay outs do not balance out to the cash on
hand?1CH 7-13b.The excess of the purchase price of a company
over the total of its net assets (Hint, where I sometimes shop for
clothes).1c.This method of depreciating long lived assets is one
that differs from that used in financial reporting but is
acceptable by the I.R.S.1d.The total amount of a company's

9. accounts receivable minus the allowance for doubtful
accounts.1e.Corporate stock which is repurchased by a
corporation.1f.Used to calculate the percentage change in a base
year amount to that of a current year.1g.A document which
pledges title to specific assets as security for a loan1h.The cost
of using borrowed funds1i.A financial measurement with cost of
goods sold in the numerator 1j.Money which is collected from a
customer prior to delivering a product or performing a
service124.The purpose of the following journal entryDebit to
Allowance for Doubtful Accounts for $XXXXXXCH 8Credit to
Accounts Receivable for
$XXXXXX___________________________________________
_____________________________________________________
_______________________5Using the
_____________________________________________________
_________________________ method the same entry would be
made5with a debit to Bad Debt Expense and a credit to
Accounts Receivable25.A company took out a $150,000 loan
with its bank on 1-1-13 which requires them to pay 5
installments of $30,000 plus accrued interest at the annual rate
ofCH 107% at the end of each year beginning on 1-1-14. On its
2013 year end (12-31-13) balance sheet how much of this loan
will be shown as acurrent liability?
$____________________________________________________
__2At 12-31-15 how much of this loan will be shown as a long
term liability?
$________________________________________________2Th
e adjusting entry required on 12-31-13 to record the accrued
interest on the loan would beDebit to
_____________________________________________________
_____ for
$__________________________________________2Credit to
_____________________________________________________
_____ for the same amount.1TOTAL 245 POINTS245
ANSWER SHEETACCOUNTING 101AE MAIL COMPLETED
EXAM TO [email protected]SECTION #14019FALL

10. SEMESTER 2014FINAL EXAMINATION-CHAPTERS 7-
13EACH QUESTION BELOW IS WORTH 10POINTS WITH
250 POINTS TOTAL SHOW HOW YOU COMPUTED
YOUR ANSWER ON ALL NUMERICAL
QUESTIONS1.AEstablishment of Responsibility4CH 7B
Segregation of Duties4C Documentation Procedures42.CREDIT
SALES = $56 PTS.WHAT DOES A/R TURNOVER
MEASURE?5CH 83.6 PTS.ADeposits in5CH 7BTransit54.CH
13TYPE OF IRREGULAR BUSINESS EVENT IS:2DOLLAR
INCREASE IN SALES IS $2NONCURRENT ASSETS ARE
$2DIVIDING COMPONENTS OF INCOME STATEMENT BY
AMOUNT OF TOTAL SALES IS 25.EFFECT ON BANK
RECONCILIATION (CHOOSE A,B,C OR D)CH
71A12B13D14B15D16.ACCOUNTS RECEIVABLE
TURNOVER IS
_______________________________________5CH 8IF 1.5
TIMES HIGHER NUMBER OF DAYS TO COLLECT WOULD
BE57.DEPRECIATION METHOD NOT BASED ON TIME
PASSAGE IS:5CH9DEPRECIATION METHOD RESULTING
IN HIGHEST EXPENSE OVER LIFE OF THE ASST
IS:58.WHEN ARE BONDS ISSUED AT A PREMIUM?3CH
10WHEN ARE BONDS ISUED AT A DISCOUNT?3WHEN
ARE BONDS ISSUED AT FACE VALUE?39.TWO TYPES OF
EMPLOYER PAYROLL TAXESCH 10A5B510.FINANCIAL
ANALYSISCH 13AMEASUREMENT OF1BCALCULATION
OF1CMEASURES1DMEASURES1EPROFIT MARGIN TIMES
_______________________
=ROA1F________________________________ DIVIDED BY
EPS1GMEASURES1HCASH PROVIDED BY O/A-CAPITAL
EXPENDITURES-DIVIDENDS PAID=1IMEASURES1JCASH
DIVIDENDS DIVIDED BY NET INCOME=-111.ACARRYING
VALUE OF $500,000 FACE VALUE BONDS6CH
10BCARRYING VALUE OF $600,000 FACE VALUE
BONDS612.CH 13AWHAT IS NET INCOME?2BHOW MUCH
CASH DIVIDENDS WERE PAID OUT?213.AYEAR 2012
DEPRECIATION EXPENSE IS $5CH 9BBOOK VALUE ON 12-

11. 31-13 IS $514.AMISSING CREDIT IS TO WHAT
ACCOUNT?CH 9BAMOUNT OF MISSING CREDIT IS
$5AMISSING DEBIT IS TO WHAT ACCOUNT?5BAMOUNT
OF MISSING DEBIT IS $15.YEARS ALLOWED TO
AMORTIZE RESEARCH AND DEVELOPMENT COSTS?5CH
9HOW MANY YEARS ALLOWED TO AMORTIZE A
PATENT?516.CARRYING VALUE OF BONDS AT TIME OF
REDEMPTION IS $5CH 10CARRYING VALUE OF BONDS
AT TIME OF REDEMPTION IS $517.CH 11DEBIT TO
ACCOUNT (TITLE)5FOR $5CREDIT TO ACCOUNT
(TITLE)5FOR $5CREDIT TO ACCOUNT (TITLE)5FOR
$18.AAMOUNT OF CURRENT ASSETS IS $5CH 10,
13BAMOUNT OF WORKING CAPITAL IS $519.AHOW
MANY SHARES WOULD I HAVE5CH 11BHOW MUCH
WOULD EACH BE WORTH $520.CH 10, APP DPRESENT
VALUE OF INTEREST PAYMENTS IS $1021.ADVANTAGES
OF BOND FINANCING OVER ISSUING STOCKCH
10,11A5B522.AAMOUNT OF DIVIDENDS PAID TO
PREFERRED SHAREHOLDERS IS $5CH 11BAMOUNT OF
DIVIDENDS PAID TO COMMON STOCKHOLDER IS
$523.ACCOUNTING TERMINOLOGY QUESTIONSCH 7-
13A1B1C1D1E1F1G1H1I1J124.APURPOSE OF JOURNAL
ENTRY IS:CH 8BTHE METHOD DESCRIBED
IS:25.AAMOUNT SHOWN AS CURRENT LIABILITY AT 12-
31-13 IS $2CH 10BAMOUNT SHOWN AS LONG TERM
LIABILITY AT 12-31-15 IS $2CDEBIT IS TO WHICH
ACCOUNT? 2DAMOUNT OF DEBIT IS $2ECREDIT IS TO
WHICH ACCOUNT?2TOTAL 245 POINTS245
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