Answer the following statements true (T) or false (F)
1. In concession bargaining, economic pressures push unionized workers to give up gains they have made in wages, benefits, and work rules.
2. Over the past 40 years, the earnings gap between educated and uneducated workers has declined.
3. The ethical perspective that is most closely aligned with mainstream economic values of welfare maximization is the utility perspective.
4. The ethical perspective that emphasizes individual duty or responsibility to respect human dignity over other goals (such as profit maximization) is known as Rawlsian justice.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
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Nexis Corp issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are made to:
a. Common Stock, $15,000, and Paid-In Capital in Excess of Par, $7,000 b. Common Stock, $22,000, and Retained Earnings, $15,000 c. Common Stock, $7,000, and Paid-In Capital in Excess of Stated Value, $15,000 d. Common Stock, $22,000
Sketch a basic material flow map for the sandwich ordering and preparation process at a custom sandwich shop (e.g., Subway). Be sure to include enough detail to clearly describe the flow of material.
What will be an ideal response?
Al, an accountant, has a tax service and accounting business in Redwood City. He decides to move to Center City, which is 150 miles away and sells his accounting practice to Able and Baker, a CPA firm. In the sale contract, he agrees that he will refrain from practicing accounting anywhere within a 60-mile radius of Redwood City for a period of two years. However, on weekends he returns to his
house in Redwood City, and when clients call him, he meets with them in his home. In this case: a. Al is in violation of the sale agreement, which contained restrictions that would probably be held to be valid. b. the agreement is invalid, because it is an illegal restraint on trade. c. the agreement is illegal, because it is a violation of public policy. d. the two-year provision is likely to be held invalid, because it is too long a period of time.
The Modigliani and Miller original proposition II states that the value of the firm depends on three things: the required rate of return on the firm's assets, the firm's cost of debt, and the firm's debt-to-equity ratio
Indicate whether the statement is true or false.