Which of the following statements best illustrates the view of "utilitarianism"? I. From each according to his abilities, to each according to his needs. II. The risk reasonably to be perceived defines the duty to be obeyed and risks imports relation; it is risk to another or to others within the range of apprehension. III. An action is right when maximizing welfare and total well-being. IV
Individuals should pursue his or her own self-interest, even at the expense of others.
a. I only
b. III only
c. I and II
d. I, II, and III
B
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Answer the following statement true (T) or false (F)
A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals:
A. 20.8%. B. 20.0%. C. 24.0%. D. 4.8%. E. 5.0%.
Dane Company has a break-even point of 120,000 units. If the firm's sole product sells for $40 and fixed costs total $480,000, the variable cost per unit must be:
A. $44. B. $36. C. $4. D. an amount that cannot be derived based on the information presented. E. an amount other than $4, $36, or $44, but one that can be derived based on the information presented.