Conflict of interest, dishonesty, and unfairness are examples of _______________.
a. unethical behavior
b. fixed mindset
c. negative attitude
d. poor employee performance
a. unethical behavior
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A corporation issues for cash $9,000,000 of 8%, 30-year bonds, interest payable semiannually. The amountreceived for the bonds will be
a. present value of 60 semiannual interest payments of $360,000, plus present value of $9,000,000 to be repaidin 30 years b. present value of 30 annual interest payments of $720,000 c. present value of 30 annual interest payments of $360,000, plus present value of $9,000,000 to be repaid in30years d. present value of $9,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of$360,000
Latin American reforms show a broad shift away from the policy of protectionism toward recognition of the benefits of participating fully in the global economy
Indicate whether the statement is true or false
Under the par value method of accounting for treasury stock, the treasury stock is reported on the balance sheet as a deduction from
A) the sum of contributed capital, other comprehensive income, and retained earnings. B) retained earnings. C) capital stock. D) contributed capital.
Parr Corporation makes three products, X, Y, and Z. Expected overhead costs for the coming year include:
Parr uses direct labor hours as the cost driver to allocate overhead costs. Budgeted direct labor hours for each product are:Product X, 15,000 direct labor hoursProduct Y, 10,000 direct labor hoursProduct Z, 5,000 direct labor hoursRequired:1) Determine the amount of manufacturing overhead that should be allocated to each of the three products.2) Assume that each unit of Product X requires $40 in direct materials and 3 direct labor hours at a rate of $15 per hour. Calculate the budgeted or expected cost of each unit of X.
What will be an ideal response?