The safest and simplest conflict of interest policy for purchasing agents is to accept nothing from suppliers
Indicate whether the statement is true or false
TRUE
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During 2010, Heckart Corporation had sales of $250,000, net income of $25,000, average total assets of $350,000, dividend payments of $17,500, net cash flows from operating activities of $35,000, purchases of plant assets of $37,500, and sales of plant assets of $45,000 . Free cash flow equals
a. $17,500. b. $42,500. c. $10,000. d. $25,000.
A local retailer calls its customers when it receives merchandise that they may be interested in, provides individual service to each customer, provides forms and phone numbers for complaints and comments, and has a 100 percent satisfaction guarantee. Which objective is this business working hard to accomplish?
A. Making a profit B. Achieving low employee turnover C. Satisfying the needs of its customers D. Increasing the owner's wealth E. Keeping up with the current technology
When the net present value is negative, the internal rate of return is ________ the cost of capital.
A) greater than B) greater than or equal to C) less than D) equal to
Which of the following best distinguishes an opportunity cost from an outlay cost?
A. Opportunity costs have very little utility in practical applications, whereas outlay costs are always relevant.
B. Opportunity costs are recorded, whereas outlay costs are not.
C. Opportunity costs are sacrifices from foregone alternative uses of resources, whereas outlay costs are cash outflows.
D. Outlay costs are speculative in nature, whereas opportunity costs are easily traceable to products.