Socialized medicine would be criticized the most under which of the following ethical guidelines?
A) utilitarianism
B) individualism
C) the justice approach
D) the rights approach
B
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The following is summary of information presented on the financial statements of a company on December 31, 2017 Account 2017 2016 Current Assets $68,000 $51,000 Accounts Receivable 83,000 78,000 Merchandise Inventory 52,000 45,000 Current Liabilities 77,000 53,000 Long-term Liabilities 34,000 51,000 Common Stock 51,000 42,000 Retained Earnings 41,000 28,000 Net Sales Revenue $526,000 $504,000 Cost of Goods Sold 400,000 398,000 Gross Profit $126,000 $106,000 Selling Expenses 50,000 51,000 Net Income Before Income Tax Expense $76,000 $55,000 Income Tax Expense 30,000 $16,900 Net Income $46,000 $38,100 With respect to current liabilities, a horizontal analysis reveals ________.
A) that current liabilities are 37.93% of total equity B) a 45.28% increase in current liabilities C) a current ratio of 0.88 D) a 31.17% increase in current liabilities
Which of the following statements is NOT true regarding MNEs when compared to purely domestic firms?
A) MNEs tend to rely more on short and intermediate term debt. B) MNEs have greater foreign exchange risk. C) MNEs have greater costs of asymmetric information. D) MNEs have higher agency costs.
Your dad said that he was curious to know why there is so much fluctuation in the value of common stocks. In 1997 the prospects for Sun Industries became more uncertain and investors began to view it as a more risky investment than they had previously
To compensate for this added risk, investors increased their required rate of return on Sun Industries stock, resulting in a decline in its market value. This explains the factor of A) earnings growth and stock valuation. B) interest rates and stock valuation. C) risk and stock valuation. D) supply and demand. E) dividend strength and stock valuation.
Magno Cereal Corporation uses a standard cost system for its "crunchy pickle" cereal. The materials standard for each batch of cereal produced is 1.4 pounds of pickles at a standard cost of $3.00 per pound. During the month of August, Magno purchased 78,000 pounds of pickles at a total cost of $253,500. Magno used all of these pickles to produce 60,000 batches of cereal. What is Magno's materials quantity variance for August?
A. $54,000 Unfavorable B. $18,000 Favorable C. $19,500 Unfavorable D. $1,500 Unfavorable