A procedure which can be used to assess the moral health of a corporation is the:
A) Social audit. B) Corrupt practices inventory.
C) Valdez checkup. D) Minimum moral assessment.
A
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Exhibit 20-4 On January 1, 2016, Average Leasing Company entered into a direct financing lease with a lessee, Lenny Company. The lease agreement calls for five equal annual payments of $75,000 at the beginning of each year with the first payment due on January 1, 2016. The leased property has an estimated residual value of $10,000, which Lenny does not guarantee. The property remains the property
of Average at the end of the lease term. Average desires a 12% rate of return. Present value factors for a 12% interest rate are as follows: Present value of $1 for n = 1 0.892857 Present value of $1 for n = 5 0.567427 Present value of an ordinary annuity for n = 5 3.604776 Present value of an annuity due for n = 5 4.037349 ? Refer to Exhibit 20-4. Given the structure of the lease, the payments, and the residual value information, what is General's net investment in the lease during 2017 (round the answer to the nearest dollar)? A) $248,475 B) $158,475 C) $186,492 D) $264,137
Which of the following statements about employee rights is true?
A. Employee rights are based on what the employer deems is fair and equitable. B. Privacy is only an employee right with private firms not public entities. C. The terminate-at-will rule first came about during a 1940 court case. D. Reciprocity is an employee right guaranteed by federal laws. E. Cooperative acceptance is an employee right referring to fair treatment.
On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $10,087 every six months. The life of these bonds is:
A. 32 years B. 26.5 years. C. 15 years. D. 35 years. E. 30 years.
Description buying is most appropriate for _____
a. breakable, perishable, or expensive items b. standardized, nonbreakable, and nonperishable merchandise c. jewelry and art works d. nonstandardized, breakable, and perishable merchandise