List the “cautions” of Kant’s perspective.
What will be an ideal response?
Exceptions exist to nearly every “universal” law. Moral obligations may conflict with one
another. Ethical guidelines are demonstrated through unrealistic examples. Hard to apply,
particularly under stress.
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This year, Game Co took advantage of market conditions to refund its outstanding debt. Game should report the excess of the carrying amount of the old debt over the amount paid to extinguish it as a(n)
A) deferred credit to be amortized over life of new debt. B) part of continuing operations. C) extraordinary item, net of income taxes. D) prior period adjustment.
When closing overapplied manufacturing overhead to Cost of Goods Sold, which of the following would be true?
A. Cost of Goods Sold will increase. B. Work in Process will decrease. C. Net income will decrease. D. Gross margin will increase.
Hardwig Inc. Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales are expected to total $3,600,000, its fixed assets turnover ratio equals 4.0, and its debt and common equity are each 50% of total assets. EBIT is $150,000, the interest rate on the firm's debt is 10%, and thetax rate is 25%. If thecompanyfollows a restricted policy, its total assets turnover will be 2.5. Under a relaxed policy its total assets turnover will be 2.2. Refer to the data for Hardwig, Inc. What's the difference in the projected ROEs under the restricted and relaxed policies?
A. 1.50% B. 1.88% C. 2.25% D. 2.70% E. 3.24%
The reason why maximizing share value and maximizing EPS do not give the same optimal capital structure is because ________
A) EPS maximization does not consider risk B) share value maximization does not consider risk C) EPS maximization considers cash flows D) EPS maximization does consider risk