In 2001, Nike admitted that it used child labor to produce its expensive sportswear products while paying the children just pennies a day. In doing so, Nike ______.
A. deprived some children of the opportunity to have a childhood as in developed economies
B. provided society with opportunities to have a more educated population
C. created new consumers with the ability to purchase products and services
D. showed it was being socially responsible
A. deprived some children of the opportunity to have a childhood as in developed economies
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Appropriation of retained earnings has been used primarily to limit the availability of retained earnings for paying stockholders' dividends
a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?
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What will be an ideal response?
Herbert Engineering is issuing new 22-year bonds that have warrants attached. If not for the attached warrants, the bonds would carry a 10.3% annual interest rate. However, with the warrants attached the bonds will pay a 6.3% annual coupon. There are 30 warrants attached to each bond, which has a par value of $1,000. What is the value of the straight-debt portion of the bonds? Do not round your intermediate calculations.
A. $558.10 B. $656.58 C. $623.75 D. $689.41 E. $525.27