Deon received a holiday gift from a company supplier. He estimated the value of the gift at $25. He was not sure he could ethically accept the gift, so he reviewed company policy and discussed the matter with his boss. Then, using the relativism approach to decision making, Deon
A. made a decision based upon his individual self-interest.
B. was influenced by guidance from other resources and respected people.
C. weighed the ethical issues relative to practical issues.
D. weighed the ethical issues relative to financial issues.
E. weighed the ethical issues relative to internal "political" issues.
Answer: B
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Almost all current liabilities appear within the ___________________ Activities category of the Statement of Cash Flows
Fill in the blank(s) with correct word
Nonsystematic risk factors would include all of the following except:
a. the sustainability of the firm's strategy b. the firm's ability to generate revenue growth c. the firm's ability to control expenses d. unemployment levels
Avery Inc would like to prepare a summary cash budget for June. The following information is available: · The cash balance at June 1 was estimated to be $6,000. · June sales, all on account, were estimated to be $75,000. Sales are collected over a two-month period with 60 percent collected in the month of sale and the remainder in the subsequent month. May sales on account were $70,000. ·
Inventory purchases are expected to be $50,000 in June. The company pays for one-half of inventory purchases in the month of purchase and the remainder in the subsequent month. May purchases were $60,000. · Cash disbursements for selling and administrative expenses are expected to be $9,000 in June. · Depreciation expense for June is expected to be $3,000. What is the cash balance at the end of June expected to be? A) $15,000 B) $12,000 C) $26,000 D) $29,000
"Piercing the corporate veil" will result in personal liability of shareholders
a. True b. False Indicate whether the statement is true or false