Answer the following statements true (T) or false (F)
1) The teleological approach to ethics is also referred to as a rule-based theory.
2) Virtue ethics focuses upon 'doing' rather than 'being'.
3) One advantage of virtue ethics is that there is general agreement as to what constitutes a virtue.
4) Utilitarianism is one form of rule-based theories.
5) The 'greatest good for the greatest number' is a feature of consequentialist theories.
1) FALSE
2) FALSE
3) FALSE
4) FALSE
5) TRUE
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The management of Hamano Corporation would like for you to analyze their repair costs, which are listed below: Machine-Hours Repair CostsApril2145? $33,099? May2174? $33,117? June2131? $33,094? July2208? $33,117? August2116? $33,027? September2224? $33,181? October2142? $33,068? November2219? $33,154? ?Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:
A. $0.80 per machine-hour plus $31,875 per month B. 15.04 per machine-hour plus $33,839 per month C. $1.02 per machine-hour plus $30,900 per month D. $1.29 per machine-hour plus $30,309 per month
A shareholder is permitted to submit a resolution to be considered by other shareholders only if he or she ________
A) owns at least one percent of all shares of the company B) owns at least $1,000 worth of shares of the company's stock C) has served as a former member of the company's board of directors D) has owned shares of the company of any amount for longer than five years
Which of the following statements regarding the information disclosed in financial statements is incorrect?
A. Some information disclosed in financial statements may be irrelevant to some users. B. Financial statements should be detailed enough to answer any financial-related question an investor might have. C. The costs of providing all possible information about a firm would be prohibitively high for the business. D. When too much information is presented users may suffer from information overload.
The statement of retained earnings for Redwood Systems Ltd. shows a retained earnings balance of $300 million on December 31, 2016. In 2016, Redwood had a net income of $60 million and the firm had paid dividends of $20 million to its stockholders. What was the beginning balance of retained earnings for Redwood on January 1, 2016??
A. ?$300 million B. ?$260 million C. ?$380 million D. ?$340 million E. ?$220 million