What is an ethics ombudsperson?
What will be an ideal response?
An ethics ombudsperson is an official given the responsibility of corporate conscience who hears and investigates ethical complaints and informs top managers of potential ethical issues.
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Conversion of inputs to outputs is recorded in the
a. Work in Process Inventory account. b. Finished Goods Inventory account. c. Raw Material Inventory account. d. both a and b.
It is necessary for a company to use the same depreciation method for all of its depreciable assets
Indicate whether the statement is true or false
An example of intrapersonal communication is:
a. Sending an e-mail to a friend b. Thinking about the answer to this question c. Writing a memo to employees d. Producing a television commercial e. Wishing your grandmother a happy birthday
A company currently sells 75,000 units annually. At this sales level, its EBIT is $4 million, and its degree of total leverage is 2.0. The firm's debt consists of $15 million in bonds with a 9.5% coupon. The company is considering a new production method which will entail an increase in fixed costs but a decrease in variable costs, and will result in a degree of operating leverage of 1.375. The president, who is concerned about the stand-alone risk of the firm, wants to keep the degree of total leverage at 2.0. If EBIT remains at $4 million, what dollar amount of bonds must be retired to accomplish this? Donotroundintermediatecalculations.
A. $2,118,421.05 B. $1,381,578.95 C. $1,842,105.26 D. $1,528,947.37 E. $2,192,105.26