Kant believes so long as you do the right thing, it does not matter what your reasons were
Indicate whether the statement is true or false
FALSE
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On October 31, 2018, Sterling Construction Company entered into a credit agreement with Comerica Bank. The following appeared among the agreement's financial covenants: "Commencing with the fiscal quarter ending December 31, 2018, maintain as of the end of each fiscal quarter a Fixed Charge Coverage Ratio of not less than 1.25 to 1.00." The credit agreement also contained a "definitions" section where this item was listed: " 'Fixed Charge Coverage Ratio' shall mean as of any date of determination a ratio the numerator of which is EBITDA for the Applicable Measuring Period, minus cash taxes and cash tax distributions with respect to such period and the denominator of which is the sum of Current Maturities of Long Term Debt plus interest paid during the trailing twelve month period, plus
twenty-five percent (25%) of the daily average total non-amortizing debt during the trailing twelve month period."Required:a. What is a minimum fixed charge coverage ratio and what purpose does it serve in the company's loan agreements?b. Why is it necessary for the loan agreement to precisely define "Fixed Charge Coverage Ratio?" What will be an ideal response?
What is the term for the strategy used in restaurants through which guests get a view of the kitchen or other parts of the establishment?
a. micro-merchandising b. sight lines c. servicescapes d. closeness desirability
Which of the following represents a reason for globalizing operations?
A) to improve the supply chain B) to improve operations C) to expand a product's life cycle D) to attract and retain global talent E) all of the above
Everything else equal, if the United States runs a large foreign trade deficit, the financing of the deficit will:
A. decrease sales of Treasury securities. B. increase interest rates. C. increase government subsidies. D. increase the money supply. E. decrease tax revenue.