Lisa is pondering the construction and operation of a home-based cattery. She expects it will cost $25,000 to construct and will have a lifespan of four years before it collapses due to faulty construction and ammonia rot
Cash flows during those four glorious years are estimated as follows:
Year Inflow Outflow
1 10,000 3,000
2 12,000 4,000
3 13,000 5,000
4 10,000 6,000
If the interest rate is 5%, what is the present value of the cattery project?
A) 8,522
B) 8,823
C) 9,124
D) 9,625
C
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Which of the following questions about a proposed action is NOT a key question in Bagley's ethical decision tree?
A. Is it legal? B. Does it maximize shareholder value? C. Is it ethical? D. Would it be ethical not to do it? E. Should the effect of it be disclosed to shareholders?
Which of the following statements is accurate regarding research on cynicism in organizations?
A. Cynical employees tend to be positive about their workplace when they have a supportive manager. B. Cynical employees tend to be even more cynical when they have a supportive manager. C. Cynical employees tend to be more committed and satisfied than other employees. D. Cynical employees tend to have higher rates of unethical behavior than other employees.
Which of the following questions would most likely be asked by a person at the principled level of moral development?
A. What does my family want me to do? B. What can I get away with? C. What does society expect from me? D. What am I legally required to do? E. What is the right thing to do?
When preparing the statement of owner's equity, the beginning capital balance can always be found
A) in the Income Statement columns of the work sheet B) in the statement of cash flows C) in the general ledger D) in the Balance Sheet columns of the work sheet