Mary owns her own business and has just attended a cash flow management seminar where it
was suggested the businesses should delay paying their suppliers as long as absolutely possible
even if doing so violates the stated payment terms.
Mary decides to continue paying her
suppliers on time in accordance with their payment terms because Mary would like her
customers to pay her on time. Mary has reached her decision in accordance with:
A) Utilitarianism. B) Ethical relativism.
C) Kantian ethics. D) Ethical fundamentalism.
C
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The interest coverage ratio equals
A) income before income taxes minus interest expense divided by income before income taxes. B) income before income taxes minus interest expense divided by interest expense. C) income before income taxes plus interest expense divided by interest expense. D) income before income taxes plus interest expense divided by total assets.
According to Robert L. Katz, managers need to have technical, human, and conceptual skills.
Answer the following statement true (T) or false (F)
Which of the following formulas is used to calculate the cost per equivalent unit of production (EUP) for direct materials? The weighted-average method is used
A) Cost per EUP for direct materials = Total conversion costs / Equivalent units of production for direct materials B) Cost per EUP for direct materials = Total direct materials costs / Equivalent units of production for direct materials C) Cost per EUP for direct materials = Total transferred in costs / Equivalent units for transferred in D) Cost per EUP for direct materials = Total direct materials costs / Equivalent units of production for conversion costs
You invest $13,420 in an annuity contract that earns 8% interest, compounded annually. You are to receive annual payments for the next ten years. How much will each of the payments be? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.)
A. $1,459 B. $2,000 C. $1,342 D. $1,449