Alice is a secretary in your department. Alice is also a member of the American Guild of Organists. Alice has been placed in charge of the Guild's national convention. Each time you pass by Alice's desk or go to her to have some work done, you notice she is on the phone discussing or working on the convention. Alice's work on the convention during work hours is an ethical violation
Indicate whether the statement is true or false
TRUE
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The basic negotiator's dilemma is to how negotiators can satisfy both the constituency's demands for firmness and the other party's demand for concessions.
Answer the following statement true (T) or false (F)
Refer to the following selected financial information from McCormik, LLC. Compute the company's acid-test ratio for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 3.05. B. 1.98. C. 2.26. D. 1.88. E. 2.95.
Business wanting to know the duty (tax) imposed by customs on their product should consult:
a. the Federal Register b. the International Convention on the Sale of Goods c. the National Brands Weekly d. the Internal Revenue Code e. none of the other choices
Octet Corporation placed a small storage building in service in 2002. Octet's original cost for the building is $800,000 and the cost recovery deductions are $300,000. This year the building is sold for $1,100,000. The amount and character of the gain are
A) ordinary gain of $60,000 and Sec. 1231 gain of $540,000. B) ordinary gain of $300,000 and Sec. 1231 gain of $300,000. C) ordinary gain of $600,000. D) Sec. 1231 gain of $600,000.