High-profile ethical meltdowns such as Enron and WorldCom have forced the Federal government to pass legislation demanding transparent financial management and more accountability from senior executives.

True

False

On jan 1, 2013, a company balance in retained earnings was $10,000,000. at dec 31, 2013 the balance in retained earnings was $9,400,000. if the company earned net income of $444,000 during the year, how much were dividends

Tortilla Corp. has provided a part of its budget for the second quarter: Apr May JunCash collections $40,000 $40,000 $42,000Cash payments: Purchases of direct materials 7,200 7,000 4,500Operating expenses 7,000 7,000 Capital expenditures 10,000

What business messages are better organized directly, and which is better organized indirectly?

When managers disregard ethical concerns, the likely result is:?

Which of the following is true regarding the insurance amount in a credit life policy? AThe amount of coverage can be greater than the amount owed. BCreditor can only insure the debtor for the amount owed.

Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.

In January the company produced 4,400 units using 10,180 pounds of the direct material and 2,160 direct labor-hours. During the month, the company purchased 10,750 pounds of the direct material at a cost of $76,630.

The business judgment rule has been replaced by good faith statutes in most states. True or False

Replace present refrigerators with similar refrigerators at a cost of $20 x 106. Option 2. Replace present refrigerators with lake-source cooling at a cost of $50 x 106. However, the lake-source cooling would save 1.

For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;