Answer:
The large of a sales increase can the company achieve without having to raise funds externally is $81,784
Explanation:
In order to calculate How large of a sales increase can the company achieve without having to raise funds externally we would have to calculate the following:
sales increase=Sales*growth rate
Sales=$2,000,000
growth rate=(Profit Margin * Retention ratio * Sales) /( Total year end Assets - Accounts payable - Accrued liabilities) - (Profit Margin * Retention ratio * Sales)
growth rate= (0.05 * 0.35 * 2,000,000 ) / (1,700,000 - 200,000 - 100,000) - ( 0.05 * 0.55 x 2,000,000)
growth rate=$55,000/$1,345,000
growth rate=4.089%
Therefore, sales increase=$2,000,000*4.089%
sales increase=$81,784
The large of a sales increase can the company achieve without having to raise funds externally is $81,784
Answer:
Bribery in the world of business typically happens when an organization or representative of an organization gives financial benefits to an official to gain favor or manipulate a business decision - True.
Bribery is the giving or offering of items of value (especially money) to a government official in exchange for favorable treatment. Bribing is unethical and illegal, but it is common practice in many countries, so common that it is expected.
The Foreign Corrupt Practices Act was implemented in the aftermath of disclosures that businesses were violating the IMA Code of Ethics - True.
In the seventies, U.S. Government investigations found that hundreds of U.S. companies operating abroad had turned to bribery in order to gain the favor of foreing officials. This conduct is related to the statement explained above: bribery is pervasive in many countries around the world.
Managers are required to follow specific rules issued by the IMA for internal financial reporting. - False.
The IMA Code of Ethics does not provide specific rules for financial reporting (these specific rules are found instead either in the Generally Accepted Accounting Principles (GAAP) or in the or in the International Financial Reporting Standards (IFRS)).
The IMA Code of Ethics instead provides principles, or ethical guidelines, to be followed by participants in the management accounting profession.
Ethics is more than obeying laws - True.
Ethics goes beyond what is legally right, and is more related to what is morally right. An ethical person should do the right thing even if there is no legal code explicitely telling him to do so.
The Sarbanes-Oxley Act addressed public company accounting reform. - True
This act added requirements for public accounting firms, and included legal penalties including possible jail time for certain types of misconduct. The Act was enacted following major accounting scandals such as Enron.
When this behavior is observed to impede discussions in school and the off-task behavior is impairing with the performance of the child. it might be wise to conduct an observational analysis on the child's behavior because these might be indicators of neurodevelopmental disorders or other related conditions such as conduct disorder.
The highest price for the stock is $22.00.
<u>Explanation</u>:
<u>Given</u>:
- Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.
- The cash flow ratio for the company is 11.
<u>Solution</u>:
For one stock the cash flow ratio is 11.
Then the highest price we should pay is $22.00.
So we should pay $22.00 for one stock.
Therefore the highest price we should pay for the stock is $22.00
Answer: 0.5 making the demand for gas to be inelastic in this range.
Explanation:
The price elasticity of demand is calculated as:
= % change in quantity demanded / % change in price
= 15% / -30%
= -0.5
Based on the above calculation, we can see that the elasticity of demand equals to 0.5. Since, it is less than 1, it is said to be inelastic.
