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Sact Creek Company's most recent financial statements showed dismal performance. There was a net loss of $10,000 and the statement of cash flows showed a net cash decrease in all categories. The company president called all the managers together and asked them to do all they could to make sure the next quarter's performance was better. Ted Flay, manager of the manufacturing division, sold off old manufacturing equipment. He also reclassified several workers to part time (30 hours per week) and hired additional temporary workers to take up the slack. This saved the company money, since part-time workers do not have the same insurance and other benefits as full-time workers. Will Smith, financial manager, immediately suspended payments on all accounts except those on which interest would accrue. He also instituted aggressive collection procedures. To receive full credit, answer all:
Question 1. Were Ted Flay's actions ethical? Explain.
Question 2. Were Will Smith's actions ethical? Explain.
Question 3. Were the company president's actions ethical? Explain.
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northcentral university comprehensive exam cmp9400b question 2 practical application ltbrgt ltbrgt ltbrgt your
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Annie died in 1985. Alfonso died in 1969, leaving his interest in the property to his wife, Maria. What interest did Maria own in the property when she died in 1981?
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