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Point 1: 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 everything 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.
What are the Day Op Suite's total expenses? What are the Cystoscopy Department's total expenses? What are the Endoscopy Department's total expenses?
HI5020 Corporate Accounting - Qualifications and experiences that employers seek from Corporate Accountants - How many job advertisements you have collected.
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Thread: The world of finance teaches that borrowing money can be a high-risk, high-reward option. Scripture has some passages that seem to clearly warn people to be cautious about getting into debt. What are some of the natural consequences of borrow..
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The beginning work in process inventory was $20,000 and the ending work in process inventory was $11,000. What was the cost of goods manufactured for the month?
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