Falco Industries may want to use the net realizable value method of allocating joint costs because it manufactures many products that are processed further after the split-off point and will be sold for a much higher price after the additional processing.

According to the text, ________ is the most customized sales presentation method.

A) formula
B) problem-solution
C) memorized
D) stimulus response
E) need-satisfaction

Which statement about depreciation is true?

A) The more depreciation a firm reports, the higher its tax bill, other things held constant.
B) Depreciation reduces a firm's cash balance, so an increase in depreciation would normally lead to a reduction in the firm's net cash flow.
C) Net Cash Flow = Net Income + Depreciation and Amortization Charges.
D) Depreciation and amortization are not cash charges, so neither has an effect on a firm's reported profits.

The main emphasis of the justice view of ethical behaviour is

A) assessing the implications of a decision in terms of its long-term personal consequences.
B) promoting honesty and integrity.
C) ensuring that people's rights are protected and respected.
D) evaluating a decision on the basis of its impartiality and fairness.
E) ensuring that the greatest number of people benefit to the greatest extent possible.

Emerald Inc. sponsors a corporate outing for its employees annually wherein employees participate in activities such as scavenger hunts and laser tag. This scenario illustrates that Emerald Inc. is using outdoor challenges to:

A) improve leadership skills.
B) improve team building.
C) obtain employee feedback.
D) improve role negotiation skills.

The board of directors of Les Corporation is considering two plans for financing the purchase of new plant equipment. Plan #1 would require the issuance of $5000000 6% 20-year bonds at face value. Plan #2 would require the issuance of 100000 shares of $5 par value common stock which is selling for $50 per share on the open market. Les Corporation currently has 100000 shares of common stock outstanding and the income tax rate is expected to be 35%. Assume that income before interest and income taxes is expected to be $500000 if the new factory equipment is purchased.
Instructions
Prepare a schedule which shows the expected net income after taxes and the earnings per share on common stock under each of the plans that the board of directors is considering.

Planning is the process of developing the company's objectives or goals and translating these objectives into courses of action.