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Author Question: The manager of Golden Ray Corporation receives a bonus if company profits exceed 1,000,000 this ... (Read 339 times)

jeatrice

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on: Jul 11, 2018
The manager of Golden Ray Corporation receives a bonus if company profits exceed 1,000,000 this year.
 
  During the final week of the year, the manager changes an accounting policy that will increase reported profits
  from 950,000 to 1,025,000, triggering his bonus. The change in profits of 75,000 will reverse itself in the next
  year, and the accounting change has no impact on Golden Ray's cash flow. Discuss the above situation as it
  relates to both an agency problem and efficient markets.

Question 2

Which of the following goals are in the best long-term interest of shareholders?
 
  A) Profit maximization
  B) Risk minimization
  C) Maximizing the market value of the existing shareholders' common stock
  D) Maximizing sales revenue
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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ebenov

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Reply #1 on: Jul 11, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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iii

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Reply #2 on: Jan 3, 2023
thank you


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