Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $130,000. Time spent working: Time spent shirking: When this same manager is given an annual, fixed salary of $130,000 and 5 percent of the firms profits amounting to a total salary of $165,000 per years the manager chooses to work 9 hours and shirks for 1 hours. Given this information, which of the compensation schemes does the manager prefer?

a. The manager is indifferent between the two payment schemes.

b. The scheme with only a fixed payment of $130,000.

c. The scheme with fixed payment of $130,000 and a percentage of profits.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Which of the following is least likely to a team solve problems together

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: