2. Michael works for a financial institution that, among other services, trades stocks for clients on Wall Street. For decades, Michael's company has been able to make an
extra profit off each transaction by taking advantage of a little-known loophole in the
stock exchange laws. Now, Congress is considering passing a law that will close
that loophole and force financial companies to give that extra profit to their
customers. Michael's manager has asked him to go to Washington and lobby
against the law, hinting that his decision will affect his next performance review.
a) What is the ethical dilemma? (2 points)

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of: