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On February 10, 2014, After Issuance of Its Financial Statements

question 82

Multiple Choice

On February 10, 2014, after issuance of its financial statements for calendar 2013, Diogenes Corp.entered into a financing agreement with Gigantic Bank, allowing Diogenes Corp.to borrow up to $6,000,000 at any time through 2016.Amounts borrowed under the agreement bear interest at 2% above the bank's prime interest rate and mature two years from the date of the loan.Diogenes presently has $2,250,000 of notes payable with Provincial Bank maturing March 15, 2015.The company intends to borrow $3,750,000 under the agreement with Gigantic and pay off the notes payable to Provincial.The agreement with Gigantic also requires Diogenes to maintain a working capital level of $9,000,000 and prohibits the payment of dividends on common shares without prior approval by Gigantic.From the above information only, the total short-term debt of Diogenes Corp.on the December 31, 2013 statement of financial position is

Analyze the impact of ethical theories on corporate responsibility and decision-making.

Identify the ethical implications of profit maximization and stakeholder theory in business.

Comprehend the role of critical thinking in ethical reasoning and decision-making.

Understand the regulatory environment encouraging ethical behavior, such as the Sarbanes-Oxley Act.

Definitions:

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