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8. Which of the following have been found to be TRUE? a Firms that emphasize ethics outperform firms that don't emphasize ethics Those corporations that mention ethics in their management reports have lower than average performance. Companies with a strong code of ethics and sense of integrity and honor will have trouble competing over the long run 9. Which one of the following entities does not pay a Federal income tax? a. Trust Individusl e. Estatc 10. An S corporation's tax treatment is most similar to the c. individual. d. corporation 11. River Corp. has a single product whose selling price is $10. At an expected sales level of $1,000,000, the company's variable expenses are $600,000 and its fixed expenses are $300,000. The marketing manager has recommended that the selling price be increased by 20%, with an expected decrease ofonly 10% in unit sales. What would be River's net operating income if this were to happen? a. $132,000. $180,000 d. $240,000 eBoopsa) pho 12. ABC Company spends S500,000 for janitorial services for its factory. The factory has 1,000,000 square feet of space. The Company paid Social Security and Medicare Taxes of $7,650,000 dollars on $100,000,000 of wages paid to workers who earned an average of $25.00 per hour. Producing 50,000 gallons of Flat Wall Enamel required the use of 1,000 square feet of space and 2,000 hours of labor. The Activity Based Cost of janitorial services, payroll taxes, and labor per gallon of Enamel is: b51.57. 0pod 1.78. s1.09. e. $1.90. 500,006 5o 100o 2000