believe. According to the Peer Reviewed Academic Internet Encyclopedia of Philosophy‚ “Moral relativism is the view that moral judgments are true or false only relative to some particular standpoint (for instance‚ that of a culture or a historical period) and that no standpoint is uniquely privileged over all others.” (Westacott‚ n.d.‚ figure g)The way that I interpret this context is essentially that moral relativism is an opinion. There is no right or wrong answer. What is moral in our culture may or
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PLANNING HORIZON a 1. The long-range time period‚ usually the next two to five years‚ over which the financial planning process focuses is known as the: a. planning horizon. b. planning strategy. c. planning agenda. d. short-run. e. current financing period. AGGREGATION b 2. The process by which smaller investment proposals of each of a firm’s operational units are added up and treated as one big project is known as: a. separation. b. aggregation. c. conglomeration. d. appropriation
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certain transactions during the last quarter of 20X1. They are also worried about the adverse effects of such accounting on the company’s quality of earnings and thereby on its planned public stock offering in February 20X2. The present US GAAP (Generally Accepted Accounting Principles) revenue recognition model comprises over 100 standards and interpretations‚ many industry specific and inconsistent (PwC‚ 2010). Yet‚ the fundamental revenue recognition standards lead to the conclusion that Caltron’s
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achieve their dreams and goals as long as hard work is done. President Lincoln’s speech‚ delivered in devotion of the Gettysburg National Cemetery‚ has a connection to the quote by the Frenchman J. Hector St. John de Crevecouer written in 1793. Both emphasize that the hard work of men will not be in vain. “…New race of men‚ whose labor and posterity will one day cause great change in the world” (Crevecouer). Both had the same idea when Lincoln stated‚ “The world will little note‚ nor longer remember what
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If a company earns net income of $25 million in Year 8‚ has 10 million shares of stock‚ pays a dividend of $1.00 per share‚ and has annual interest costs of $10 million‚ then | | |[pic]|[pic]|the company would have Year 8 earnings per share of $1.50. | | |[pic]| | |[pic]|[pic]|the company’s retained earnings for
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Case 8: Netscape’s Initial Public Offering 1. Why has Netscape been so successful to date? What appears to be its strategy? What must be accomplished if it is to be a highly successful going concern in the long run? How risky is its current competitive position? 2. Does Netscape need to go public to satisfy its capital needs? What would you estimate might be the magnitude of its capital needs over the next 3 to 5 years? What sources other than the public equity market could be tapped to satisfy
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Q.No.1. (A). Encircle the correct answer. Marks (20*1) (Time Allowed 20 Min) 1. Resources owned by business are known as: a. Assets b. Expenses c. Liabilities d. Income 2. Amount withdrawn from business is recorded as: e. Drawings f. Capital g. Liabilities h. none 3. Assets minus capital equals to: i. Assets j. Capital k. Liability l. None 4. The payment of business debts: m. Has no effect
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PRAIRIE TECHNOLOGY PARTNERS Planning Memo December 31‚ 2011 We have been retained as continuing auditors for Prairie Technology Partners (PTP) for the year ending December 31‚ 2011 Engagement Objectives * Provide our report on the examination of PTP’s financial statements by February 5‚ with year-end fieldwork to begin January 14‚ 2012 * Issue our management letter comments by February 10
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Cats are better then dogs All of my childhood‚ I grew up with dogs.” A dog is man’s best friend.” That common saying may contain some truth‚ but dogs are not the only animal friend companionship people enjoy. For many people including myself a cat is their best friend. It wasn’t until I got my first cat that I realized how much better of a pet they are then dogs. Despite what dog lovers may believe‚ cats make excellent house pets as they are good companions‚ they are more civilized
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Gensler’s reasoning against cultural relativism(CR) is that the existence of so many subgroups makes it impossible to be correct. The fact that so many subcultures have so many varying morals means that nothing in thought can be morally wrong and therefore nothing is objective. Gensler uses the example “My Nazi society approves of racism‚ so racism is good” ( page 187) this shows the effectivity of this ethical theory. Gensler’s reasoning is supported by Enochs “Why I Am an Objectivist about Ethics
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