Which seven-step guidelines are designed to help organizations with compliance and reporting?

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Which legislation was passed in 2002 that mandates reporting transparency?
Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities?
Which of the following are considered intellectual virtues quizlet?
Which of the following describes the difference between enculturation and acculturation quizlet?

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Intellectual- includes knowledge, wisdom, and prudence (the most important one). Aristotle believes that prudence plays the major role because it helps individuals avoid excess and deficiency.
Moral- Moral virtues have to do with character which include self-control, courage, liberality, magnificence, honor, patience, and amiability. Although, they meant something else in Ancient Greece.
According to Aristotle, the difference between the two is that intellectual virtues are acquired completely through learning, whereas the moral virtues are earned through practice and the development of habits.

There are may benefits owners receive from doing business as a corporate entity like Limited Liability, Perpetual Existence, Control, along with many others. The main reason for forming a corporation is to limit the liability of the owners. Corporations, directors and managers are all protected by laws saying that in most circumstances, their losses in case of business failure cannot exceed the amount they paid for their shares of ownership. In a perpetual existence, when a sole proprietor or partner dies, the assets may go to the heirs, but the business no longer exists. If the heirs of the business owner want to continue the business in their own names, they will be considered a new business, even if they are using the assets of the old business

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QUESTION

The Darlington Equipment Company purchased a machine 5 years ago at a cost of $85,000. The machine had an expected life of 10 years at the time of purchase, and it is being depreciated by the straight-line method by$8,500 per year. If the machine is not replaced, it can be sold for $15,000 at the end of its useful life. A new machine can be purchased for$170,000, including installation costs. During its 5-year life, it will reduce cash operating expenses by $40,000 per year. Sales are not expected to change. At the end of its useful life, the machine is estimated to be worthless. MACRS depreciation will be used, and the machine will be depreciated over its 3-year class life rather than its 5-year economic life; so the applicable depreciation rates are 33%, 45%, 15%, and 7%. The old machine can be sold today for$55,000. The firm’s tax rate is 40%. The appropriate WACC is 9%. a. If the new machine is purchased, what is the amount of the initial cash flow at Year 0? b. What are the incremental cash flows that will occur at the end of Years 1 through 5? c. What is the NPV of this project? Should Darlington replace the old machine? Explain.

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Other Quizlet sets

Which legislation was passed in 2002 that mandates reporting transparency?

The Sarbanes-Oxley Act of 2002 was passed by Congress in response to widespread corporate fraud and failures. The act implemented new rules for corporations, such as setting new auditor standards to reduce conflicts of interest and transferring responsibility for the complete and accurate handling of financial reports.

Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities?

Sarbanes-Oxley, passed in 2002 in response to several highly publicized corporate fraud cases that took down companies such as Enron and WorldCom, mandates reporting transparency in areas ranging from finance to accounting to supply chain activities.

Which of the following are considered intellectual virtues quizlet?

Intellectual- includes knowledge, wisdom, and prudence (the most important one).

Which of the following describes the difference between enculturation and acculturation quizlet?

Enculturation is the process by which humans learn the characteristics, values, and rules to participate in a society more generally, whereas acculturation is the introduction of the values, worldview, philosophy, or practice of one culture into another.