What is a peer review and how and when are they performed?
Answer:
The peer review is conducted by an independent evaluator
Explanation:
Known as a peer reviewer. The AICPA oversees the program, and the review is administered by an entity approved by the AICPA to perform that role. 2. The peer review helps to monitor a CPA firm's accounting and auditing practice (practice monitoring).
According to NEPR:
A peer review is a periodic external review of a firms quality control system in accounting and auditing and is also known as the AICPAs practice monitoring program.
prepare a three column cash book from de following information
1 January 2012 balance brought forward from last year
cash 1000
bank 2500
5January cash banked 800
7 January cash sales 1200
10 January cash sales banked 700
15 January paid salaries by cheque 900
21 January cash withdrawn from bank 5300
25 January paid creditors less 10% discount 2050
27 January cash sales less 10% discount 6100
28 January customers paid their account less 10% discount 2400
29 January cash purchases 900
30 January additional capital introduced 1000
31 January cash drawings 480
What can a producer gain by specializing?
A.sales
B.new customers
C.absolute advantage
D.opportunity costs
Smith Services, Inc., was a trucking company established in 2015 and owned by Tony Smith as the sole shareholder. Tony Smith also was the president of the company. Tony Smith set up an account with Laker Express, a fuel provider, on behalf of Smith Services, Inc., and his drivers often would charge fuel purchases for the company trucks to that account. Laker Express then would bill Smith Services regularly for the charges on the account. After several months of low business, Smith Services ceased doing business and was dissolved in 2018, with its assets being distributed to creditors. Laker Express only recovered a small part of the amount owed by Smith Services, Inc. Tony Smith then opened up a new trucking service business as a sole proprietor. Laker Express sought to recover Smith Services' unpaid fuel charges, which amounted to about $35,000, from Smith. Smith argued that he was not personally liable for a corporate debt. Should a court hold Tony Smith personally liable
Answer:
No he should not be held personally liable by a court
Explanation:
A court should not hold him personally liable Because Smith services incorporated was a corporation. Such a business is a separate entity from the people who own it. Since the business smith services was the one that set set up account with Lakers Express, it should be liable for all changes in the account not Tony. This is as Tony did not mix up business activities with personal activities so this court can not rule against limited liability. In the case of these fuel charges, he is not to be held accountable. The employees are.
There are no evidences that formalities were not followed by Tony for the court to hold him liable.
g Miller Brooks is planning to purchase a new mobile phone plan. However, she is not sure about which plan to select. The regular plan charges a fixed amount of $55 per month for 1,000 minutes plus $0.33 per minute over 1,000 minutes. The platinum plan charges a fixed amount of $100 per month. for 1,200 minutes plus $0.25 per minute over 1,200 minutes. Answer the following questions: (2 points each) 1) Miller is expecting to use her phone for 21 hours per month. Which plan should she select
Answer:
The platinum plan should be selected.
Explanation:
This can be determined using the following 4 steps:
Step 1: Calculation of the total expected minutes in a month
Total number of expected minutes in a month = Number of hours Miller is expected to use her phone per month * Numbe of minutes in one hour = 21 hour * 60 minutes = 1,260 minute
Step 2: Calculation of the expected cost of regular plan
Expected fixed cost of 1,000 minutes per months = $55
Expected cost of minutes over 1,000 minutes = (Total number of expected minutes in a month - 1,000 minutes) * Cost per minute = (1,260 - 1,000) * $0.33 = 260 * $0.33 = $85.80
Expected cost of regular plan = Expected fixed cost of 1,000 minutes per months + Expected cost of minutes over 1,000 minutes = $55 + $85.80 = $140.80
Step 3: Calculation of the expected cost of platinum plan
Expected fixed cost of 1,200 minutes per months = $100
Expected cost of minutes over 1,200 minutes = (Total number of expected minutes in a month - 1,200 minutes) * Cost per minute = (1,260 - 1,200) * $0.25 = 60 * $0.25 = $15
Expected cost of platinum plan = Expected fixed cost of 1,200 minutes per months + Expected cost of minutes over 1,200 minutes = $100 + $15 = $115
Step 4: Decision
Expected cost of regular plan = $140.80
Expected cost of platinum plan = $115
Since the expected cost of platinum plan of $115 is lower than the expected cost of regular plan of $140.80, the platinum plan should be selected.
An increase in the price of an item *
A.will cause consumers to buy more of that item
B.will cause consumers to buy less of that item
C.will cause consumers to supply more of that item
Answer:
B most likely
Explanation:
Opening up an economy during a pandemic has costs and benefits. Which of the following is most likely the opportunity cost of opening an economy during a pandemic?
Answer:
hey what's up pick me up at took your picture a picture pick a picture
Explanation:
why you phone number give me phone number Chen. I will call you you married
Please help - Accounting I
For each T account, label the debit and credit side, select Increase side, select Decrease on the decrease side, and identify the normal balance side.
Selected accounts with a credit amount omitted are as follows
Work in Process
Apr. 1 Balance 6,100 Apr. 30 Goods finished X
30 Direct materials 61,100
30 Direct labor 191,300
30 Factory overhead 57,390
Finished Goods
Apr. 1 Balance 14,200
30 Goods finished 306,600
What was the balance of Work in Process as of April 30?
a.$57,390
b.$9,290
c.$306,600
d.$14,200
Answer:
b.$9,290
Explanation:
Calculation for What was the balance of Work in Process as of April 30
WORK IN PROCESS=[(61,100+191,300+57,390)-306,600]+6,100
WORK IN PROCESS=(309,790-306,600)+6,100
WORK IN PROCESS=3,160+6,100
WORK IN PROCESS=$9,290
Therefore the balance of Work in Process as of April 30 will be $9,290
What are mutual funds? Explain the associated risks.
Answer:
A mutual fund is an investment program funded by shareholders that trades in diversified holdings and is professionally managed.
Risks:
The level of risk in a mutual fund depends on what it invests in. Stocks are generally riskier than bonds, so an equity fund tends to be riskier than a fixed income fund. Plus some specialty mutual funds focus on certain kinds of investments, such as emerging markets, to try to earn a higher return. These kinds of funds also tend to have a greater risk of a larger drop in value—yet the greater the risk, the greater the reward (or potential for higher returns).
Risks of Investing in Equity Mutual Funds The below are a few key risks involved with investing in equity funds: Volatility Risk: An equity fund invests primarily in the shares of companies listed on stock exchanges. Thus, the value of an equity fund is directly related to the performance of companies, in stocks of which it has invested.
You have just entered an MPP program and have decided to pay for your living expenses using a credit card that has no minimum monthly payment so you will not be making any payment while you pursue your education. You intend to charge $1500 per month on the card for the next 21 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 22 months from now, when you receive your first statement post-graduation
Answer:
$35,207.37
Explanation:
Future value = Monthly payment * [ [(1 + r)^n – 1 ] / r ] * (1 + r)
Future value = $1500 * [ [(1 +0.01)^21 - 1] / 0.01 ] * 1 + 0.01
Future value = $1500 * [[1.01^21 - 1] / 0.01] * 1.01
Future value = $1500 * [[1.23239194035 - 1] / 0.01] * 1.01
Future value = $1500 * [0.23239194035/0.01] * 1.01
Future value = $1500 * 23.23919 * 1.01
Future value = $35207.37285
Future value = $35,207.37
Jim would like to hold a series of meetings to discuss his findings, and allow employees to present some of their own recommendations. Jim would like to avoid some of the problems in the last survey and decides to hold some face-to-face meetings with employees. However, he is worried about the makeup of the groups. Which type of group would you recommend for these meetings
Explanation:
One of the problems found in the last survey was the low percentage of women working at Jim's company because they quit their jobs to dedicate themselves to their families.
Therefore, a solution to constitute the groups in the meeting proposed by Jim, a good option would be to divide groups of men and women, with the objective that in groups of only women, sharing their demands and opinions about the problem would occur more openly. and expressive without any interruption or masculine ideas that did not portray the reality of the situation that occurred. This would be an opportunity for Jim to be able to hear the women's side more effectively, and thus implement solutions to reduce this problem in the company.
Sally is a channel manager for the Carolina Bee Company, which offers bee pollination services to orchard growers and farmers. The company acquired a smaller bee business and is integrating it into the company’s current distribution channel process. Which areas of the distribution flow are critical for Sally to address with this new business integration?
A. service, negotiation, information, promotion, and profit.
B. product, negotiation, ownership, information, and promotion.
C. product, ownership, information, cash and redundancy.
Answer:
B
Explanation:
B. product, negotiation, ownership, information, and promotion.
Business partners Arnetta and Xavier are designing their new office space and furnishings. They want to communicate success and impress visiting clients, so they choose high-quality hardwood flooring and elegant furniture. Which aspect of nonverbal communication does this illustrate
Answer:
environment.
Explanation:
Analyzing the information in the question, it is correct to say that Arnetta and Xavier are using the aspect of non-verbal communication related to the environment, due to the fact that their goal is to communicate success and impress visiting customers through high quality wooden floors. and elegant furniture, that is, they use physical and psychological aspects combined with the office environment that communicate success.
Environmental non-verbal communication allows to impress people through the design of their environment, and brings significant advantages to companies that use this strategy effectively, as it reinforces the desired communication and creates the expected strategic effect.
Environmental elements that are both fixed and semi-fixed
Gathering the data in the question, it is true to say that Arnetta and Xavier are employing nonverbal signals connected to the environment, as their purpose is to communicate accomplishment and impress prospective customers through high-quality hardwood surfaces.
Environmental communication process allows firms to impress people by the design of their surroundings, and it has enormous benefits for companies who employ it successfully, since it reinforces the intended communication and achieves the desired strategic result.
Learn more:https://brainly.com/question/21063809?referrer=searchResults
You are choosing the color scheme for a Web page. Which color is considered the color of extremes and is used to capture attention, and to indicate danger and anger?
A: green
B: red
C: yellow
D: purple
please answer this im trying to finish a test <3
On January 1 of the current year, Lean Co. made an investment of $10,000. The following is the present value of $1.00 discounted at a 10% interest rate: Present value of $1.00 Periods Discounted at 10% 1 .909 2 .826 3 .751 What amount of cash will Lean accumulate in two years?
Answer:
$12,107
Explanation:
Calculation for What amount of cash will Lean accumulate in two years
Using this formula
Future amount=Present value ÷ Present value factor
Let plug in the formula
Future amount = $10,000 / .826
Future amount= $12,107
Therefore the amount of cash that Lean will accumulate in two years will be $12,107
Ching Lee was transferred by his Asian firm to assume a managerial position in a large automobile production plant in the United States. In his first report to his supervisor, he expressed concern that U.S. workers were not giving him the proper respect. What behaviors by U.S. workers could have led Ching Lee to draw this conclusion
Answer:
cultural differences, stereotypes, and prejudice
Explanation:
There are many behaviors that could have led Ching Lee to draw this conclusion, they include cultural differences, stereotypes, and prejudice. This can include making jokes, treating people a certain way that may be common in the US, or even making comments about Ching Lee's ethnicity and/or culture. All of these behaviors could easily make Ching Lee believe that the US workers are making fun of him and not showing him the respect that he deserves as a manager.
A managerial position is one in which a person is primarily responsible for the management and direction of other employees. Managers may also be in charge of a certain function within a corporation.
One of the ways to demonstrate respect for senior employees or persons in positions of power is through communication.
In reciprocal relationships, bad communication can lead to misunderstandings, which can lead to disrespect.
Communication is a factor in Ching Lee's experience in the United States. Because of cultural and moral differences, there may be considerable communication gaps between Asian and American business contexts.
In comparison to communities in the United States, Asian communities are more patriarchal.
Workplace equality is a prominent topic in the United States, and great progress has been made in this area.
As a result, employees have unrestricted access to their bosses and it's reasonable to suppose that Lee interpreted the differences as disrespect and conveyed his displeasure to his boss.
For more information regarding the managerial position, refer to the link:
https://brainly.com/question/22867669
what is brand personality with example in food industry
Explanation:
The brand personality can be understood as a set of adjectives and feelings that a brand is able to cause in the consumer through its positioning in the market. For example, a brand can be youthful, happy, family, environmentally responsible, etc.
Building the brand personality is a task achieved through the communication of the brand with its stakeholders, each internal and external process is responsible for this construction, such as the language used in marketing communications, images, phrases, slogan, colors and many other characteristics . It is essential that the personality of the brand is aligned with its potential audience, thus the value, satisfaction and reliability of the customer is achieved, generating greater positioning for the brand in the market.
In the food industry, we can mention Coke as an example of a brand whose family values, always using commercial messages linked to diversity, joy, togetherness, celebration, etc.
Angel Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased by $27,700. In addition, tax depreciation exceeded book depreciation by $104,500. Finally, Angel subtracted a dividends received deduction of $28,600 in computing its current year taxable income. Angel's hypothetical tax express in its reconciliation of its income tax expense is:
Answer:
$346,120
Explanation:
Calculation for what Angel's hypothetical tax expense in its reconciliation of its income tax expense is
Using this formula
Tax expense =Pretax book income*Tax rate
Let plug in the formula
Tax expense =$1,018,000*34%
Tax expense =$346,120
Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense is $346,120
Bank “A” is offering 2% interest and a $100 debit card on a newly opened savings account with a minimum balance of 1,000$ for one year. Bank “B” is offering 5% interest and a $50 debit card on a newly opened a savings account with a minimum balance of $1000 a year. assuming you deposit $1000 which one has the better return (interest plus card value) FOR THE FIRST MONTH?
Answer:
Bank A
Explanation:
5% of 1000 is $50. So they are giving you $50 in interest and $50 on the debit card. Whereas, the other one, 2% of 1000 is $20 in interest and they are giving you $100 debit card. That means you get $100 from Bank B, but you get $120 from Bank A.
Utility bills change each monthly, so these are called _____ expenses.
a. Fixed
b. Variable
c. Periodic
d. None of these are correct
Answer:
the answer is c peroidic
Has anyone done this
Please help
Answer:
Explanation:
you have to do t with someone to understand it
You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 7% per year forever. If the appropriate interest rate is 3%, then the value of this mining operation is closest to
Answer:
$100,000
Explanation:
Cash flow = $10,000
Interest rate = 3%
Growth = -7%
Value of this mining operation = Cash / (Rate - Growth)
Value of this mining operation = $10,000 / (3% -(-7%)
Value of this mining operation = $10,000 / 10%
Value of this mining operation = $10,000 / 0.10
Value of this mining operation = $100,000
Two roadway designs are under consideration for access to a permanent suspension bridge. Design 1A will cost $2.7 million to build and $175,000 per year to maintain. Design 1B will cost $3.8 million to build and $40,000 per year to maintain. Both designs are assumed to be permanent. Use an AW-based rate of return equation to determine (a) the breakeven ROR and (b) which design is preferred at an MARR of 10% per year. a) The breakeven ROR is %. b) At an MARR of 10% per year, design 1B Correctis preferred.
Answer:
The answer is below
Explanation:
a)
The present cost of design 1A = 2700000 + 175000/r
The present cost of design 1B = 3800000 + 40000/r
Where r is the rate of return.
At breakeven rate of return, the present cost of both designs would be the same. Hence:
2700000 + 175000/r = 3800000 + 40000/r
3800000 - 2700000 = 175000/r - 40000/r
1100000 = 135000/r
r = 135000 / 1100000 = 0.1227
r = 12.27%
Therefore the breakeven rate of return is 12.27%
b) At an MARR of 10% per year, that is r = 0.1:
The present cost of design 1A = 2700000 + 175000/0.1 = $4.45 million
The present cost of design 1B = 3800000 + 40000/0.1 = $4.2 million
At an MARR of 10% per year, design 1B Correct is preferred because it has the lowest cost.
Peterson Manufacturing recently reported EBITDA of $18.75 million and $4.5 million of net income. It has $5 million of interest expense and its corporate tax rate is 40%. What was its depreciation and amortization expense (in millions of dollars)
Answer:
Peterson Manufacturing
Its depreciation and amortization expense (in millions of dollars) was:
= $6.25 million
Explanation:
a) Data and Calculations:
EBITDA = $18.75 million
Depreciation and amortization expense = $6.25 million
Earnings before Interest = $12.50 million
Interest expense = $5.00 million
Earnings before taxes = $7.50 million
Corporate taxes (40%) = $3.00 million
Net Income = $4.50 million
Earnings before taxes = Net income/1-tax rate
= $4.5 million/60% = $7.5 million
Corporate taxes = 40% of $7.5 million = $3.0 million
Earnings before interest = Interest expense plus earnings before taxes (earnings after interest)
= $5 million + $7.5 million = $12.5 million
Therefore, Depreciation and amortization expense = EBITDA - Earnings before Interest
= $18.75 million - $12.5 million
= $6.25 million
b) EBITDA = Earnings before Interest, Taxes, and Depreciation and Amortization.
1.Choose, define, and restrict a topic based on a problem or issue you might deal with in one of the following divisions of a company:a.ITb.human resources/diversityc.securityd.marketinge.accountingf.health care/health risksg.energy/utilitiesh.animal rightsi.transportationj.environmentDiscuss the steps you took to narrow the topic, the audience you would be writing for, and the types of questions that audience may have.
Answer:
I was working human resource department in one of the leading food and beverage company. The human resource department has many difficulties in maintaining equality and diversity policy.
Explanation:
Human resource department is always the first one to which most of the employee problems are communicated. It is duty of human resource team to treat every employee with care and listen to their concerns carefully. One of employee has been harassed at the work place but she was threatened not to communicate it to any one or else she will be at risk of her job. She was worried and came to human resource team but she was also afraid of losing her job. It was duty of human resource team to condole her and make sure that there is nothing to worry about and she will be treated with justice.
9. Assume your cost is 55% of your revenue of a certain product/services, what is your profit
margin:
If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory system
Answer:
Explanation:
Debit Accounts Receivable and credit Sales Revenue for $620;
DEBIT: Cost of Goods Sold CREDIT: Inventory for $500
Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:
Job B18: Direct materials ($12,000) Direct labor ($8,000)
Job B19: Direct materials ($25,000) Direct labor: ($10,000)
Job C11: Direct materials ($18,000) Direct labor: ($5,000)
Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19.
What is Kapanga's work in process inventory balance at the end of October?
A) $23,000
B) $30,500
C) $32,000
D) $43,000
Answer:
B) $30,500
Explanation:
Calculation for Kapanga's work in process inventory balance at the end of October
First step is to calculate the Variable Overheads
Variable Overheads = 150% × $5,000
Variable Overheads = $75,000
Now let calculate work in process inventory balance using this formula
Work in process inventory balance = Direct Material + Direct Labor + Variable Overheads
Let plug in the formula
Work in process inventory balance= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000
Work in process inventory balance= $30,500
Therefore Kapanga's work in process inventory balance at the end of October will be $30,500
What is
brand personification example with food industry
Answer:
Projective Technique that asks people to think about brands as if they were people and to describe how the brands would think and feel," according to mktresearch.org.18 May 2016
Projective Technique that asks people to think about brands as if they were people and to describe how the brands would think and feel," according to mktresearch.org.18 May 2016
Explanation:
Projective Technique that asks people to think about brands as if they were people and to describe how the brands would think and feel," according to mktresearch.org.18 May 2016