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2 years ago

cpas provide assurance on the information for a third party in all of the following situations except

1 answer:

6 0

CPAs provide a guarantee at the statistics for a third birthday celebration in all the following situations except management preparing the department price range for next year.

A licensed public accountant (CPA), however, is a person who has earned an expert designation thru a combination of schooling, experience and licensing.

CPAs are legal to carry out a wide range of accounting services, consisting of accounting, guidance engagement, control advisory, financial advisory, tax, and consulting services; but, no longer all CPAs are legal to signal reports on attest engagements.

It is taken into consideration as one of the maximum difficult checks for obtaining standardized professional credentials. when the countrywide pass price is about 1 in 2, those who will finally need to take the CPA examination ought to use every resource feasible to offer them an area in opposition to an almost 50% fail rate.

Learn more about CPAs here:

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Over the first four years of a company's life, it earned the following net income (loss): $10,000; $5,000; $6,000, and ($4,000).

aleksandrvk [35]

Answer:

$700

Explanation:

Total earnings in 4 years

= 10000 + 5000 + 6000 - 4000

= $17,000

Ending retained earnings after 4 years

= $14,200

Total amount paid out as dividend in 4 years

= 17000 - 14200

= $2,800

Average amount of dividends paid per year

= $2,800/4

= $700

7 0

4 years ago

A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur

Paha777 [63]

Answer:$2

Explanation:

A company normally is expected to value it's inventory at the lower of cost or net realisable value. The cost price is the price on purchase of the inventory while the net realisable value is selling price less cost of sales and cost to completion.

The amount of the lower cost of market adjustment the company must make, is the difference between the new selling price of $15 and net realisable value of $13 which is $2.

6 0

3 years ago

Read 2 more answers

Here are a series of MondelÄ“zâ€™s publicly announced objectives for enhancing sustainability:

olchik [2.2K]

Answer:

Strategic plans are made by the upper echelon of a company's management. They are long term and done with the intent to achieve company wide missions and visions.

Tactical plans come next and are made by the middle-level managers. They are not as long term as strategic plans and are typically less than a year but more than half a year. They are done to meet the strategic plans.

Operational plans are not very long term and are typically under half a year. They aim to meet strategic plans and are done by low-level management. It is usually detailed as it aimed at a particular goal.

Strategic Plans

Reducing production waste to landfill sites by 60 percent.
Reducing the impact of our operations.
Addressing child labor in the cocoa supply chain.

Tactical Plans

Reducing our energy and GHG in manufacturing.
Educating employees to reuse water and improve processes.
Reducing packaging material.

Operational Plans

Eliminating 50 million pounds of packaging material.
Buying certified commodities.

Projects are specific and so have specific goals as they aim to achieve a particular mission. They have a defined start and finish.

Programs on the other hand are a group of projects which would produce individual results that when put together, contribute to the larger goal of the program.

Policies are the guidelines that a company institutes in order to meet their goals.

Projects

Reducing production waste to landfill sites by 60 percent.
Eliminating 50 million pounds of packaging material.
Educating employees to reuse water and improve processes.

Policies

Buying certified commodities.
Reducing packaging material.
Addressing child labor in the cocoa supply chain.

Programs

Reducing our energy and GHG in manufacturing.

Reducing the impact of our operations.

6 0

3 years ago

Suppose a recent income statement for McDonald’s Corporation shows cost of goods sold $4,852.7 million and operating expenses (i

cluponka [151]

Answer:

Cash Payment to Suppliers = $4,715.8 million

Cash payments for operating expenses = $9,309.6 million

Explanation:

Given

Cost of goods = $4,852.7 million

Depreciation expense = $1,201 million

Operating expenses = $10,671.5 million

Increased inventory = $18.1 million

Accrued expenses payable increased = $160.9 million

Accounts Payable (merchandise suppliers) increased = $136.9 million

Calculating cash payment to suppliers.

This is calculated by getting the difference between cost of goods sold and the increment in account payable.

Mathematically,

Cash Payment to Suppliers = Cost of goods sold - Increase in accounts payable

Cash Payment to Suppliers = $4,852.7 million - $136.9 million

Cash Payment to Suppliers = $4,715.8 million ---- Solved

Calculating cash payments for operating expenses

This is calculated by getting the difference between the operating expenses, the depreciation and the increase in accrued expenses payable

Mathematically,

Cash payments for operating expenses = Operating expenses - Depreciation - Increase in accrued expenses payable

Cash payments for operating expenses = $10,671.5 million - $1,201 million - $160.9 million

Cash payments for operating expenses = $9,309.6 million --- Solved

4 0

3 years ago

How much does it cost to feed buffy the bear in a year?

prisoha [69]

The cost was expected to be 27,000 dollars to fees Buffy the bear in a year!!

Glad to help, Stay smart :D

-liyah⭐

4 0

3 years ago