Answer:
The degree of operating leverage and the expected percent change in income, respectively, are 3.0 and 24%. The right answer is E.
Explanation:
In order to calculate the degree of operating leverage we would have to use the following formula:
opearting leverage=<u>contribution margin</u>
operating income
operating leverage=<u>$72,000</u>
$24,000
operating leverage=3.0
In order to calculate the degree of expected percent change in income we would have to use the following formula:
percent change in income=percent change in sales×operating leverage
percent change in income=8%×3
percent change in income=24%
The degree of operating leverage and the expected percent change in income, respectively, are 3.0 and 24%
Answer:
28.06
Explanation:
The formula for calculating this is,
(Average Account Receivable / Net Sales Revenue) * 365
Hence the answer is calculated as:
(69050 / 898000) * 365 = 28.06.
Hope this helps.
Good Luck.
Answer:
Failure to timely pay personal income taxes.
Explanation:
Rules of Conduct
This is simply said to be a full stated guidance to aim to help an auditor in applying broad principles contained in AICPA's Code of Professional Conduct
These Disreputable conduct if commited by an attorney, certified public accountant, or enrolled practitioner, it can therefore lead to them being disbarred or suspended from practice before the Bureau.
Rules sometimes do changes over time due to the fact that members of profession encountered specific ethical dilemmas in complying with the principles of the code
There are 6 Principles of the AICPA Code of Professional Conduct. They cover:
1. Responsibilities
2. The Public Interest
3. Integrity
4. Objectivity
5. Due Care
6. Scope and Nature of Services
The disreputable conduct for which a CPA can be disbarred or suspended includes the following;
1. When they Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value.
2. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment.
The correct option is A.
Home inspection refers to the examination of the condition of a home prior to buying. Home inspections are usually conducted by professional home inspectors who had been trained on that field. The law demands that a property should be inspected prior to buying and selling of that property. Home inspection is done purposely to identify any problem that might be associated with the property.
The U.S. taxing power, while very broad, has important limitations. First, direct taxes must be apportioned, a very difficult requirement. Second, duties, imposts, and excises must be uniform—an easy-to-meet standard, but one which, if ignored, can be fatal to a statute.
P.S. I hope this helps
