Answer:
Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.
Explanation:
A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.
Answer:
During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:
I. Output: During Recession, production output reduces. But, during expansion, product output rises with rising income, employment, and even stable inflation.
II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.
III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises. It reduces when the economy enters a recession.
Explanation:
Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation. It usually cascades between the spectrum of expansion and recession. This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.
Slow down the productivity of the workplace
Answer:
K1 has contribution of $15.40 per pound
S5 has contribution of $8.50 per pound
G9 has contribution of $11.70 per pound
Explanation:
The contribution per pound of each can be computed by first of all calculating contribution per unit of each of the products produced by Childress company,then dividing each contribution per product by the number of pounds of direct materials used by each product as shown below.
K1 S5 G9
Selling price $158.38 $114.80 $204.52
variable costs ($86.00) ($91.00) ($139.00)
Contribution per product $72.38 $23.80 $65.52
Material usage in pds 4.7 2.8 5.6
Contribution margin per pd $15.40 $8.50 $11.70
