Answer:
If a CPA does an audit irresponsibly, the CPA will be held liable to third parties who were recognized and not foreseeable to the CPA for gross negligence.
It needs to be specified if the third party had been “anticipatable,” liability; it may be recognized for ordinary negligence within a Rosenblum v. Adler decision.
Explanation:
Answer:
Note: <em>The complete question is attached as picture below</em>
1a. The one year spot rate can be calculated using the one year zero bond.
PV * (1 + S1) = FV
1 + S1 = 1000 / 900
S1 = 1.1111 - 1
S1 = 0.1111
S1 = 11.11%
1b. PV of the 2 year bond = $950
Annual coupon = 1000 * 5% = $50
950 = 50 / (1 + S1) + (50 + 1000) / (1 + S2)^2
950 = 50 / 1.1111 + 1,050 / (1 + S2)^2
1,050/ (1 + S2)^2 = 950 - 45 = 905
(1 + S2)^2 = 1050 / 905
1 + S2 = 1.160221/2
S2 = 7.714%
1c. Price of the 2 year zero bond = 1,000 / (1 + 0.07714)^2
Price of the 2 year zero bond = 1,000 / 1.1602
Price of the 2 year zero bond = 861.9203586
Price of the 2 year zero bond = $861.92
Answer:
$112,600
Explanation:
Calculation for What is the amount of Alice's Taxable Income
Wages $120,000
Add Dividend Income $5,000
Adjusted Gross Income $125,000
($120,000+$5,000)
Less Standard Deduction(Single and no dependents) ($12,400)
Taxable Income $112,600
($125,000-$12,400)
Therefore the amount of Alice's Taxable Income will be $112,600
<span>
$300,000 / 30% = 1,000,000 - 300,000 = $700,000 </span>
Answer:
A. The demand curve will shift to the left, decreasing the price of beef.
Explanation:
- As due to the changes in the tastes and preferences of the consumers the change in the demands of the beef and prices will also decrease and the curve will shift to the left and so does the price of the good.
- <u>The reports showing the negative effects of the beef on the health of the consumer is likely to make the changes in the market price of the products.</u>
