Answer:
1. The failure to file a personal tax return in a timely manner is usually considered an act discreditable to the profession.
2. Advertising is permitted as long as it is not false or misleading.
Explanation:
It is considered one of the ethics of the AICPA for its members to always file their personal tax return timely. In a case where this is not done, it is considered a discreditable act to their profession. Furthermore, according to the AICPA, as long as what is being advertised portrays true intentions of the organization and does not mislead people, advertising is permitted.
Answer:
b. an express contract.
Explanation:
Since Daisy signs on Capri's behalf, the contract is between Bo and Capri, not Daisy.
Since there is a lease, an actual signed document, the options of no contract and implied contract are discarded.
An express contract is written in an specific language with its terms stated expressly at the time of contract formation, and is made under a company seal. A simple contract doesn't require a seal.
The lease is signed under Capri Apartments' seal and thus is an express contract.
Answer:
short-term investment 10,000 debit
cash 10,000 credit
note receivables 5,000 debit
cash 5,000 credit
equipment 18,000 debit
cash 5,000 credit
note payable 13,000 credit
cash 11,000 debit
common stock 1,000 credit
additional CS 10,000 credit
cash 9,000 debit
note payable 9,000 credit
Patents 3,000 credit
cash 3,000 debit
Building 24,000 debit
cash 8,000 credit
note payable 16,000 credit
cash 1,000 debit
equipment 1,000 credit
Explanation:
To record the entries we need to alwasy make debit = credit
we must use account names to represent each concept which are quite easy you don't have to overthink ou write what it is telling you it happen
Whe nthe company use cash use cash account
when it purchase equipment use equiptment
if the locations are far from each other
Explanation:
A company may decide to take up such measures if
- <u>the sites where the products are sold are very far from each other</u> and the expenditure of distribution hampers profit.
- <u>if it is viable to put up small manufacturing and distribution centers</u>
- if <u>the different products of a firm require different sort of manufacturing </u>which is viable in different places and not in a centralized unit.
All of these stem from the logistic concern of the locations of operations being far enough from each other for these measures to come into play.
Answer:
The statement is: True.
Explanation:
Before starting businesses in a foreign country, managers must analyze if the target region fulfills the minimal conditions to conduct operations and, more important if the returns are good enough to cover the expenses of the investment. For such a purpose, social indicators such as average consumer income, education, or occupational class should be reviewed by executives. Countries with higher ratings should be the priority to start international businesses there.
