In order for a CPA to accept a gift from a client, Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
<h3>When can a CPA take a gift from a client?</h3>
A Certified Public Accountant (CPA) is someone who has to abide by the highest ethics in the accounting profession so as to protect the integrity of financial statements and the accounting profession in general.
A CPA can therefore not be seen to be influenced by their client in a way that brings bias such that financial statements cannot be trusted. One way this can happen is if the CPA accepts a gift from the client.
To avoid this, the gift accepted must be in line with integrity and objectivity rules that ensure that the independence of the Certified Public Accountant (CPA) is protected.
In conclusion, a Certified Public Accountant (CPA) can accept a gift if Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
Find out more on Certified Public Accountants at brainly.com/question/26264560
#SPJ1
Answer:
D. 8.000 Bedford Lamps and 2.500 Lowell Lamps
Explanation:
The computation of the optimum operating income is shown below:
Particulars Bedford Lamp Lowell Lamp
Sales price $30 $35
Less: Variable costs $18 $ 23
Contribution $12 $12
Machine hours 2 4
Contribution per machine hour 6 3
(Bedford = 12 ÷ 2, Lowell = 12 ÷ 4)
As we can see that the contribution margin per hour of Bedford Lamp is more than that of Lowell lamp so the production of Bedford Lamp should produced first and then Lowell Lamp.
And, required hours to make 8,000 units of bedford lamp is
= 8,000 × 2
= 16.000 hours
Now Balance Hours is
= 260,00 - 16,000
= 10,000 hours
Lowell lamp that can be made from 10000 hours is
= 10,000 ÷ 4
= 2,500 Lowel Lamps
Answer:
Spreading a loan into a series of fixed payments.
Explanation:
When you ask how loan payments work, there's no better way to explain it that knowing that you will have to pay down a balance over a period of time. When you ask for a loan, you will have to spread it into a series of fixed payments (the total payment remains equal all the time) in which you will have to cover for the principal loan (the amount of money you requested) and the loan's interest (which is what the lender gets paid for the loan). This monthly payment even though it remains the same, covers for the following: the interest costs (which are at their highest at the beginning) and reducing the loan balance. As time goes on, a bigger portion of what you are paying goes toward the principal loan, and the interest you pay is proportionally less each month.
Other things being equal,foreign governments and corporations would demand <u>More</u> U.S.funds if their local interest rates were suddenly higher than U.S. rates.For a given foreign interest rate level,foreign demand for U.S. funds is <u>inversely </u>related to U.S.interest rates.
Answer: More;inversely
<u>Explanation:</u>
U.S. funds represent the funds that are available for borrowing and interest rates means cost of those borrowings.Other countries can buy U.S funds.There is inverse relationship between U.S. interest rates and foreign demand for U.S. funds.If U.S. interest rates are higher than a given foreign interest rate, than foreign governments will demand less of U.S funds because it will be costlier.But on the other hand if U.S.interest rates are less than a given foreign interest rate,than other countries will demand more of U.S. funds because it will be cheaper for them.
So demand curve for U.S funds and U.S interest rates is downward sloping.It has negative slope.
Answer:
message flows are modeled with solid arrows
Explanation:
In Business Process Model and Notation (BPMN), message flows are used in the collaboration diagram to show how two or more distinct processes within the model, communicate and collaborate with each other without any form of central control.
Dash lines together with an empty circle are used for the message flow to show where the message comes from and an empty arrow head is used to show where the message would be terminating in the model.
