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yanalaym [24]
3 years ago
11

A CPA firm evaluates its personnel advancement experience to ascertain whether individuals assigned to increased degrees of resp

onsibility meet predetermined criteria. This policy is evidence of the firm's adherence to which of the following prescribed standards?
A. professional ethics
B. supervision and review
C. accounting and review services
D. quality control
Business
1 answer:
CaHeK987 [17]3 years ago
3 0

Answer:

Supervision and review ( B )

Explanation:

supervision and review is part of a firm's policy used to check the results of its  previous actions or inaction  that will affect the growth and profitability of the business of the company .

Review is a way of evaluating the personnel advancement experience of the individuals given a certain task performed the given task excellently, while supervision is used to guide the individuals while they are actually carrying out the task and also to determine if they meet the predetermined criteria before being assigned to the task.    while professional ethics is the general standard set for every one regardless of the task you perform .

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A concentration of minerals that could now be legally mined at a profit is called a.
lorasvet [3.4K]

Answer:

Reserve. resource

Explanation:

concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.

7 0
2 years ago
Quantitative Problem 2: Hadley Inc. forecasts the year-end free cash flows (in millions) shown below.
Katarina [22]

The stock price is mathematically given as

P=$57.64

<h3>What is the stock price?</h3>

Generally, the equation for is Value after year  mathematically given as

V=\frac{(FCF for year 5*Growth rate)}{(WACC-Growth rate)}\\\\V = \frac{(55.4*1.05)}{(0.09-0.05)}

V= $1454.25

Hence, the current value is mathematically given as

I=Discounting factor equal to the future cash flows multiplied by their present value

I=\frac{-22.76}{1.09} + \frac{38.8}{1.09^2}+ \frac{43.4}{1.09^3}+\frac{52.3}{1.09^4}+\frac{55.4}{1.09^5}+\frac{1454.25}{1.09^5}

I=$1063.508769

current value for ordinary stock

I'=$1037.508769million

In conclusion, the stock price is

P=(1037.508769/18)

P=$57.64

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5 0
2 years ago
DeMagistris Fashion​ Company, based in New York​ City, imports leather coats from​ Acuña Leather​ Goods, a reliable and longtime
Nadya [2.5K]

Answer:

$1,333,333.33

Explanation:

Exchange rates (Ps/$)3.50 4.50

New exchange rate (Ps/$)6.00

Less Exchange rate allowable (Ps/$)4.50

= (Ps/$)1.50

Shares of De Magistris' 0.75

Shares of Acuña's..0.75

Top of range 4.50

Add Share 0.75

=5.25

Let Assumed hat 6 months of imports will still be (Ps) $7,000,000

÷ Exchange rate for DeMagistris (Ps/$)5.25

= $1,333,333.33

6 0
4 years ago
Match the following definitions to the correct term. A. Patent B. Research and development costs C. Trademark D. Intangible asse
zlopas [31]

Answer:

A. Patent: government license that provides title over an invention and right to use for a certain amount of time.

B. Research and development costs: costs incurred to develop new products or processes.

C. Trademark: a brand name or symbol that is registered under an individual or a business.

D. Intangible assets: non-physical assets, e.g. patents

E. Copyright: the legal right that the owner of a work (e.g. song, movie) possesses to decide who can use his work or not, and charge a fee for it.

F. Plant assets: asset that is used to generate revenue and whose useful life is more than one year.

G. Goodwill: when a business is sold, it represents an intangible asset associated with the reputation of the business.

H. Franchise: a business model where a franchisee starts a business by using someone else's (franchisor) business model and know how.

3 0
4 years ago
Kenneth Clark, the CFO of Pharoah Automotive, Inc., is putting together this year's financial statements. He has gathered the fo
Vika [28.1K]

Answer:

$171,421

Explanation:

According to the accounting equation the total assets are equal to the sum of total equity and total liability.

Asset = Equity + Liability

We have total assets of $1,181,252 and the sum of total equity and Liabilities is $1,009,831. The difference between these values will be the Long term debt of the company.

Long term debt = $1,181,252 - $1,009,831 = $171,421

Net plant and equipment $713,000

Goodwill & other assets   $78,656

Cash                                   $23,015

Accounts receivable         $141,258

Inventory                            $214,100

Other current assets         <u>$11,223    </u>

Total Assets                       <u>$1,181,252</u>

Common stock                  $313,300

Retained earnings             $512,159

Accounts payable             $163,257

Short-term notes payable <u>$21,115     </u>

Total Equity & Liability      <u>$1,009,831</u>

5 0
3 years ago
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