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bekas [8.4K]
3 years ago
13

Jones, a consulting manager of Miller & Co., is considering membership on an audit client's board of directors. Jones does n

ot provide any services to this client. Which statement describing this situation is correct under AICPA rules?
a. Jones may join the board because he is not an auditor.

b. Jones may join the board because he is not a partner.

c. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

d. Jones may not join the board because only non-managerial employees of the firm may serve as client management.
Business
1 answer:
vfiekz [6]3 years ago
3 0

Answer:

C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

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What are some of the reasons businesses fail?
Mekhanik [1.2K]

Answer:

The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

7 0
3 years ago
Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Lab
alina1380 [7]

Answer:

Machine setups= $173.8 per setup

Special processing= $136.67 per machine hour

General factory= $13 per direct labor hour

Explanation:

<u>To calculate the activities cost rates, we need to use the following formulas:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setups= 34,760 / 200= $173.8 per setup

Special processing= 136,670 / 1,000= $136.67 per machine hour

General factory= 819,000 / 63,000= $13 per direct labor hour

5 0
3 years ago
If someone thinks that their language is superior to others, it can cause defensiveness. In this case, what style should be used
Elan Coil [88]

When someone believes their language is superior to others', they may become defensive. The descriptive language should be utilized in this circumstance to steer the debate away from defensiveness.

<h3>What is descriptive style?</h3>

When an author writes in a descriptive style, they are using words to paint a picture for their audience of a person, place, or thing. To convey the author's impressions through their five senses.

In descriptive communication, a person tries to figure out about the determination of what information is true, is nondefensive, but evaluative communication is perceived as hunting for information that makes a listener defensive.

Empathy is emotional support for others, putting the listener in a non-defensive position, while equality puts both the listener and the speaker on an equal footing, promoting non-defensiveness.

This is because they seek knowledge that the listener may perceive as dangerous, evaluative and problem-solving are defensive.

Therefore, the person is thinking about the descriptive style.

To learn more about the descriptive style, refer to:

brainly.com/question/21466747

#SPJ1

5 0
2 years ago
Jack’s Snow Removal Company received a cash advance of $14,700 on December 1, Year 1 to provide services during the months of De
Ipatiy [6.2K]

Answer:

d. increase equity by $4,900

Explanation:

Jack Snow received $14,700 on December 1 for services to be rendered in December, January and February. It will not be recorded as income because it hasn't been earned.

Adjusting entries will be passed at the end of each month to recognise amount earned.

Since it is for 3 months, monthly amount earned = 14,700/3= $4,900

At December 31 Retained earnings will be credited for $4,900.

Retained earnings is part of owner's equity.

So equity will increase by $4,900

8 0
3 years ago
Which of these is true about the cash cow?
laiz [17]

Answer:

d

Explanation:

Cash cow relates to a company investment in a low growth market with a high market share.....

5 0
3 years ago
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