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Alenkinab [10]
4 years ago
10

Albert, an accountant, is attending a meeting at the Greatview Hotel. The meeting, which has drawn more than 200 accountants fro

m around the state, was organized by an accounting association to acquaint the state’s accountants with new state and federal accounting rules. This type of meeting is called a(n)____
Business
1 answer:
lutik1710 [3]4 years ago
5 0

Answer:

Professional and technical meeting

Explanation:

A professional and technical meeting is a type of meeting whereby people from a particular profession who are practicing, converge to deliberate on matters that has to do with regulations and other issues that affects or concerns the practitioners of that particular profession. Such meetings is usually held and organized by the professional body or association of such profession in order to discuss issues that has to deal with the status of the profession and organization matters, technical developments etc.

The meeting organized by an accounting association as described in the question above can be called a <em>professional and technical meeting</em>, as many accountants around the state were drawn to the meeting to become acquainted with the new state and federal accounting rules.

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Your parents will retire in 29 years. They currently have $200,000 saved, and they think they will need $2,400,000 at retirement
zhannawk [14.2K]

Answer:

8.95%

Explanation:

Data provided in the question:

Time, n = 29 years

Principle amount = $200,000

Future value = $2,400,000

Now,

Using the compounding formula

Future value = Principle × [ 1 + r ]ⁿ

here,

r is the interest rate

Thus,

$2,400,000 = $200,000 × [ 1 + r ]²⁹

or

[ 1 + r ]²⁹ = 12

taking the natural log both the sides, we have

29 × ln(1 + r) = ln(12)

or

ln(1 + r) = 0.08569

or

1 + r = e^{0.08569}

or

1 + r = 1.0895

or

r = 0.0895

or

r = 0.0895 × 100% = 8.95%

3 0
3 years ago
Alpha Systems, Inc., manufactures computer keyboards. The data for the month of June is given below: Direct material per unit $1
astraxan [27]

Answer:

a.$20 per keyboard

Explanation:

The computation of the variable cost per computer keyboard is shown below:

= Direct material per unit  + Direct labor per unit + Variable overhead per unit

= $10 per unit + $6 per unit + $4 per unit

= $20 per keyboard

Basically, we added the Direct material per unit,  Direct labor per unit, and the Variable overhead per unit so that the variable cost per computer keyboard could come

8 0
3 years ago
Capital One produces a single product, which it sells for $8.00 per unit. Variable costs per unit equal $3.20. The company expec
serious [3.7K]

Answer:

Capital One's current break-even point in terms of number of units for the month is 1500 units

Explanation:

Break-even point in terms of number of units is the sales units required such that the company makes neither gain nor loss

break-even point in sales units=fixed costs/contribution margin per unit

fixed costs is $7,200

contribution margin=sales price per unit-variable cost per unit

sales price per unit is $8

variable cost per unit is $3.20

contribution margin=$8-$3.20=$4.80

break-even point=$7,200/$4.80=1,500 units

The correct option is A ,1500 units

4 0
4 years ago
To maintain public confidence and trust in the financial reporting of companies is the purpose of
irakobra [83]

Answer:

The answer is: the Sarbanes-Oxley Act of 2002

Explanation:

The Sarbanes-Oxley Act (SOX) was elaborated in response to several high profile corporate scandals involving multinational corporations. The most infamous scandal involved Enron Corporation and Arthur Andersen LLP (one of the five largest accounting corporations in the world).

The SOX set new requirements for all publicly traded corporations (especially their upper management) an public accounting firms. Only some parts of the SOX apply to private companies.

8 0
3 years ago
An entrepreneur is a
Mademuasel [1]
MEEEE a person who owns a business
7 0
3 years ago
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