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3 years ago

Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA:

Business

1 answer:

Aleksandr-060686 [28]3 years ago

7 0

Answer:

c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS

Explanation:

Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA

we know that

Giving assessment administrations is on the standard premise that it has a decent confidence conviction that the government form position can be supported whenever tested

therefore

option c is correct

c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS

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Mason and Kirsty purchase 30 shares of Apple stock on January 1, 2009 for $72.49 per share. Mason and Kirsty receive $0.36 per s

zmey [24]

Answer:

after-tax average annual return = 14.41%
after tax dividends per year = $38.88

Explanation:

initial investment = 30 shares x $72.49 per share = $2,174.70

- dividends received per year = 30 shares x $0.36 x 4 (dividends paid every quarter) = $43.20

after tax dividends per year = $43.20 x 90% = $38.88

- long term capital gains = (30 shares x $183 per share) - initial investment = $5,490 - $2,174.70 = $3,315.30

taxes on long term capital gains = $3,315.30 x 10% = $331.53

To calculate Mason and Kirsty's after tax average annual return (interest rate) we can use the excel spreadsheet =RATE function, where:

PV = -2174.70
FV = 5490 - 331.53 = 5158.47
Pmt = 38.88
Nper = 7

=RATE (nper, pmt, pv, [fv])

=RATE (7,38.88,-2174.70,5158.47) = 14.41%

5 0

4 years ago

What are taxes that are applied specifically to imports and/or exports?

Step2247 [10]

Answer:

hola nose puede en español

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3 years ago

The cost, in dollars, to produce x designer dog leashes is C ( x ) = 8 x + 3 , and the price-demand function, in dollars per lea

steposvetlana [31]

Answer:

P (x) = 80x - 2x^2 - 3

Explanation:

The Profit function is the revenue minus the cost.

Revenue = Price x Quantity = X.px = x(88-2x) = 88x - 2x^2

Therefore the profit function P (x):

P (x) = 88x - 2x^2 - (8x+3)

P (x) = 80x - 2x^2 - 3

To maximise profit we use the 1st order condition: dP(x)/dq = 0

Therefore, 80 - 4x = 0

4x = 80

x = 20

So 20 leashes maximises profit.

P(x) = 80(20) - 2(20)^2 - 3

P = $803

The price to charge would be:

p (x) = 88 - 2(20) = $48

The best reason would be that the price is a bit expensive for a leash so most people would not buy it.

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3 years ago

Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the project ends, those assets are expe

Korolek [52]

Answer:

We consider the salvage value as an income at the last moment.

Explanation:

The salvage value is the money we can when we sell the fixed assets we use in project.

When we compute the net present value , we consider the salvage value as an income in the last moment. We have to consider the time of the project to bring it at the actual moment. If the rate of discount is different to 0, the actual value of salvage value , will always be smaller that the $45,000

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3 years ago

Requirement 1. Fill in the missing amounts. Begin by completing the income statement.

Tcecarenko [31]

Answer:

Excerpt from Duty, Honor, Country / Every Man a King

General Douglas MacArthur / Huey P. Long

Duty, Honor, Country / Every Man a King

By: General Douglas MacArthur / Huey P. Long

Excerpt of Duty, Honor, Country

General Douglas MacArthur

Explanation:

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3 years ago