Answer:
6.60%
Explanation:
We use the RATE formula that is shown in the attachment
Given that,
Present value = $=1,459.51
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 11% ÷ 2 = $55
NPER = 18 years × 2 = 36 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the coupon rate is
= 3.30% × 2
= 6.60%
Answer:
E. A and B
Explanation:
To be a volunteer in one of the VITA / TCE programs, it is necessary to fulfill some requirements.
We can see one of these requirements in the question above, which states that to be a volunteer in VITA / TCE, the candidate must pass the Standards of Conduct (VSC) certification test annually with a score of 80% or more.
In addition, the candidate must have the Volunteer standarts of Conduct, which states that this candidate will spend at least one year working as a volunteer for the VITA / TCE programs. The candidate must also sign and date Form 13615, Voluntary Conduct Standards Agreement, agreeing to comply with the CVR, maintaining the highest ethical standards.
Answer:
1. The failure to file a personal tax return in a timely manner is usually considered an act discreditable to the profession.
2. Advertising is permitted as long as it is not false or misleading.
Explanation:
It is considered one of the ethics of the AICPA for its members to always file their personal tax return timely. In a case where this is not done, it is considered a discreditable act to their profession. Furthermore, according to the AICPA, as long as what is being advertised portrays true intentions of the organization and does not mislead people, advertising is permitted.
Answer:
1 Plum company has paid USD 7500 for management service to be performed for next two year to be treated as prepaid on the date of payment i.e. July 1
2 Payment made on July 1 for two year means for coming 24 months.
3 Hence USD 7500/24 equals to USD 312.5 which should be charged in Expense account on monthly basis.
4 Period Between July to December is of 6 months
5 Hence the amount to be transferred to expense account would be USD 312.5*6 equivalent to USD 1875
6 Hence E would be correct choice for adjustment entry of prepaid