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aliya0001 [1]
3 years ago
7

Nate Pride spent five years in an accounting educational program and successfully completed a rigorous accounting examination fi

ve years ago. Since then, he has worked for several accounting firms. Currently he is a senior partner in a huge international accounting firm. By profession, Nate is probably a __________.
Business
1 answer:
const2013 [10]3 years ago
3 0

Answer:

Chartered Accountant or Certified public accountant.

Explanation:

Chartered accountant is a designation or degree provided to the Accounting professional across the world except in United states, they have another equivalent designation of Certified public accountant. This designation required knowledge on accounting, tax, auditing, etc. They need to qualify in a rigorous accounting examination. As a professional their responsibility is to create financial statement, filling or helping company to file or calculate tax and providing financial advice.

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At the end of its first month of operations, a company reported Revenue of $37,000. It also reported Wages Expense, $6,000; Rent
Alexxx [7]
Net income = Total revenues — Total expenses
8 0
2 years ago
Highland Industries makes custom yachts using a job cost accounting system. In anticipation of a busy year for 2019, Highland’s
il63 [147K]

Answer:

predetermined overhead per direct labor hour: $11.02

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

To solve for overhead rate we determinate the expected cost and distribute them over a cost driver which is, in this case; direct labor hours

<u>Expected overhead cost:</u>

Machinery maintenance   $   181,350

Utilities                              $  226,380

Supervision                        $   191,000

Materials handling cost     $    67,000

Building occupancy costs $    98,270

Indirect materials               $<u>     31,650 </u>

Total overhead:                 $  795,650

Total direct labor:    72,000

Overhead rate:   795,650 / 72,000 = 11.0206944= $11.02

3 0
3 years ago
Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future. Matthew eagerly accepts. Do they h
WINSTONCH [101]

Answer:

Probably not, because the terms are not definite.

Explanation:

A contract is considered to be valid when there is a written or expressed agreement for one party to deliver goods or services to another.

The terms are clearly stated. For example the price, time of sale, acceptance of price, and so on.

A valid contract has the following elements: offer, acceptance, agreement, and consideration.

In the given scenario where Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future and Matthew eagerly accepts. There is an agreement but there is no specific offer and consideration of price and also the time of transaction.

So the contract is probably not valid because terms are not clearly defined.

3 0
4 years ago
The arrival of personal computer technology gave rise to client server networks that replaced traditional mainframe and minicomp
pishuonlain [190]

Answer:

The correct answer is letter "B": technological paradigm shift.

Explanation:

A paradigm shift takes place when the is a change in the methods and practices that were traditionally used and were conceived as main references due to the introduction of new ideas. Technological paradigm shifts are those caused by the creation of new technology that abruptly alters the market.  For instance, the introduction of e-mails replaced faxes and courier services for mailing.

6 0
3 years ago
Assume Canada can either produce three bushels of barley or six bushels of hay in a set period of time, and China can produce ei
mario62 [17]

Answer:

Explanation:

Abcdefg

5 0
4 years ago
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