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Ghella [55]
3 years ago
9

Austin is a self-employed accountant who has been certified in his state. He mostly prepares financial records for small busines

ses and helps individuals file their tax returns. Which type of accountant is Jamie?
A. a corporate accountant
B. a forensic accountant
C. a certified private accountant
D. a noncertified accountant
E. a certified public accountant
Business
2 answers:
posledela3 years ago
6 0

Answer:

certified private accountant

Explanation:

Austin come in the category of a certified private accountant.

A certified private accountant is a personal accountant who gives accounting service to any individual who is in need or to any corporation.

certified private accountant can work as a employee under any individual/corporation or it can operate as private entity.  

certified private accountant help client to file tax return and gives advice on the accounting.

OLga [1]3 years ago
5 0

Answer:

C. a certified private accountant

Explanation:

A certified private accountant  -

The person , who helps to provide an accounting service to a particular person with high net value , is referred to as a certified private accountant .

A private accountant , as the name suggests work for only one particular person , at a time , handling their accounts and financial records , is the task assigned to a certified private accountant .

Hence , from the question , Austin is a certified private accountant .

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What statement about pawn shops is correct?
Gnom [1K]
The correct answer for the question that is being presented above is this one: "B. A pawn shop has lower interest rates than banks." The statement about a pawn shop that is correct is this one: <span>B. A pawn shop has lower interest rates than banks.</span>
6 0
3 years ago
An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS deprec
oksian1 [2.3K]

Answer:

Book Value at end of year 6 = $100,000

Explanation:

An Asset is depreciated to salvage value therefore when depreciation is complete the book value equals salvage value or zero.

Salvage value is an estimated value of what the company expects to earn after using the asset maybe when selling off the asset.

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3 years ago
Read 2 more answers
CVP analysis, shoe stores.The HighStep Shoe Company operates a chain of shoe stores that sell 10 different styles of inexpensive
Lilit [14]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

UNIT VARIABLE DATA:

Selling price $60

Cost of shoes 37

Sales commission 3

Total Variable cost per unit 40

ANNUAL FIXED COSTS

Rent $30,000

Salaries 100,000

Advertising 40,000

Other fixed costs 10,000

TOTAL FIXED COSTS $180,000

1) Break-even point (units)= fixed costs/ contribution margin

Break-even point (units)= 180,000/ (60 - 40)= 9,000 pair of shoes

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 180,000 / (20/60)= $540,000

2) Q= 8,000

Income= quantity* contribution margin - fixed costs

Income= 8000*20 - 180,000= $-20,000

3) Variable costs= $37

Fixed costs= 180,000 + 15,500= $195,500

Break-even point (units)= 195,500 / (60 - 37)= 8,500 pair of shoes

Break-even point (dollars)= 195,500 / (23/60)= $510,000

4) Comission= $2

Variable costs= 42

Break-even point (units)= 180,000 / (60 - 42)= 10,000 pair of shoes

Break-even point (dollars)= 180,000 / (18/60)= $600,000

5) comission= $2 post 9,000 pair of shoes

Income= 9,000*20 + 3,000*18 - 180,0000= $54,000

5 0
3 years ago
Assume instead that (a) freight costs were paid by the vendor, (b) no discounts were taken, and (c) the merchandise on hand at t
cricket20 [7]

Answer:

The missing part of the question is found below:

Cinnamon Buns Co. (CBC) started 2021 with $52,000 of merchandise on hand. During 2021, $280,000 in merchandise was purchased on account with credit terms of 2/10, n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $9,000. Merchandise with an invoice amount of $4,000 was returned for credit. Cost of goods sold for the year was $316,000. CBC uses a perpetual inventory system.

Option A,$318,000 is correct

Explanation:

The points to note  in answering this question are :

The opening inventory of $52,000 was overvalued as $10,000 out of it was held for third as consignment,hence it does belong to Cinnamon Buns Co(CBC).

Secondly,in calculating the costs of goods available the freight charges are disregarded since it assumed to have been paid by the supplier.

Lastly discounts are assumed not have been taken,as a result the purchase and returns should be stated at invoice prices.

Restated opening inventory=$52,000-$10,000=$42,000

Merchandise purchased is $280,000

merchandise returned is $4,000

Costs of goods available=opening inventory+purchases-returns

                                         =$42,000+$280,000-$4000

                                         =$318,000

4 0
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Paragraph Styles Rolling Coast Inc. issued BBB bonds two years ago. These bonds provided a yield to maturity (YTM) of 11.5 perce
Karo-lina-s [1.5K]

Answer:

Explanation:

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current risk premium = 2.8/2 = 1.4%

Current risk free bond yields 7.8 %

So Rolling Coast expected rate of interest on bonds = 7.8 + 1.4

= 9.2 %

5 0
3 years ago
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