Answer:
(b) selecting and training new hires at the firm
Explanation:
Circular 230 requirement states that a practitioner must exercise due diligence in respect of those matters which relate to preparing, approving and filing tax returns or any other paper to Internal Revenue Services(IRS).
Due Diligence basically means to ensure that actions and information supplied are correct and not false.
So basically it extends to oral or written representations made to IRS or to a client in respect of matter which are administered by IRS.
Selecting and training new hires at the firm does not relate to IRS.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The estimated machine-hours for the upcoming year at 79,000 machine-hours.
The estimated variable manufacturing overhead was $7.38 per machine-hour
The estimated total fixed manufacturing overhead was $2,347,090.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2,347,090/79,000 + 7.38= $37.09 per machine-hour
It is because he is paying money so it is a expense
A recession is when the inflation rate is low.. prices are falling dramatically in the market
To find the unit rate you will take the price Jerry paid and divide it by the amount in pounds of pears.
Unit rate = $4.59/5.4 lb
Unit rate = $0.85
You can check your answer by multiplying the amount of pears Jerry purchased by the unit price to get the total price.
(5.4 lb of pairs)($0.85) = $4.59