D Yhe client has passed away and his or her will Cannot be located
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: Globalization
Explanation: Globalization can be defined as the process under which the the company starts operating its business internationally, that is, in companies other than which it is incorporated.
In the given case, the company in the business is incorporated in USA but is using Indian labor for its manufacturing process and a Taiwan company for its shipping purposes.
Hence, we can conclude that the given case is an example of Globalization.
Answer:
If Mary's idea is implemented the break-even point would increase from 16,000 units to 21,800 units
Explanation:
<em>The break-even point is the level of activity where a business makes no profit or loss. At this level of activity, the total contribution equals the total fixed costs.
</em>
<em>To calculate the break even point in units, we use the formula below:
</em>
<em>Break-even point = Fixed cost for the period / selling price - variable cost</em>
Current break-even point = 128,000/(20-12)
= 16,000 units
With Mary's idea, the break-even point will be
New break-even point = ( 128,000+ 24600)/(19-12)
= 21,800 units
If Mary's idea is implemented the break-even point would increase from 16,000 units to 21,800 units