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Brums [2.3K]
3 years ago
9

According to the PCAOB, an accounting firm's independence is least likely to be impaired if the firm

Business
1 answer:
sweet [91]3 years ago
7 0

Answer:

The correct answer is B. Receives a commission from the audit client.

Explanation:

In the "Basis for opinion" section, a statement is required that the auditor:

• It is a public accounting firm registered with the PCAOB and

• You are required to be independent in relation to the company in accordance with the federal securities laws of the United States and the applicable rules and regulations of the SEC and the PCAOB.

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Ann is in the middle of completing her first 1040EZ tax form. She has some questions about an instruction on the form. What shou
Len [333]
Look at the instructions for that form 1040EZ online. If that doesn't help you call the dept of taxation for help
7 0
3 years ago
Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made th
yan [13]

Answer:

a) Navigate to the + New button then find the Transfer link

Explanation:

In the case when the client wants to transfer $500 from the checking to the saving account so that the liabilities of the tax could be covered. Now the process would be started via navigating it to the new button and then find the transfer link

Therefore the correct option is a

Hence, the rest of the options are incorrect

7 0
3 years ago
Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million
Luda [366]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
Consider two stocks, A and B. Stock A has an expected return of 10% and a beta of 1.2. Stock B has an expected return of 14% and
barxatty [35]

Answer:

B; it offers an expected excess return of 1.8%

Explanation:

Here are the options :

A; it offers an expected excess return of .2%A; it offers an expected excess return of 2.2%B; it offers an expected excess return of 1.8%B; it offers an expected return of 2.4%

to determine which stock is the better buy, we have to calculate the expected return of the stocks using CAPM

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Stock A = 5% + 1.2(9% - 5%) = 9.8%

Stock B = 5% + 1.8(9% - 5%) = 12.20%

The next step is to determine the excess return

stated expected return - calculated expected return = excess return

Stock A's excess return = 10% - 9.8% - 0.2%

Stock B's excess return = 14 - 12.20 = 1.8%

Security B would be considered because it has a higher excess return

8 0
3 years ago
Suppose the current market price of corn is $3.75 per bushel. Your firm has a technology that can convert 1 bushel of corn to 3
Aleks04 [339]

Answer:

At 1.783 or more, the conversion yield better gain than sales the corn

Explanation:

The ethanol conversion become attractive if the cost for doing the conversion are lower than the sale revenue for the product.

<u>total cost: raw materials + conversion cost</u>

corn price:           $  3.75

conversion cost:  $  1.60

Total cost:            $  5.35

<u>output: gallon of ethanol per bushel</u>

3 gallons of ethanol per bushel

total cost / output = 5.35/3 = 1.783 cost per gallon

5 0
4 years ago
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