Answer:
Independence
Explanation:
AICPA actually groups two rules together- Objectivity and Independence.
While it is very possible for both internal and external accountants to be Objective (impartiality and intellectually honest). Only an external accountant can be truly independent especially when p<u>roviding auditing and other attestation services.</u> These services are primarily performed to obtain an independent report or view of the financial state of an organisation.
Actually, it is clearly stated in the AICPA code of professional conduct that members or accountants not in public practice (internal accountants) cannot maintain an appearance of independence.
Every organisation's internal accountant is primarily responsible to the Board of Directors and Management of such an organisation.
A paid occupation, especially one that involves prolonged training and a formal qualification
Answer:
$1,518.15
Explanation:
The company uses the average cost method and the periodic inventory system. Weighted average cost per unit is calculated by the following formula:
Weighted Average Unit Cost =Total Cost of Inventory
/Total Units in Inventory
Total Cost of Inventory in the first year:
Unit Unit cost Total
41 $106 $4,346
73 $89 $6,497
175 $52 $9,100
Total 289 $19,943
Weighted Average Unit Cost = $19,943/289
Cost of goods sold = ($19,943/289) x 267 = $18,424.85
Ending inventory = ($19,943/289) x 22 = $1,518.15
Answer:
Opinion Leader
Explanation:
Based on the information provided within the question it seems that Joe can be called an Opinion Leader. This is a type of leadership in which an individual who has an increased knowledge in a certain area provides his opinion to those who do not. Which is what Joe is providing to the people who ask for his expertise on computer hardware and accessories.
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