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RoseWind [281]
3 years ago
5

Pursuant to Treasury Circular 230, which of the following statements about the return of a client's records is correct?a. The pr

actitioner may retain copies of the client's records.b. The client's records are to be destroyed upon submission of a tax return.c. The practitioner does not need to return any client records that are necessary for the client to comply with the client's federal tax obligations.d. The existence of a dispute over fees generally relieves the practitioner of responsibility to return the client's records.e. None of the above
Business
1 answer:
Katena32 [7]3 years ago
5 0

Answer:

A. The practitioner may retain copies of the client's records

Explanation:

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Robert has a monthly income of $1,650.00. His monthly mortgage payment is $675.00. What percentage of his income does Robert spe
makkiz [27]

Answer:B.40.9%

Explanation:

If $675 spend on mortgage and his monthly income is $1650

So the percentage will be:

$675 / $1650 × 100

= 0.409 ×100

= 40.9%

6 0
3 years ago
The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabricatio
vlabodo [156]

Answer:

$86

Explanation:

The total overhead for Rowland Co. = $652,000 per annum (p/a). broken down across two departments as follows:

Department/Item                     (Treadmill)      ||     (Weight Machine)

                                                    (Direct labor hours in production)      Total

Fabrication = $460,000 p/a            3              ||                 2

Assembly = $192,000 p/a                1              ||                 5

Nos of Units for production            4000          ||              4000

To produce 4000 Weight Machines, would require 8000 fabrication hours and 20,000 assembly hours. while, 4000 treadmills will require 12,000 fabrication hours and 4,000 assembly hours.

Total number of Fabrication hours for the year is 12,000 + 8,000 = 20,000.

Total number of assembly hours for the year is 20,000 + 4,000 = 24,000

Unit cost per hour of fabrication (uF) = $460,000/20,000 = $23

Unit cost per hour of assembly (uA) = $192,000/24,000 = $8

Therefore, the allocated overhead per unit for each weight machine

= (2 * $23) + (5 * $8) = $46 + $40 = $86

3 0
3 years ago
The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on th
IRINA_888 [86]

Answer: Point B

If the demand increases suddenly because of a non-price determinant of demand, equilibrium point will shift to point B. At point B, the demand for mangoes increased from 4000 to 5000 pounds, and the price increased as well, from $5 to $6.

4 0
3 years ago
Read 2 more answers
Last year, Bad Tattoo Co. had additions to retained earnings of $4,865 on sales of $95,805. The company had costs of $75,885, di
Dahasolnce [82]

Answer:

The depreciation expense is $5638.46 and the Addition to retained earnings is 4865

Explanation:

Solution

Given that:

Sales  = $95805

Less: Costs = $75885

Less depreciation expense ($95805 - $75,885 - 14281.54) = $5638.46

EBIT (12161.54 + 2120) = 14281.54

Less: Interest expense =2120

EBT (100%)(7905/0.65) = 12161.54

Less: tax at 35%(12161.54*35%) =4256.54

The Net income(65%) = 7905

The Less:dividends = 3040

Addition to retained earnings =4865

6 0
3 years ago
1. Match each term with the correct definition. LO1.1 economics opportunity cost marginal analysis utility a. The next-best thin
Stolb23 [73]

Answer:

d. Making choices based on comparing marginal benefits with marginal costs

Explanation:

Opportunity Cost Marginal Analysis in Economics helps managers to understand the idea of opportunity cost in making an additional input for output. Presume a manager realizes that there is space in the budget to employ an additional worker. Marginal analysis tells the manager that an additional worker provides net marginal benefit or not and the manager then decides if to hire one more worker or forgo it for an alternative.

6 0
3 years ago
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