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3 years ago

Accountants that have a Certificate in Public Accounting (CPA):

Business

1 answer:

o-na [289]3 years ago

3 0

Answer:

d. all of these statements are true.

Explanation:

A Certified Public Accountant refers to the title of qualified accountants in numerous countries around the world. Accountants that have a Certificate in Public Accounting (CPA) have a lot of restrictions and responsibilities some of which include, being held responsible to provide assurance concerning the reliability of a firm's financial statements. They are also the only accountants permitted to serve as external auditors and must pass a national examination and be licensed by the state in which they practice.

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The direct income capitalization model employs …………. time horizon: ________

jekas [21]

The direct income capitalization model employs an infinite time horizon.

<h3>What is time horizon?</h3>

A time horizon, sometimes referred to as a planning horizon, is a set point in the future where specific activities will be assessed or taken to have concluded.
Assigning such a defined horizon time is important in an accounting, financial, or risk management regime so that alternatives can be assessed for performance over the same time frame.

In the real world, a time horizon is physically impossible. Even though short term horizons like end of day, end of week, and end of month matter in accounting, these horizons are typically used for simple mark to market processes and summing up.

Know more about time horizon with the help of the given link:

brainly.com/question/4985973

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8 0

1 year ago

Wilcox Company has budgeted sales volume of 60,000 units and budgeted production of 54,000 units, while 10,000 units are in begi

VARVARA [1.3K]

Answer:

4,000 units

Explanation:

Given that

Sales volume = 60,000 units

Budgeted production = 54,000 units

Beginning finished goods = 10,000 units

The computation of units for ending finished goods inventory is computed below:-

Budgeted production = Ending finished goods + Sales volume - Beginning finished goods

54,000 = Ending finished goods + 60,000 - 10,000

54,000 = Ending finished goods + 50,000

= 4,000 units

6 0

3 years ago

On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannuall

Minchanka [31]

Answer:

The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.

Explanation:

This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.

The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.

So, the appropriate journals to record this transaction is as provided above.

4 0

3 years ago

Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month

galben [10]

Answer and Explanation:

The Preparation of revenue Journal and cash receipts Journal is shown below:-

Revenue Journal

Date Invoice Debited accounts Accounts received Dr,

 number Fees earned Cr,

March 2 512 Santorini Co. $905

March 8 513 Gabriel Co. $220

March 12 514 Yarnell Inc. $845

March 20 515 Electronic Central Inc. $195

March 31 Total $2,165

Cash Receipts Journal

Date Accounts Post ref. Fees Accounts Cash Dr,

credited earned Cr, receivable Cr,

March 4 CMI Inc. $205 $205

March 19 Yarnell Inc $555 $555

March 28 Marshall Inc.

(Fees earned) $160 $160

March 29 Santorini Co. $905 $905

March 31 McCleary Co.

(Fees earned) $85 $85

Total $245 $1,655 $1,910

8 0

3 years ago

Economics: Which items make up the marketing mix?

Degger [83]

Answer: Price, Product, Promotion and Place.

Explanation:

7 0

3 years ago

Read 2 more answers