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SpyIntel [72]
4 years ago
7

Discussion: AICPA Professional Code of Conduct​

Business
1 answer:
storchak [24]4 years ago
3 0

The aicpa code of professionalism conduct is a collection of codified statements issued by the American institution of certified public accountants that outlines a CPAs ethical and professional responsibilities

the six principles are responsibility, serve the public interest, Integrity, objectivity and Independence, due care, and scope and nature of services.

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Jones Lumber Co. has annual fixed costs including depreciation of $300,000 and variable costs that are 88.25 percent of sales. W
STALIN [3.7K]

Answer:

$2,553,191

Explanation:

The formula to compute the break even point in dollars amount is presented below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,  

Fixed cost = $300,000

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

We assume the sales be 100%

So, the variable cost is

= 88.25%

And, the contribution margin is

= 100 - 88.25

= 11.75%

So, the break even sales would be

= $300,000 ÷  11.75%

= $2,553,191

7 0
4 years ago
The Republic of Gizmovia wants to maintain the exchange rate of its currency, the gizmo, at $0.50, but the current exchange rate
lukranit [14]

Answer:

D) increase; decrease

Explanation:

in order to appreciate the currency by $0.10, the interest rates need to be increased. This will encourage people to save more and thus increase the demand for gizmo that will increase the exchange rate.

This increased interest rate will also decrease the capital outflow out of the country as more people will be willing to take advantage of higher interest on savings in the country than investing outside of the country to leverage opportunities. Thus option D is the right choice.

Hope that helps.

8 0
3 years ago
A customer sells short 100 shares of ABC at $35 and buys 1 ABC Jul 35 Call @ $3. The stock falls to $30 and the customer closes
LUCKY_DIMON [66]

Answer:

The answer is $300 gain.

Explanation:

Operations:

  • Short 100 shares of ABC at $35 each= 100 * 35 = + $3,500
  • Buy 1 ABC Jul 35 Call @ $3 (one call equals to 100 shares)= 100 * (3) = $(300), accumulated = + 3,500 - 300 = + 3,200
  • Closes the option contract at $1 = 100 * 1 = + $100, accumulated = + 3,200 + 100 = + 3,300
  • Buys the stock at the current market price (buys 100 stock @ $30 each)= 100 * (30) = $(3,000), accumulated = + 3,300 - 3,000 = + $300.
5 0
3 years ago
Democratic leadership is characteristics by........
Alex787 [66]

Answer:

B. is a democratic leadership

3 0
3 years ago
Which of the following is true regarding positive organizational scholarship? a. It involves monitoring negative practices in or
Harrizon [31]

Answer:

Letter D is correct. It studies how organizations develop human strengths, foster vitality, and unlock potential

Explanation:

Positive Organizational Scholarship is a way for an organization to motivate and stimulate the capabilities of its employees. It is a way of identifying the strengths and weaknesses of each employee and encouraging them to improve their skills and developing new skills that will help them to succeed. joint result of the company.

5 0
3 years ago
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