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Sloan [31]
3 years ago
7

Becker & smith, cpas, and its client, troper lighting, are discussing a possible advisory engagement in which the firm would

review troper's accounts receivable system and recommend changes that would streamline the company's collection process. troper will pay becker & smith a fee based on improved performance in accounts receivable collections. would this contingent fee arrangement raise any ethical concerns under the profession's rules?
Business
1 answer:
Archy [21]3 years ago
5 0

Yes, If Becker & smith also performed a review engagement for troper

Explanation:

If the company already makes a customer review obligation it would add to a conflict of interests to participate into a contingent fee deal.

AICPA explicitly prohibits its participants to join into contingent fee contracts if they still provide audit or assessment of financial statements to such customers.

As a defendant, they pay no attorney fees, until then and until they sue, and then the prosecutor collects a share of your payments for recuperation. The fundamental concept of this contingency fee arrangement is that the defendant has little to no upfront costs. There is no court charge for the prosecutor should you lose your lawsuit.

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Mr.​ Beautiful, an organization that sells weight training​sets, has an ordering cost of ​$45 for the​ BB-1 set​ (BB-1 stands fo
andrew-mc [135]

Answer:

839.216

Explanation:

For we to calculate the total cost, we use the following

Total Cost = Carrying Cost + Stock out Cost

= 0+ $45 x 4 x [.2(100-80)+.2(120-80)+.1(140-80)] = 1368*

Now

Total Cost = Carrying Cost + stock out Cost

Total cost= [10 x 20]+40 x 4 x [.2990-50-20)+.1(110-50-20)]

Total cost = 200-1115.216+4

Total cost = 839.216

8 0
3 years ago
The research and development team will gather important information by first using ________ data.
LuckyWell [14K]

Answer:

secondary data

Explanation:

Secondary data refers to the information or data that have been already gathered by and promptly accessible from different sources. Such information are less expensive and more rapidly possible than the primary data or information and furthermore might be accessible when primary data can not be acquired at all. Common sources of existing secondary data or information incorporate information gathered by government open administrations divisions, libraries, web seeks and censuses, for example, the United States Census. Organizations utilize statistical surveying to draw on existing data from online networking as a source of secondary data.

6 0
2 years ago
Personal trainers often work as independent contractors. What individual type of insurance is most recommended to purchase when
Andrei [34K]

Answer: Liability insurance

Explanation:

4 0
2 years ago
Natalie is using Monster and CareerBuilder in her job search. These sites are examples of ________.
lorasvet [3.4K]

Answer:

General purpose Job boards

Explanation:

A job board can be straightforwardly defines as a website where employers advertise job openings for job seekers

A general purpose job board as seen in the question can be defined as a website that offers job recruitment services in its entirety.

This means that both employees and employers use the site to search for and advertise job openings to job seekers respectively. Popular job boards include Glassdoor, Linkedin, etc.

Cheers.

3 0
3 years ago
When building a business model canvas, the ________ is where your offering goes - how you plan to solve the pains or create the
Anastasy [175]

Answer: value proposition

Explanation:

In simple terms, a value proposition makes a case for why a customer should pick one product over another, citing the unique value the product provides over its contenders.

The Business Model Canvas value proposition provides a unique combination of products and services which provide value to the customer by resulting in the solution of a problem the customer is facing or providing value to the customer. This is the point of intersection between the product you make and the reason behind the customer’s impulse to buy it. A product can have a single value proposition or multiple value propositions.

Most start-ups fail to define their value proposition before they launch their products. This is because entrepreneurs tend to give too much credence to the ‘idea’ they have and run with it as opposed to exploring how this idea would actually perform in the market.

4 0
3 years ago
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