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igomit [66]
3 years ago
13

Tax return preparers may generally rely on a client's representations to prepare the client's tax return without verification un

less
Business
1 answer:
mamaluj [8]3 years ago
7 0

Answer:

the information seems incorrect, inconsistent, or incomplete.

Explanation:

An effective system of affidavits can play an important role in promoting integrity, transparency and accountability. Depending on its design, the declaration forms can be used to detect illicit enrichment or to determine if the decision of a public servant has been compromised by a private interest, such as being a previous or external job, being a member of a council or Similary. The declaration system is a component of the integrity system of a country that supports the process of building a culture of integrity and reinforces accountability

A system of affidavits can play an important role in promoting integrity, transparency and accountability. Depending on their design, they can be used to detect illicit enrichment or to determine if the decision of a public servant has been compromised by a private interest, such as being a previous or external job, being a member of a council or similar. The declaration system is a component of the integrity system that supports the process of building a culture of integrity and reinforces accountability.

In addition, by making public the affidavits, the government shows its commitment to transparency and allows social control, adding a new instance of scrutiny.

It can usually be done through a client that you choose and represent, but there is no excess of the problems that you may have in case of having bad skin. That is why it is always recommended to verify and even more when the numbers seem incorrect, erroneous or incomplete.

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Most manufacturing plants are considered cost centers because they have control over A. sales and costs. B. fixed assets and cos
Ierofanga [76]

Answer:

C. Costs Only

Explanation:

Cost centers are areas in an organization that doesn't add money (profit) directly to the organization, but still cost the organization operation money. They are departments in an organization is which cost are charged. Cost centers don't make profit for the organization directly, but they help in making profit indirectly for the organization. They are areas in a company that incurs cost but in indirectly contribute to income received. Example of a cost center is manufacturing plants. Cost centers have control over costs only.

8 0
3 years ago
Read 2 more answers
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73
iren2701 [21]

Answer:

r= .0901, or 9.01%

Explanation:

N=18, PV=73,000, FV=345,000, I=? 9

Therefore:

V = PV(1 +r)t

= (FV/PV)1/t– 1

r= ($345,000/$73,000)1/18– 1

r= .0901, or 9.01%

The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%

4 0
3 years ago
Read 2 more answers
Carla Vista Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,480 per month. One of the
Umnica [9.8K]

Answer:

a). Total fixed costs per month=$9,310

Total variable cost per haircut=$28.10

b). Break-even point=1,900 haircuts

Break-even sales=11×1,900=$20,900

c). Net income=$2,548 profit

Explanation:

a)

Variable costs depend on the level of output. They can be calculated as follows;

Total variable cost per haircut=Commission per haircut+supplies per hair cut+utilities per hair cut

where;

Commission per haircut=$5.50=$5.50

Barber supplies per hair cut=$0.36

utilities per hair cut=$0.24

replacing;

Total variable cost per haircut=5.50+0.36+0.24=$6.10

Fixed costs do not depend on the level of output. They can be calculated as follows;

Total fixed costs per month=base rate per month+manager extra salary per month+advertising per month+rent per month+utilities per month+magazines per month

where;

base rate per month=1,480×5=$7,400

manager extra salary per month=510×1=$510

advertising per month=$220

rent per month=$980

utilities per month=$180

magazines per month=$20

replacing;

Total fixed costs per month=7,400+510+220+980+180+20=$9,310

Total fixed costs per month=$9,310

Total variable cost per haircut=$6.10

b). Break-even point is the point where the cost of goods sold is the same as the amount received in sales;

Cost of goods sold=Fixed costs+total variable costs

where;

Fixed costs=$9,310 per month

Total variable costs=variable cost per haircut×number of haircuts=6.10×n=$6.1 n

replacing;

Cost of goods sold=6.1 n+9,310... equation 1

Total sales=cost per haircut×number of haircuts (n)=11×n=11 n

Total sales=11 n... equation 2

Equate equation 1 and 2

6.1 n+9,310=11 n

11 n-6.1 n=9,310

4.9 n=9,310

n=9,310/4.9=1,900

n=1,900

Break-even point=1,900 haircuts

Break-even sales=11×1,900=$20,900

c). Determine net income

Net income=Revenue-expenses

where;

revenue=11×2,420=$26,620

expenses=(6.1×2,420)+9,310=14,762+9,310=$24,072

replacing;

Net income=26,620-24,072=$2,548

Net income=$2,548

8 0
3 years ago
The price system is an important component of the market because it
WINSTONCH [101]

The price system is an important component of the market because it  coordinates the activities of producers, consumers, and owners of resources.

The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.

In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.

Read more on brainly.com/question/13497344?referrer=searchResults

6 0
3 years ago
You have saved​ $120,000 for your child to attend college. If it is in an account earning an annual rate of​ 8%, how much can yo
harkovskaia [24]

Answer:

I will take $36,230.5 to pay for the education of child.

Explanation:

Cash Invested in the saving account will earn a return of 8% each year and this amount could be withdrawn by the me to pay for the education of child.

We will use following formula to calculate the annual payments

P = r ( PV ) /  [ 1 - ( 1+ r )^-n ]

where

PV = amount of investment = $120,000

r = rate of return = 8%

n = number of period = 4 years

P = 8% ( 120,000 ) / [ 1 - ( 1 + 0.08 )^-4 ]

P = 36,230.5

3 0
3 years ago
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