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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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Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar
KonstantinChe [14]

Answer:

Explanation:

i'll answer it after 2 decades Please be there at same time like today

5 0
3 years ago
Your project to obtain charitable donations is now 33 days into a planned 43-day project. The project is divided into 3 activiti
lord [1]

Answer:

The question has some details missing ; it continues by saying;  Calculate the schedule variance, schedule performance index, cost variance and cost (actually value in this case) performance index. (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round your dollar amounts to the nearest whole number. Round your "performance index" values to 3 decimal places.)

Explanation:

  • Let the three activities be 1, 2 and 3 respectively.

  • Firstly, we compute the budgeted revenue of the project till the 33rd day. In other to do this, we need to compute budgeted revenue of each activity.

  • Hence, Budgeted revenue of work completed for Activity 1= Budgeted revenue X Planned completion till date

  • = 26000 X 100% = $26000

Budgeted revenue of work completed for Activity 2= Budgeted revenue X Planned completion till date

  • = 151000 X 85% = $128350

Budgeted revenue of work completed for Activity 3= Budgeted revenue X Planned completion till date

  • = 52000 X 0% = 0

Thus, budgeted revenue of the project = Budgeted rev. of Activity 1 + Budgeted rev. of Activity 2 + Budgeted rev. of Activity 3

  • = 26000 + 128350 + 0 = $154350

Budgeted revenue of work performed till 33rd day,

Budgeted revenue of work performed for Activity 1 = Budgeted revenue X actual completion date

= 26000 X 91% = $23660

Budgeted revenue of work performed for Activity 2= Budgeted revenue X actual completion date

= 151000 X 54% = $81540

Budgeted revenue for work performed for Activity 3 = Budgeted revenue X actual completion date

= 52000 X 0% = $0

Thus, budgeted revenue of work performed project = Budgeted rev. of Activity 1 + Budgeted rev. of  Activity 2 + Budgeted rev. of  Activity 3

= 23660 + 81540 + 0 = $105,200

Schedule variance = Budgeted revenue of work performed - budgeted revenue of work scheduled = 105200 - 154350 = - $49150

The values gotten is an indication that the project is behind schedule.

Schedule performance index = Budgeted revenue of work performed/ budgeted revenue of work scheduled = 105200 / 154350 = 0.6816

A scheduled performance index of less than 1 also indicates project is behind schedule.

Cost variance = Budgeted revenue of work performed - Actual revenue = 105200 -174000 = -$68800

Cost performance index = Budgeted revenue of work performed / Actual revenue = 105200/ 174000 = 0.6046

A cost performance index of less than 1 also indicates project is performing better than planned performance in terms of revenue

6 0
3 years ago
fun. Real 2009 next limited 45 machines for Ruby's 60000 each the accounting year of the company and John party for smart that p
slamgirl [31]
Brain hurts ! What !?
5 0
2 years ago
To complete a project you can either buy a machine at the beginning of a 4 year period, or hire 10 employees at the beginning of
blagie [28]

Answer:

The company could pay at most $ 187,083.73 for the machine

<em><u>Missing information: </u></em>

effective monthly interest rate j = 0.4%

Explanation:

We calculate the present value of the employee's salaries using the annuity formula

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 5,000.00

time 48 (4 years x 12 month per year

rate 0.004 (0.4% = 0.4 / 100 = 0.004)

5000 \times \frac{1-(1+0.004)^{-48} }{0.004} = PV\\

PV $217,971.2447

Now the PV factor of 0.20 of a dollar to represent the 20% of the machine cost being recovered after four years:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $0.20

time  48.00

rate  0.00400

\frac{0.2}{(1 + 0.004)^{48} } = PV  

PV   0.1651

now, we construct the equation:

217,971,25 - 0.1651X = X

When X is the maximum amount we could purchase the machine.

217,971,25 = X ( 1 + 0.1651)

217,971,25 / 1.1651 = X

X = $ 187.083,7267

<em><u>We verify this:</u></em>

Cost less PV of the salaries plus PV of the residual value = 0

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $ 187,083.73 x 20% = $37,416.74

time  48.00

rate  0.00400

\frac{37416.741}{(1 + 0.004)^{48} } = PV  

PV  of the residual value 30,892.1221

Net present value of the investment:

187.083,70- 217,971.25 +   30,892.1221   ≅ 0

as there is rounding involve there is a minimal difference but we can be satisfy with the answer.

3 0
3 years ago
Assuming that Intel needs to borrow money in the bond market to build a new chip-making factory, an increase in interest rates a
Alexeev081 [22]

Answer:

The cost of borrowing money becomes greater.

Explanation:

To borrow money from the bond the firm Intel needs to issue bonds. Then, it needs to pay interest on these bonds. This interest is the cost of borrowing.

When there is an increase in the interest rate in the market, the firm will be required to more interest. This increases the cost of borrowing from the bond market.

The returns from the new factory may not be able to cover this increased cost of borrowing. As a result the firm will be discouraged from borrowing.

3 0
3 years ago
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