He for sure was a mechanical revolutional pioneer!
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months
Answer: employees of the audit client.
Explanation:
The options to the question are:
A. employees of the CPA firm.
B) employees of the audit client.
C) other CPA firms engaged to do part of the audit work.
D) specialists employed by the CPA firm to provide technical advice on the audit.
Agency law simply means the agent-principal relationships which is a relationship whereby one party has a legal authority to act and represent the other party.
Based on the above question, the partners of CPA firm are liable for the work of the firm that they are representing. In this case, they'll be liable for the employees of the CPA firm, other CPA firms engaged to do part of the audit work and the specialists employed by the CPA firm to provide technical advice on the audit.
Therefore, the employees of the audit client is not part of the people that them. Hence, this is the answer.
Finance is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them. So the correct option is (d).
What is a Functional area?
Functional area describes a way of segmenting an organization into distinct parts, each of which will act as a fully functional unit carrying out the specified functions. This means that a segmented unit like this accomplishes a specific organizational goal that can be distinguished from the role of other segments. The human resource department, a division within the organization that is divided from other functional areas by the particular obligations that are distinctive to just the human resource department, is an example of such a division within an organization.
Therefore correct answer is (d).
Learn more about Functional area here:
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Answer:
Allocated MOH= $92,625
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 97,500 / 3,000
Predetermined manufacturing overhead rate= $32.5 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 32.5*2,850
Allocated MOH= $92,625