What is the name of the Department that controls the Finances for the United States.

What tips should you follow when writing the trip report? Check all that apply.

Anvisha [2.4K]

Answer:

The correct answer is letter "B", "C", and "D".

Explanation:

Trip reports relate the major events of a journey to a different location because of business. companies need it to find out if the employee developed all the activities the trip was set for. They are usually requested with an expense report where workers show how they used the budget approved for the company so they could cover basic needs -food, clothing, and shelter.

<em>Trip reports should identify topics in the opening, including major topics with headings, and cover interest facts for managers.</em>

8 0

3 years ago

If there was no beginning retained earnings, net income of $30,300, and ending retained earnings of $8,000, how much were divide

alexandr1967 [171]

Answer:

$22,300

Explanation:

Assuming that the net income that is stated here was after the payment of all debt obligations (e interest payment and preference share dividends) then this is all income that belongs to shareholders. This income can either be distributed as dividends or retained in the business for future projects and would increase the value of equity in the balance sheet.

Out of the $30,300 net income, if only $8,000 was retained this year then the implication is that the difference between $30,300 and $8,000 was payed out as dividends.

$Dividends paid =$30,300-$8,000 = $22,800$

6 0

3 years ago

You are in charge of your country's currency, which is backed by a gold standard. Unfortunately, gold production is dropping sha

Dahasolnce [82]

Answer:

C. Move to fiat currency

Explanation:

Gold Standard

Gold standard is a monetary system where the paper money issued by the government through its monetary authority must be backed a defined quantity of gold. But nations have since moved from that gold standard and to a monetary system known as Fiat currency. under gold standard the value of money is commensurate with the value of gold backing such a currency.

Fiat currency

When monetary authority issue paper money that is not backed by gold but with the faith of the issuing authority, such is called fiat currency or fiduciary issue. Fiduciary issues is purely based on trust in the government issuing it.

4 0

3 years ago

Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA:

Aleksandr-060686 [28]

Answer:

c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS

Explanation:

Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA

we know that

Giving assessment administrations is on the standard premise that it has a decent confidence conviction that the government form position can be supported whenever tested

therefore

option c is correct

c. Must have a good faith belief that the tax return position has a realistic possibility of success if challenged by the IRS

7 0

3 years ago

Thad Morgan, a motorcycle enthusiast, has been exploring the possibility of relaunching the Western Hombre brand of cycle that w

AleksandrR [38]

Answer:

Explanation:

a. Break even in unit sales = (Fixed expenses ) ÷ (Contribution margin per unit)

= $1,890,000 ÷ ($14,000 - $9,800)

= 450 units

b. Margin of safety = Expected sales - break even sales

= ($14,000 × 600) - ($14,000 × 450)

= $2,100,000

Contribution margin = Sales - Variable cost

= ($14,000 × 600) - ($9,800 × 600)

= $2,520,000

Profit before earning and tax = Contribution margin - Annual fixed cost

= $2,520,000 - $1,890,000

= $630,000

c. Degree of operating leverage = Contribution ÷ Profit before earning and tax

= $2,520,000 ÷ $630,000

= 4

d. Loss on Net operating income = (Sales) - (Variable cost) - Fixed expenses

=($11,000 × 600) - ($9,800 × 600) - $1,456,000

= -$736,000

5 0

3 years ago