Answer:
$2000
Explanation:
CESA is a tax deferred account founded by the USA government to support educational expenses for children that are not more than 18 years of age .
CESA , an acronym for coverdell education savings accounts allows a couple who filed jointly with a modified adjusted income that is not more than $220,000 to contribute not more than $2000 per student for each year.
The contribution is tax free assuming it is less than the account holder's annual adjusted qualifies expenses
Answer:
Yes, because the stock is a direct financial interest.
Explanation:
The principals of the AICPA Code of Professional Conduct contains the responsibilities which are to exercise sensitive professional and moral judgment, in terms of the Public Interest to always honor the public trust and perform responsibilities with the highest sense of integrity.
The 3 Parts of the AICPA code of conduct. This includes:
(1) Members in public practice
(2) Members in business
(3) Other members
In accounting, code of conduct is important as it makes individuals to accept a high degree of responsibility toward the public.
Thd independence of a covered member is impaired when:
A. The covered member has a direct financial interest in a client
B. The covered member has a material indirect financial interest in the client
Direct Financial Interest
This is simply known as the ownership interests that is directly held in a client. An example is stock ownership, even if owned in a blind trust etc.
Answer:
Experiencing declining production capacity because net investment is negative.
Explanation:
Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.
Answer:
Part a
110,000 units
Part b
128,500 units
Explanation:
Break even sales is the level at which a firm makes neither a profit nor a loss.
Break-even (sales) = Fixed Costs ÷ Contribution per unit
where,
Fixed Costs = $14,300,000
Contribution per unit = Sales - Variable Costs
= $380 - $250
= $130
therefore,
Break-even (sales) = $14,300,000 ÷ $130 = 110,000 units
Units to reach Target Profit = (Target Profit + Fixed Costs) ÷ Contribution per unit
= ($2,405,000 + $14,300,000) ÷ $130
= $16,705,000 ÷ $130
= 128,500 units
