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3 years ago

Tax return preparers may generally rely on a client's representations without verification unless:

Business

1 answer:

Valentin [98]3 years ago

4 0

Answer:

Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.

Explanation:

A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.

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The fields company has two manufacturing departments, forming and painting. the company uses the weighted-average method of proc

BlackZzzverrR [31]

The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 26,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. ... Units completed in the forming department are transferred to the painting department.

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3 years ago

The risk-free rate and the expected market rate of return are 0.06 and 0.12, respectively. According to the capital asset pricin

zavuch27 [327]

Answer:

Explanation:

As per Capital Asset Pricing Model (CAPM),

Expected Rate Of Return = $R_{f} \ +\ B(R_{m} \ -\ R_{f} )$

wherein, $R_{f}$ = Risk free rate of return on treasury bonds

B= Beta , which represents the degree of sensitivity of security return to the market return.

$R_{m}$ = Return on market portfolio

Thus, Expected rate of return of security X = 6 + 1.2(12 - 6)

= 13.2%

CAPM model is used for calculating expected rate of return. As per the model, the investors expect a risk premium represented by excess of rate of return of market portfolio over risk free rate , in addition for the risk free rate of return.

The risk premium serves as a compensation for investing in risky securities instead of risk free securities.

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3 years ago

An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a

gizmo_the_mogwai [7]

Answer:

B)an offset.

Explanation:

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3 years ago

A different ethanol processing facility costs $800,000 to construct but will instead last forever.Every year (starting the year

iragen [17]

Answer:

r = 5%

Explanation:

Construction cost 800.000

# of barrels produced 10.000

Price per barrel $4

let the interest rate = r

Equate the net present value = 0

800000 = 10000 x 4/(1 + r) + 40000/(1 + r)2 + .......

800000 = 10000 x 4/r

r = 5%

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3 years ago

You are an employee in Inside Sales. This means you take calls and address customer issues like entering orders, updating orders

Archy [21]

Answer: Structured; Operational control

Explanation:

Structured task could be defined as tasks that are well defined, also larger tasks are broken down to smaller ones so as to be easily carried out at a manageable rate. They are also plans drafted by employees to carry out a task in a way where time and resources are managed very well.

Operational control decision means they are decision carried out during operations, like recording a day to day inventory of tasks that are carrued out by an individual.

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3 years ago