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2 years ago

Circular 230 requires due diligence from a practitioner in all of the following circumstances except

Business

1 answer:

Alika [10]2 years ago

8 0

Answer:

(b) selecting and training new hires at the firm

Explanation:

Circular 230 requirement states that a practitioner must exercise due diligence in respect of those matters which relate to preparing, approving and filing tax returns or any other paper to Internal Revenue Services(IRS).

Due Diligence basically means to ensure that actions and information supplied are correct and not false.

So basically it extends to oral or written representations made to IRS or to a client in respect of matter which are administered by IRS.

Selecting and training new hires at the firm does not relate to IRS.

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A software firm has an opening for a software programmer. Jason, the HR manager, is making a list of all the tasks, duties, and

denis-greek [22]

Answer: Job analysis

Explanation:

A job analysis generates:

•Information about the job and the individuals performing the job.

•Job description: tasks, responsibilities, working conditions, work activities, etc.

•Job specification: employee characteristics (abilities, skills, knowledge, tools, values, interests, etc.) needed to perform the job

•Performance standards.

8 0

2 years ago

On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry

Thepotemich [5.8K]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash $1,323

Service charge expense ($1,350 × 2%) $27

To Sales Revenue $1,350

(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

3 0

3 years ago

Sunland Company has beginning work in process inventory of $134000 and total manufacturing costs of $686000. If cost of goods ma

Luda [366]

Answer:

The answer is $160,000

Explanation:

Please refer to the attached file

5 0

3 years ago

About how much should you save in emergency fund

lbvjy [14]

Answer:

a couple thousand. hope this helped

3 0

3 years ago

What is the standard deviation of a stock that has a 10% chance of earning 18%, a 10% chance of making 11%, a 40% chance of maki

Yakvenalex [24]

Answer:

A. 7.95%.

Explanation:

Calculate the expected rate of return for the investment as follows:

$\begin{aligned}\text { Expected rate of return } &=(\text { Probability } \times \text { Rate of return })+(\text { Probability } \times \text { Rate of return })+\\&(\text { Probability } \times \text { Rate of retum }) \\=&(0.40 \times 15 \%)+(0.50 \times 10 \%)+(0.10 \times-3 \%) \\=& 0.06+0.05-0.003 \\=& 0.107$

Calculate the standard deviation of the investment as follows:

$\begin{aligned}\text { Standard deviation }=&\left\{\begin{array}{l} \text { Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)\end{array}\right.$

= $\sqrt{\left(0.40 \times(0.15-0.107)^{2}\right)+\left(0.50 \times(0.10-0.107)^{2}\right)+} \\=\sqrt{0.0007396+0.0000245+0.0018769} \\=\sqrt{0.002641} \\=0.05139066063011$

7 0

3 years ago