Answer:
1.10
Explanation:
The computation of portfolio's beta is shown below:-
= Stock A Beta × Invested in Stock A ÷ Total value + Stock B Beta × (Total value - Invested in Stock A) ÷ Invested in Stock A
= 0.75 × $47,500 ÷ $100,000 + 1.42 × ($100,000 - $47,500) ÷ $100,000
= 0.75 × $47,500 ÷ $100,000 + 1.42 × $52,500 ÷ $100,000
= 0.75 × 0.475 + 1.42 × 0.525
= 0.35625 + 0.7455
= 1.10175
or
= 1.10
Therefore for computing the portfolio beta we simply applied the above formula.
Answer:
Failure to timely pay personal income taxes.
Explanation:
Rules of Conduct
This is simply said to be a full stated guidance to aim to help an auditor in applying broad principles contained in AICPA's Code of Professional Conduct
These Disreputable conduct if commited by an attorney, certified public accountant, or enrolled practitioner, it can therefore lead to them being disbarred or suspended from practice before the Bureau.
Rules sometimes do changes over time due to the fact that members of profession encountered specific ethical dilemmas in complying with the principles of the code
There are 6 Principles of the AICPA Code of Professional Conduct. They cover:
1. Responsibilities
2. The Public Interest
3. Integrity
4. Objectivity
5. Due Care
6. Scope and Nature of Services
The disreputable conduct for which a CPA can be disbarred or suspended includes the following;
1. When they Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value.
2. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment.
Answer:
Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own
Answer:
Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr
Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr
Explanation:
Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr
Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr
