Answer:
The correct answer is: 36 months or 3 years.
Explanation:
The Department of Treasury Circular 230 establishes the regulations for all those professionals who represent individuals before the Internal Revenue Service (<em>IRS</em>) such as <em>lawyers </em>and <em>accountants</em>. In section 10.29 there is a retention requirement in front of conflict of interest that implies waivers or consents to be retained by the tax professional for <em>3 years post-representation</em> and made available to the IRS if requested.
The pros and cons of the Adjustable-Rate Mortgages are consistent payments and lower interest rates possible.
<h3>What is Mortgage?</h3>
Mortgage refers to the agreement between the lender and the buyer which involves the exchange of the money.
When person and a lender enter into a mortgage, the lender is granted the power to seize your property if person are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Adjustable-Rate Mortgages is the loan which is granted for the homes which depends on the market as it does not has the fixed rate of interest.
The ARS mortgage type offers comfortable consistent payments, and over time, reduced interest rates may be feasible. However, there is a chance that interest will grow, which could be a drawback.
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Answer:
d. Credit to Unearned Management Fees for $60,000.
Explanation:
In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.
So, in case of advanced received by the customer, the journal entry would be
Cash A/c Dr $60,000
To Unearned Management Fees $60,000
(Being amount received in advance)
The asset account should be debited and the liabilities account should be credited.
Productivity is defined by the formula of outputs divided by inputs for a specified period of time.
In advertising, a product is an object, system, or carrier made available for customer use in keeping with patron demand; it's miles anything that can be provided to a market to fulfill the choice or want of a patron.
A product is an item provided for sale. A product may be a provider or an item. it can be bodily or digital or cyber form. each product is made at a cost and each is offered at a fee. The rate that may be charged depends available on the market, the best, the advertising, and the section this is targeted.
There are 4 styles of products and each is classed based totally on client habits, charge, and product characteristics: comfort goods, shopping items, area of expertise merchandise, and unsought items.
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Answer:
loss of $137,000.
Explanation:
<u>Analysis of effects of eliminating business segment</u>
Income :
Savings - Variable Costs $863,000
Savings - Fixed Cost ($203,000 x 30%) $60,900
Total Income $923,900
Costs :
Lost Sales $1,060,000
Total Costs $1,060,000
Financial Advantage/ (Disadvantage) ($137,000)
therefore,
The impact on operating income for eliminating this business segment would be: loss of $137,000.