Answer:
Tax accountants ensure that companies and individuals comply with tax laws by filing their federal and state income tax returns. Some tax accountants also offer tax planning advice to help businesses and individuals save money in taxes.
Answer:
The equivalent units of production for the month is 11,850 units
Explanation:
The computation of the equivalent unit is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (8,900 units × 100%) + (5,900 units × 50%)
= 8,900 units + 2,950 units
= 11,850 units
For computing the equivalent units,we have to consider both the units which are mentioned in the question.
Answer:
Interest receivable 480 Interest revenue 480
Explanation:
The adjusting entry is shown below:
Interest receivable Dr 480 ($9,000 × 8% × 8 months ÷ 12 months)
To Interest revenue 480
(Being the interest receivable is recorded)
The interest receivable is debited as it increased the assets and credited the interest revenue as it also increased the revenue
The eight months are considered from May 1,2018 to December 31,2018
Answer:
Yes
Explanation:
In the context, it is given that I am working as a manager in a financial planning office. One of my employees posted in the twitter that he need $ 500 to pay for his house rent for the month.
I would call the employee and would ask him to remove the post from the social media account as it might hamper the business of our company and sends a negative signal to the customers about the efficiency of the employees.
If the employees of the financial planning office cannot plan his spending and savings, then how the customers will have faith that our office will help them plan their money. It will have a negative effect to our reputation of the company and so I will ask him to remove it form the social media account and prevent anybody from doing this in the future.
