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shtirl [24]
3 years ago
11

3.An AICPA committee in 1986 broke forensic accounting into two broad areas:a.Damages and valuation.b.Investigative accounting a

nd litigation support.c.Accounting and valuation.d.Accounting and general consulting.e.None of the above.
Business
1 answer:
mart [117]3 years ago
6 0

Answer: b. Investigative accounting and litigation support

Explanation:

3.An AICPA committee in 1986 broke forensic accounting into two broad areas which are Investigative accounting and litigation support.

Forensic accounting is when financial crimes are known through the use of investigations and accounting.

Investigate accounting is an accounting that has to do with investigation e.g theft at workplace. Litigation support simply means when legal action are being taken.

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A company’s unit costs based on 100,000 units are: The normal unit sales price per unit is $165. A special order from a foreign
zysi [14]

Answer: $495,000

Explanation: Opportunity cost can be defined as the cost of profits that were foregone by choosing one alternative over other. It is a part of economic cost and is not considered while calculating the accounting cost.

 In the given case, company has to forego the sale of 3000 units due to the special order production, thus, the lost sale of those 3000 units is the opportunity cost of fulfilling the special order.

This, can be computed as follows :-

opportunity cost = 3000 units * $165

                             = $495,000

7 0
4 years ago
In the united states, banks are the most important source of long-term financing for corporations. true or false
Naddik [55]
Antonio Lopez de Santa Anna
6 0
3 years ago
One factor that shifts the consumption schedule is household wealth. Households build wealth by spending their incomes as they e
yanalaym [24]

Answer:

the correct answer is *not spending all their current incomes.

Explanation:

if you look at all the other options, they are not creating wealth but depletes it away. the only way to build wealth is by investing and saving over time. ideally, by not spending all their current income.

6 0
3 years ago
Better Beverages purchased $139,700 of fixed assets that are classified as five-year MACRS property. The MACRS rates are .2, .32
Gnom [1K]

Answer:

= $115,559.84

Explanation:

The MACRS represents Modified Accelerated Cost Recovery System and it represents a depreciation method that is accepted for taxation purpose in the United States. The MACRS allows an asset's capitalized cost's recovery over a period of time based on annual deductions.

From the question, the fixed asset was purchased for $139,700

the MACRS rate to use at the end of 4 years = 0.2, 0.32, 0.192 and 0.1152

The accumulated depreciation therefore,

= (0.2+0.32+0.192+0.1152) x $139,700

= $115,559.84

6 0
3 years ago
The big difference between business process reengineering and continuous improvement programs like TQM or Six Sigma is that ____
Oksanka [162]

Answer:

C. reengineering is a tool for achieving one-time quantum improvement, whereas TQM and Six Sigma programs aim at ongoing incremental improvements.

Explanation:

4 0
3 years ago
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