Select the correct answer from each drop-down menu.

cpas provide assurance on the information for a third party in all of the following situations except

mixer [17]

CPAs provide a guarantee at the statistics for a third birthday celebration in all the following situations except management preparing the department price range for next year.

A licensed public accountant (CPA), however, is a person who has earned an expert designation thru a combination of schooling, experience and licensing.

CPAs are legal to carry out a wide range of accounting services, consisting of accounting, guidance engagement, control advisory, financial advisory, tax, and consulting services; but, no longer all CPAs are legal to signal reports on attest engagements.

It is taken into consideration as one of the maximum difficult checks for obtaining standardized professional credentials. when the countrywide pass price is about 1 in 2, those who will finally need to take the CPA examination ought to use every resource feasible to offer them an area in opposition to an almost 50% fail rate.

Learn more about CPAs here:

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6 0

2 years ago

Imagine that the government statisticians who calculate the inflation rate have been updating the basic basket of goods once eve

exis [7]

The substitution bias causes an inflation rate calculated using a fixed basket of goods over time to overstate the true rise in the cost of living because it does not take into account that people can substitute away from goods whose prices rise disproportionately.

Explanation:

When the price of a good rises, consumers tend to purchase less of it and to seek out substitutes instead.

On the other hand , if the price of a good falls, people will tend to purchase more of it and not opt for its substitutes

This concept implies that goods with generally rising prices should tend over time to become less important in the overall basket of goods used to calculate inflation, while goods with falling prices should tend to become more important for the calculation of inflation

The quality/new goods bias causes inflation calculated using a fixed basket of goods over time to overstate the true rise in cost of living because improvements in the quality of existing goods and the invention of new goods are not taken into account. 

6 0

3 years ago

Malik's first day as a new manager ended up more challenging than he expected. While having to adjust to a new workplace and new

Elis [28]

Explanation:

In this case, the ideal would be for the new manager Malik to develop an action plan so that he could retain the employee that everyone referred to as one of the best in the company and with high potential.

When the employee exposes his or her dissatisfactions with the job to the manager, such as exhaustion and frustration, the manager must conduct an in-depth analysis of the causes of the employee's problem. It is important to know that exhaustion can be caused by overwork and frustration due to lack of motivation and challenges at work.

The ideal, therefore, would be for Malik to find a strategy to make the exemplary employee's work more flexible and thus his tasks would become more dynamic and facilitated as much as possible, which would assist in the employee's productivity and motivation.

It would also be ideal to institute new work challenges for employees with appropriate training and work redesign, so that their problems are reduced and their appreciation and satisfaction with their work is increased.

5 0

3 years ago

Problem 1 (15 Points Total): a) (5 points) For an interest rate of 1% per quarter, determine the nominal interest rate per i) se

IgorLugansk [536]

Answer:

Nominal interest rate semi annual =2%

Nominal interest rate yearly = 4%

Nominal interest rate per 2 year = 8%

4 quarters in 1 year

Explanation:

given data

interest rate = 1%

deposit = $100 per week

interest = 6% per year

solution

when quarterly interest rate is 1%

so that here Nominal interest rate per semi annual period will be

Nominal interest rate semi annual = 1% × 2

Nominal interest rate semi annual =2%

and

Nominal interest rate per year will be

Nominal interest rate yearly = 1% × 4

Nominal interest rate yearly = 4%

and

Nominal interest rate per 2 year will be

Nominal interest rate per 2 year = 1% × 8

Nominal interest rate per 2 year = 8%

and

when Interest rate compounded quarterly is 6% per year

so here Interest period 1 year as interest will be paid annually

and Compounding period is 1 quarter is compounding quarterly

and here

Interest will be compounded 4 times in 1 interest period

so there is 4 quarters in 1 year

7 0

3 years ago

On July 1, 2011, Hale Kennels sells equipment for $66,000. The equipment was originally purchased on July 1, 2007 at a cost $180

topjm [15]

Answer:

Accumulated Depreciation As of December 31, 2010 = $105,000

Explanation:

Under the straight line method of depreciation, the cost of an asset less the salvage value is spread equally over the expected useful life.

Annual depreciation:

= (cost of assets - salvage value)/ 5 years

= (180,000 -30,000)/5

=.$30,000

From July 1 2007 to December 31 2010 = 3 years 6 months = 42 months

So total accumulated depreciation at the end of 3 years 6 months :

= ( 30,000/12) × 42

= $105,000

Accumulated Depreciation As of December 31, 2010 = = $105,000

4 0

4 years ago