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Naddik [55]
3 years ago
13

Jack works for Red, Blue and Green CPAs. Each year Red, Blue and Green asks Jack to fill out a form indicating all of his financ

ial interests and those of his family members and close friends. Red, Blue and Green uses these charts to ensure that their auditors comply with the independence standards as described by the AICPA Code of Professional Conduct.Code of Professional Conduct contains examples of situations that may impair an auditor's independence. Relationships are divided into three categories for purposes of the interpretations: immediate family, close relatives, and other relatives and friends. It is important for an auditor to understand how existing relationships fit into these categories so that the auditor can determine if there is an effect on his or her independence. Understanding of relationships is of primary importance to understanding the auditor's Code of Professional Conduct regarding independence. Place the following relationships into the appropriate category.1. Immediate Family2. Close Relative3. Other Relative or Frienda. Dependent b. Childc. Father d. Cousine. Spouse f. Sisterg. Golfh. Partneri. Spouse j. Equivalentk. Brother l. Niecem. Dependent n. Parento. Motherp. Nephewq. Independent r. Childs. College t. Friendu. Grand fatherRoommate
Business
1 answer:
sasho [114]3 years ago
8 0

Answer:

1.Immediate Family:

Spouse

Dependent Child

Dependent Parent

Spouse Equivalent

2.Close Relatives:

Sister

Brother

Father

Mother

Grand Father

Independent Child

3.Other Relatives and Friends:

Niece

Nephew

Cousin

Golf Partner

College Friend

Roommate

Explanation:

AICPA code of professional conduct are standards that are followed by CPA professionals.  It is important and necessary for CPA professionals to understand the rules and standard of professional guidance and abide by them. There are two major sections of Code of Professional Conduct:

1. Rules

2. Standards

Rules are enforceable and required to be followed. Standards are the guidance which helps to make decision in certain situations.

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Milltown Company specializes in selling used cars. During the month, the dealership sold 31 cars at an average price of $15,900
wariber [46]

Answer:

The dealership's sales price variance for the month is $31,000 U

Explanation:

In order to calculate the dealership's sales price variance for the month we would have to calculate the following formula:

Sales price variance = Actual quantity sold x (Actual price - Budgeted price)

According to the given data que have the following:

Actual quantity sold=31 cars

Actual price=$15,900

Budgeted price=$16,900

Therefore, Sales price variance = 31 * ($15,900 - $16,900)

Sales price variance = $31,000 U

The dealership's sales price variance for the month is $31,000 U

8 0
4 years ago
Scarcity means that there are more wants than one can meet based on the limited amount of resources.
vova2212 [387]
I believe the answer is false
I hope this helps!
4 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Pani-rosa [81]

Answer:

Unit Cost = $196

Explanation:

As per the data given in the question,

Total variable overhead estimated = 4×31,400 = $125,600

Total overhead estimated = $125,600+$219,800 = $345,400

Predetermined overhead rate = $345,400÷31,400 = $11 per hour

Total overhead applied = $11×20 = $220

Hence, Total job cost = Direct material + Direct Labor + Total overhead

= $580 + $1,160 + $220

= $1,960

So, Unit cost = $1,960 ÷ 10 = $196

6 0
3 years ago
Read 2 more answers
The cost of creating an email campaign for a product or a service is typically more expensive and takes longer to conduct than a
kirill [66]

"The cost of creating an email campaign for a product or a service is typically more expensive and takes longer to conduct than a direct-mail campaign" is FALSE.

<u>Option: </u>B

<u>Explanation:</u>

Email campaigning is the practice of mailing out a promotional message via online, usually to a collection of people. Each email sent to a prospective or existing client may be regarded email advertising in its purest sense.

It automatically sends ads, soliciting business, or soliciting sales or donations via email. This process is faster than direct-campaign, because direct is time taking and hectic. Require huge manpower and not that effective as e-mailing, as people are more active and available too in online than offline.

6 0
3 years ago
A gantt chart is built using established precedence relationships. <br> a. True <br> b. False
Luden [163]
I believe that it is true, here's an example of such a chart.

8 0
3 years ago
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