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Sergio039 [100]
2 years ago
5

Hayleah is a california cpa practicing in california. to renew her license in active status, hayleah must to meet the basic requ

irement of completing 80 hours of qualifying continuing professional education in the two-year period immediately preceding her license expiration. Her license expires on june 30, 20x7. Which of the following are specific requirements regarding continuing education that hayleah may or may not be covered by depending on the type of work that she performs?
A) Fraud continuing education requirement
B) Government auditing continuing education requirement
C) Accounting and auditing continuing education requirement
D) Hayleah may take all of her 80 hour requirement in any subjects that she chooses.
E) All of the above.Hayleah may take all of her 80 hour requirement in any subjects that she chooses
Business
1 answer:
kenny6666 [7]2 years ago
7 0

When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>

When dealing with governmental accounting:

  • There are certain rules that must be followed.
  • The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

Find out more about different accounting standards at brainly.com/question/24441480.

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The credit balance in cash short and over at the end of an accounting period is reported as?
AVprozaik [17]

The credit balance in cash short and over at the end of an accounting period is reported as an expense on the income statement.

Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.

The definition of income is the amount of money received by an individual, group or business during a specified period. An example income is an annual salary of $70,000.

Income is money received by an individual or business in return for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs.

Learn more about income here:brainly.com/question/25745683

#SPJ4

7 0
1 year ago
Madeline quits her job, at which she was earning $20,000 per year. She then takes $50,000 out of savings, on which she was earni
Alenkinab [10]

Answer:

A. Madeline's accounting cost is $75,000

B. Madeline's economic cost is $100,000

C. Madeline's accounting profit is $75,000

D. Madeline's economic profit is is $50,000

Explanation:

A. To calculate Madeline's accounting cost we would have to make the following calculation:

Madeline's accounting cost=cost of supplies+rent+labour costs

Madeline's accounting cost=$50,000+$10,000+$15,000

Madeline's accounting cost=$75,000

B. To calculate Madeline's economic cost we would have to make the following calculation:

Madeline's economic cost=explicit cost+implicit cost

=$75,000+opportunity cost

=$75,000+0.10*$50,000+earning job

=$75,000+$5,000+$20,000

=$100,000

C. To calculate Madeline's accounting profit we would have to make the following calculation:

Madeline's accounting profit=revenue-accounting cost

=$150,000-$75,000

=$75,000

D. To calculate Madeline's economic profit we would have to make the following calculation:

Madeline's economic profit=revenue-economic profits

=$150,000-$100,000

=$50,000

6 0
3 years ago
Bayram had the opportunity to choose between two investments. The first investment was described as having a 30% chance of succe
DiKsa [7]

Answer:

a framing bias

Explanation:

Framing bias occurs when a person chooses an option based on whether it was presented in positive or negative terms. There is tendency to avoid risk on positive presentation, and seek risk on negative presentation. It is a form of cognitive bias.

On this scenario Bayram is to choose between two investments. One was said to have 30% chance of success and the other a 70% chance of failure.

Although both investments have the same risk and benefit Bayram chose the one that was presented as 30% chance of success.

This phenomenon of choosing based on positive presentation is called framing bias.

4 0
3 years ago
You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. At the e
crimeas [40]

Answer:

Ans. a) $769.27 is the amount of money that you can withdraw every month for 120 months at a rate of 3.2% compounded monthly if you deposit $235.15 every month, for 20 years.

Explanation:

Hi, first we have to turn this compounded rate into an effective rate, in this case, effective monthly, that is by doing the following.

r(monthly)=\frac{0.032}{12} =0,00267

that is 0.267% effective monthly.

Now, we need to take all this annuities to 20 years in the future, which is going to be the present value to use in order to find the amount of moneuy that you can withdraw every month, for 120 months (10 years).

FutureValue=\frac{A((1+r)^{n} -1)}{r}

For A = 235.15; r =0,00267; n=240

FutureValue=\frac{235.15((1+0.00267)^{240} -1)}{0.00267}=78,910.41

Now, in order to find the amount of money to withdraw for 10 years, every month, we have to use the following equation.

PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }

Since the future value 20 years from now is the present value of the annuity we are looking for, all should look like this.

78,910.41=\frac{A((1+0.00267)^{120}-1) }{0.00267(1+0.00267)^{120} }

78,910.41=A(102.5781087)

A=\frac{78,910.41}{102.5781087} =769.27

So the answer is a) $769.27

Best of luck.

8 0
3 years ago
Deere and Company, the maker of John Deere tractors, was one of the first firms to combine electronic machines and computer-inte
tia_tia [17]

Answer:

Flexible manufacturing system

Explanation:

A flexible manufacturing system is a method of production that allows for the easy adjustment of a manufacturer to the type or quantity of product being manufactured whether predicted or unpredicted.

This flexible manufacturing system is possible by the configuration or reconfiguration of computer systems to take up various levels of production.

Flexible manufacturing system has its advantages and disadvantages like any other systems but the main advantage of the flexible manufacturing system is that it helps to effectively manage manufacturing resources such as time, effort, quality, etc.

Its disadvantages include high financial implication to set up, maintenance, complication of system, etc

I hope this helps.

4 0
3 years ago
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