Answer:
a. $400,897.66
b. $154,563.40
Explanation:
The computations are shown below:
We know that
Amount = Present value × (1 + rate)^number of years
a. So the amount for 45 years would be
= $5,500 × (1 + 0.10)^45
= $5,500 × 72.8904836851
= $400,897.66
b. The amount before 10 years means 45 years - 10 years = 35 years
= $5,500 × (1 + 0.10)^35
= $5,500 × 28.1024368481
= $154,563.40
The wait 10 years before contributing, your retirement account will be worth approximately $89,464.95 when you retire in 45 years Starting early and contributing consistently can significantly increase your retirement savings due to the power of compound interest.
a. To calculate the future value of your retirement account when you retire in 45 years, you can use the future value formula for a single lump sum investment:
\[FV = PV × (1 + r)^n\]
Where:
- \(FV\) is the future value of the investment.
- \(PV\) is the present value or the initial contribution, which is $5,500.
- \(r\) is the annual interest rate (as a decimal), which is 10% or 0.10.
- \(n\) is the number of years, which is 45.
Now, plug these values into the formula:
\[FV = $5,500 × (1 + 0.10)^{45}\]
\[FV = $5,500 × (1.10)^{45}\]
Using a calculator or spreadsheet, calculate the future value:
\[FV \approx $155,725.41\]
So, your retirement account will be worth approximately $155,725.41 when you retire in 45 years.
b. If you wait 10 years before contributing, you have a shorter time for your money to grow.
In this case, the number of years (\(n\)) is 35. Using the same formula:
\[FV = $5,500 × (1 + 0.10)^{35}\]
\[FV = $5,500 × (1.10)^{35}\]
Calculate the future value:
\[FV \approx $89,464.95\]
For similar questions on 10 years before contributing
https://brainly.com/question/32777918
#SPJ3
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
a. The effect of government regulation on a monopolist's production decisions.
b. The government's decision on how much to spend on public projects.
c. The effects of the Internet on the pricing of used cars.
Answer:
a. The effect of government regulation on a monopolist's production decisions: microeconomics
b. The government's decision on how much to spend on public projects: macroeconomics
c. The effects of the Internet on the pricing of used cars: microeconomics.
Explanation:
Le re-visit the concept of microeconomics and macroeconomics before we apply them to solve the problem.
Microeconomics studies about the behavior of players and how players in the economy ( individuals, households, firms) making decision of resources allocation, how they interact with one another. Thus, it usually studies about market of goods and services.
Macroeconomics studies about economy as a whole, that is, its structures, performances, behavior ( e.g: inflation, unemployment, GDP growth)
a. is microeconomics because it is about how monopoly firms decide its production level given changes in government's regulations.
b. is macroeconomics because it is about public spending ( spending for the whole economy)
c. is microeconomics because it is about how market of used cars is affected ( in term of pricing) as sellers and buyers have new ways of delivering/finding information and connections.
Jordan operates a consulting business. He uses his personal credit card for both business and personal uses. The total finance charges paid for the year were $942. Jordan's total business charges on this card were 37% of all charges. What amount of interest expenses can be deducted on Jordan's Schedule C?
Answer:
The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54
Explanation:
Allowed expense = $942*37%
= $348.54
Therefore, The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54
Jordan can deduct $348.54 as the business portion of the finance charges from his personal credit card on his Schedule C.
Jordan wants to determine how much of the finance charges paid on his personal credit card can be deducted for business purposes on his Schedule C. Given that the total finance charges for the year were $942 and that Jordan's total business charges on the card were 37% of all charges, we can calculate the deductible business interest expense.
We start by calculating the portion of the finance charges that correspond to business use: 37% of $942. To find this amount, we multiply the total finance charges by the percentage that represents business use. So, the calculation would be 0.37 × $942, which equals $348.54.
This means that Jordan can deduct $348.54 as interest expenses for his business on his Schedule C.
Trudeau, Inc. is considering Project A and Project B, which are two mutually exclusive projects with unequal lives.
Project A is an eight-year project that has an initial outlay or cost of $140,000. its future cash inflows for years 1 through 8 are the same at $36,500. Project B is a six-year project that has an initial outlay or cost of $160,000. its future cash flows for year 1 through 6 are the same at 48,000. Trudeau's discount rate (hurdle rate) is 13%.a. find the Net Present Value of Project A and B. if Trudeau has enough resources to invest both into project A and B separately, will he accept them?b. calculate IRR for Project A and B, will he accept these projects based on IRR method?
Answer:
NPV
Project A - $35,155.12
Project B - $31,882.39
Tradeau would choose both project A and B
IRR
Project A - 20.01%
Project B - 19.91%
Tradeau would choose both project A and B
Explanation:
The NPV is the discounted cash flow less the amount invested.
The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.
The NPV and IRR can be found using a financial calculator:
NPV and IRR for project A
Cash flow for year 0 = $-140,000
Cash flow each year from year 1 -8 = $36,500
I = 13%
NPV = $35,155.12
IRR = 20.01%
NPV and IRR for project B
Cash flow for year 0 = $-160,000
Cash flow for year one to six = $48,000
I =13%
NPV = $31,882.39
IRR = 19.91%
The decision criteria using the NPV is to choose the project with postive NPV. both projects have a positive NPV so they would both be chosen.
The decision criteria using the IRR is to choose the project with IRR greater than the discount rate. Both IRRs are greater than the discount rate, so both projects would be chosen.
I hope my answer helps you
The basketball season is about to start, and the owners of the Red Lions team want to advertise that fact in their home metropolitan area. They plan to run a full-page newspaper ad in Metro News. The readership of Metro News is 850,000 and the cost of the ad is $82,000. What is the cost per thousand (CPM) of this campaign?a. $56.22b. $30.00c. $102.08d. $0.50e. $96.47
Answer:
The correct answer is E.
Explanation:
Giving the following information:
They plan to run a full-page newspaper ad in Metro News. The readership of Metro News is 850,000 and the cost of the ad is $82,000.
First, we need to calculate the cost per reader:
CPR= 82,000/850,000= 0.09647
Now, we can calculate the cost per thousand:
CPM= 0.09647*1,000= $96.47
The cost per thousand (CPM) of this campaign is. $96.47
Calculations and Parameters:Given that the readership of Metro News is 850,000 and the cost of the ad is $82,000.
We calculate the cost per reader:
CPR= 82,000/850,000
= 0.09647
Now, we can calculate the cost per thousand:
CPM= 0.09647*1,000
= $96.47
Read more about cost per thousand here:
https://brainly.com/question/26288590
Which of the following is true?Select one:a. Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.b. The departmental overhead rate is not usually based on measures closely related to production volume.c. The departmental overhead rate is most accurate in assigning overhead costs that are not driven by production volume.d. Allocated overhead costs will be the same no matter which allocation method is used.e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.
Answer:
e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.
Explanation:
Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.
For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .
Which of the following would shift the supply curve for roses to the right? a. Valentine’s Day is approaching, and everyone wants to buy roses for the people they love. b. There is a fall in the wages paid to workers that grow roses. c. There is a decrease in the number of firms that grow roses. d. There is an increase in the cost of the seeds that growers plant to grow roses.
Answer:
b. There is a fall in the wages paid to workers that grow roses.
Explanation:
A shift to the right in the supply curve means that the supply of roses increased the quantity of roses at the same price. This is only possible is a change in the cost structured improved the capacity of production of roses at the same use of resources. With a fall in salaries of workers is possible to hire more workers and increase the offer of total roses at a same level of previous cost
Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2018:Operating income $ 250,000Income on discontinued operations 70,000All income statement items are subject to a 40% income tax rate. In its 2018 income statement, Freda's separately stated income tax expense and total income tax expense would be:(A) $100,000 and $100,000, respectively.
(B) $128,000 and $100,000, respectively.
(C) $128,000 and $128,000, respectively.
(D) $100,000 and $128,000, respectively.
Answer:
Income tax expense
= 40% x $250,000 = $100,000
Total income tax expense
= 40% x ($250,000 +$70,000) = $128,000
The correct answer is D
Explanation:
The income tax expense is calculated on the operating income of $250,000 while the total income tax expense is calculated on the gross income of $320,000. Tax is computed at the rate of 40% of the income respectively.
Freda's Florist's separately stated income tax expense and total income tax expense for the year ended December 31, 2018, would be $100,000 and $128,000, respectively. We arrive at these values by applying a 40% tax rate to the combined operating income and income from discontinued operations.
Explanation:To calculate Freda's Florist total income tax expense, we would first need to determine the taxable income, which includes both the operating income and the income on discontinued operations. Let's start by summing those two incomes:
Operating income: $250,000
Income on discontinued operations: $70,000
Total taxable income: $320,000
Then, we apply the tax rate of 40% on this total taxable income to get the total tax expense:
$320,000 * 40% = $128,000.
The separate income tax expense is calculated by applying the tax rate to the operating income: $250,000 * 40% = $100,000.
So, Freda's Florist separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively. Therefore, answer '(D)' is correct.
Learn more about Income Tax Calculation here:https://brainly.com/question/34135935
#SPJ2
Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cumulative preferred stock. In 2016, West declared and paid dividends of $4,000. In 2017, West declared and paid dividends of $20,000. How much of the 2017 dividend was distributed to preferred shareholders? $9,000. $15,000. $5,000. None of these answer choices are correct.
Answer:
2017 preferred shareholders = $5,000
so correct option is $5,000
Explanation:
given data
Outstanding stock = 40,000 shares
common stock = $5
share = 10000 @ 5%
non-cumulative preferred stock = $10
2016 paid dividends = $4,000
2017 paid dividends = $20,000
to find out
2017 dividend was distributed to preferred shareholders
solution
we know here that preferred shares is 5%, $10 par, and there are 10,000 shares outstanding
so preferred shareholders is here
preferred shareholders = $10 × 5% × 10,000 = $5,000
and here $4,000 in dividends declared in 2016
so preferred shareholders received all of that and when preferred shared were cumulative
so in 2017 the preferred shareholders will be
2017 the preferred shareholders = $5,000 + ($5,000 - $4,000) = $6,000
but here when preferred shares are non cumulative
it means that the 2016 shortfall does not carry over to 2017
so in 2017 preferred shareholders receive just the normal amount that is
2017 preferred shareholders = $10 × 5% × 10,000
2017 preferred shareholders = $5,000
so correct option is $5,000
To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon tax. Which of the following is true?
a. the quanitity of the good sold will fall under either policy but there will be no change in the price of the good
b. the quantity of the good sold will fall with the carbon tax policy but not with the cap and trade policy
c. the price of the good sold will rise under either policy but there will be no change in the level of production
d. the price of the good sold will rise under either policy and there will be a reduction in the level of production
e. the price of the good sold will rise with the carbon tax policy but not with the cap and trade policy
Option D is true, the price of the good sold will rise under either policy and there will be a reduction in the level of production
Explanation:
Carbon-free is an effective way, even though the economy puts a monetary price above it and gives a value to the actual cost. Since the pollutant price is still in place, polluters are motivated to reduce pollution and to decide how far the gasses are produced.
In comparison, the restriction or cap on pollution can be published from industry by the cap-and-trade system. This limit is decreased in many cases after the pollution goal is met. If this is the case, the law requires polluters to buy the remaining quota from others with low emissions and generate more than the allotted quota.
Both methodologies will increase the cost of the good generated because it is distortionary. Production should however be decreased because of the control of pollution.
The notion that borrowing to finance a new stadium in a community does not lessen the tax burden on a community; rather it simply delays the inevitable as it substitutes taxes now for taxes later when the dept is repaid is known as ___________:
a. Ramsey Rule.
b. Liquidity Trap.
c. Marginal Analysis Rule.
d. Equivalence Theorem.
Answer:
correct option is Equivalence Theorem
Explanation:
solution
correct option is Equivalence Theorem because equivalence theorem is known as Ricardian equivalence theorem
it states that increases in government spending that have no effect on consumer spending because when government spending increase the consumer predicts the tax cut and high spending will increase the tax rate in future to pay the debt back
so correct option is Equivalence Theorem
The Air Force is in process of completing development on an upgrade to an existing fighter aircraft that will improve survivability and reliability. The contractor has provided the Government with detailed technical drawings and associated costs of the parts, materials, and labor required to produce the system. What cost estimating technique would the Air Force most likely use to prepare their budget estimate for the upgrade?
a. Actual Cost
b. Analogy
c. Parametric
d. Engineering
Answer:
The correct answer is letter "D": Engineering.
Explanation:
Cost engineering is an estimating technique company develops while dealing with complex projects. Usually, a budget is required when implementing new technological equipment or a device that might improve another machine. It includes the costs of procurement, manufacturing, and the final assembly.
When a business wants to change an accounting method for tax reporting, such as the cost-flow method used for inventory, what body must give permission for the change?
Internal revenue service must give permission for the change
Explanation:
The Internal Revenue Service is the federal government's income service. The government agency is a division of the Administration of the Treasury and is subsequently headed by the Internal Revenue Commissioner, designated by the President of the United States for a term of five years.
An adjustment in the accounting method of a company includes a change in its overall plan to pay for gross income or expenses (cash or accumulation methods).
They usually have to request permission to do this by filing Form 3115 with either the International Relations Service if they want to change from the accumulation accounting method to the cash accounting rules.
K has a policy with her husband named as a primary beneficiary and her brother as a contingent beneficiary. One day K's husband and brother both died in a car accident. Who will receive K's proceeds when she dies?
Answer:
K's Estate will receive her proceeds when she dies.
Explanation:
K is the primary beneficiary of her husband, and a contigent beneficiary of her brother.
They die, so K receives proceeds from both of them.
Now, K has to declare her estate, so her proceeds will go to someone when she dies.
So the correct answer is that K's Estate will receive her proceeds when she dies.
Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to OKL, 36 passengers from OKL to TUL, 30 passengers from TUL to FWB, and 49 passengers from FWB to MSY. For the last five flights, what was the load factor? (Make sure your answer is accurate to one decimal place)
Solution:
Total number of seats in the plane = 57
From MSY to DFW = 44 passangers
From DFW to OKL = 49 passangers
From OKL to TUL = 36 passangers
From TUL to FWB = 30 passangers
From FWB to MYS = 49 passangers
So the average number of seats filled per flight
= (44+49+36+30+49) / 5
= 208/5
= 41.6
For the last 5 flights Load factor = Average number of seats filled per flight / Total number of seats in the plane
= 41.6 / 57
= 0.7298
= 72.9%
So for the last five flights the load factor was 72.9%
Factor Co. can produce a unit of product for the following costs:
Direct material $ 8.10
Direct labor 24.10
Overhead 40.50
Total product cost per unit $ 72.70
1. An outside supplier offers to provide Factor with all the units it needs at $42.35 per unit. If Factor buys from the supplier, the company will still incur 70% of its overhead. Factor should choose to ___________?
Answer:
the relevant cost to make is $44.35
Explanation:
given data
Direct material = $ 8.10
Direct labor = 24.10
Overhead = 40.50
Total product cost per unit = $ 72.70
Cost of purchase = $42.35
solution
we know here that 70% of overhead cost is unavoidable
so we can say that it will not be considered for decision making
so here Cost of manufacturing will be
Cost of manufacturing = $8.10 + $24.10 + ( 30% of $40.50 )
Cost of manufacturing = $44.35
and
Cost of purchase is = $42.35
so here we can say the relevant cost to make is $44.35
At the last team meeting both Shelia and Freddy showed up having erroneously accomplished the same task, which meant that one task was left undone. Both Shelia and Freddy were certain that they accomplished their assigned task. Which of the following actions would be most effective to ensure this does not occur again? (A) Assign someone to take detailed meeting minutes/notes to document the discussion.(B) End each meeting with a recap of assignments and send an e-mail indicating assignments.(C) Suggest to the group that a clear chart of roles and responsibility be created.(D) Use a meeting agenda at every meeting and send out the agenda prior to the meeting.
Answer: B
Explanation:
End each meeting with a recap of assignments and send an e-mail indicating assignments. This would allow the assignments stick more so as to prevent lapses.
J has a policy and has a terminal injury. Which of the following benefits would allow J to receive a portion of his proceeds before he dies?
ebjtdvtghrhsthtjhfhceecexsx4scfnhbcecrbtcbfhgry
Which document must a prospective buyer of an existing (resale) condominium unit receive?
Answer:
Governance Form.
Explanation:
The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.
Holdup Bank has an issue of preferred stock with a $5.95 stated dividend that just sold for $96 per share. What is the bank’s cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
6.2%
Explanation:
The instrinsic value of the company's preferred stock can be determined as the sum of all discounted dividends. The cashflow pattern of preferred shares is similiar to perpetuity.
Preferred share price = CF/(1 + Cost of preferred stock) + CF/(1 + Cost of preferred stock)^2 + ... + CF/(1 + Cost of preferred stock)^n, or reduced form as
= CF/Cost of preferred stock
Putting all the number together, we get:
96 = 5.95/Cost of preferred stock, or Cost of preferred stock = 6.2%
Despite differences arising from environmental variation, all foraging economies have shared one essential feature:
A. their willingness to test out new food-producing technologies to see if they are any better than what they are used to.
B. their interest in developing irrigation technologies to control sources of water.
C. their emphasis on devising new forms of organic pesticides.
D. their reliance on welfare supplied by state-level societies.
E. their reliance on available natural resources for their subsistence, rather than controlling the reproduction of plants and animals.
Answer:
Letter E is correct. Their reliance on available natural resources for their subsistence, rather than controlling the reproduction of plants and animals.
Explanation:
The use of natural resources is common and essential to all foraging economies, whose fundamental principle is to produce for their own consumption. These are economies that depend on hunting, gathering or fishing to survive.
However, there is no systematization of economic processes nor the use of socio-structural variables and policies that help these subsistence economies to gain a new perspective on the control and functioning of the economy, which can help in the processes and optimization of the utilization of natural resources.
Which traditional DoD supply chain support strategy holds DoD personnel responsible for providing maintenance and supplies to DoD facilities?
Answer:
Full organic support.
Explanation:
Full organic support is a traditional DoD supply chain assistance policy that accommodates DoD employees accountable towards implementing subsistence and supplies to DoD facilities. This is basically the administration of equipment beyond the DoD accumulation chain including the sustainable assets in accordance amidst DoD Instruction (DoDI) 4105.72, the conventional security associates. Comply with maintaining DoD furthermore Defense Logistics standard accumulation. Employee imperative sourcing and procurement methods are been implemented.
Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2 decimal places. a. If the price level rises to 1.25 in year 2, what is the new value of the dollar? b. If, instead, the price level falls to 0.50, what is the value of the dollar?
Answer:
Consider the following calculations
Explanation:
(a) Price level = 1.25
Value of dollar = 1/Price level = 1/1.25 = 0.8
Thus,
The new value of the dollar is $0.8
(b) Price level = 0.50
Value of dollar = 1/Price level = 1/0.50 = 2
Thus,
The new value of the dollar is $2.
Answer:
a. When the price level rises to 1.25 in year 2, the value of money reduces to $0.80
b. When the price level drops to 0.50, the value of money rises to $2.00
Explanation:
Topic: Price Level and Value of Money
The basic causal relationship between the price level and the value of money is that as the price level goes up, the value of money goes down
Value of Money is calculated using the following formula:
[tex]Value of Money = \frac{1}{Price Level}[/tex]
Given
In year 1 are 1 and $1, respectively
a. When Price Level Rises to 1.25 in year 2
The new value of dollar is calculated using
[tex]Value of Money = \frac{1}{Price Level}[/tex]
By Substituting 1.25 for Price Level, we have
[tex]Value of Money = \frac{1}{1.25}[/tex]
[tex]Value of Money = 0.8[/tex]
[tex]Value of Money = 0.80[/tex] to two decimal places.
Hence, when the price level rises to 1.25 in year 2, the value of money reduces to $0.80
b. When Price level falls to 0.50
The new value of dollar is calculated using
[tex]Value of Money = \frac{1}{Price Level}[/tex]
By Substituting 0.50 for Price Level, we have
[tex]Value of Money = \frac{1}{0.50}[/tex]
[tex]Value of Money = 2[/tex]
[tex]Value of Money = 2.00[/tex] to two decimal places.
Hence, when the price level drops to 0.50, the value of money rises to $2.00
Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart has a marginal tax rate of 32 percent. What is the amount and character of Hart's recognized gain or loss if the asset is tangible personal property sold for $550,000?
Answer:
Gain of $150,000.
Explanation:
The recognized gain/loss of an asset is calculated as below:
Recognized gain/loss of a liquidated asset = Sales price - Net book value of a liquidated asset
= Sales price - (Original purchase cost of a liquidated asset - Accumulated depreciation)
Putting all the number, we get:
Recognized gain/loss of Hart's asset = 550,000 - (500,000 - 100,000) = $150,000
Note: tax rate is only relevant when the question is about calculated casfh inflow from liquidating an asset. If that is the case, we take sale price , then subtracted by the tax on gain/loss.
Wilbert’s, Inc. paid $90,000, in cash, for a piece of equipment three years ago. Last year, the company spent $10,000 to update the equipment with the latest technology. The company no longer uses this equipment in its current operations and has received an offer of $50,000 from a firm who would like to purchase it. Wilbert’s is debating whether to sell the equipment or to expand its operations such that the equipment can be used. When evaluating the expansion option, what value, if any, should Wilbert’s assign to this equipment as an initial cost of the project?a.$40,000b.$50,000c.$60,000d.$80,000e.$90,000
Answer:
b.$50,000
Explanation:
The paid $90,000 and additional $10,000 spent on this equipment is the cost of this equipment, but maybe have been amortized fully in current project already; so we do not need to indicate these amount in the new project.
The company has received an offer of $50,000 for selling this piece of equipment, thus this is an opportunity cost of the project.
And the company should assign this as an initial cost of the project.
Sales taxes tend to be __________ because low income individuals tend to spend more of their income.
Answer:
Regressive.
Explanation:
Sales tax is regressive as it mostly collected from poor or low income consumer, as they spend most of thier income and hardly save money or efford for luxury goods. Sales tax is very important source of revenue for the government, however, it impact heavily on low income people. Low income consumer spend most of the income than consumer with income, which create gap or imbalance between poor and rich.
Grant, Inc. had 60,000 shares of treasury stock ($10 par value) at December 31, 2014, which it acquired at $11 per share. On June 4, 2015, Grant issued 30,000 treasury shares to employees who exercised options under Grant's employee stock option plan. The market value per share was $13 at December 31, 2014, $15 at June 4, 2015, and $18 at December 31, 2015. The stock options had been granted for $12 per share. The cost method is used. What is the balance of the treasury stock on Grant's balance sheet at December 31, 2015?a. $210,000.b. $270,000.c. $330,000.d. $360,000.
Answer:
c. $330,000
Explanation:
Step 1. Given information.
Treasury shares = 30.000
Mount of share acquisition = $11
Step 2. Formulas needed to solve the exercise.
The cost method = treasury shares * Mount of share acquisition
Step 3. Calculation
= 30,000 * 11= $330,000
Step 4. Solution.
Balance of Treasury Stock on Grant's Balance Sheet At December 31,2015 using the cost method is $330,000
Which of the following is NOT a likely reason for companies to act more ethically? Group of answer choices
a. Irresponsible and unethical actions may lead to legal problems for MNEs.
b. Unethical or irresponsible behavior can negatively impact employee morale.
c. Consumer boycotts may result from unethical corporate behavior.
d. The company would like to raise its ranking on the Transparency International scale.
Answer:
d. The company would like to raise its ranking on the Transparency International scale.
Explanation:
The Transparency International scale is a metric usually associated to countries' overall corruption and not widely applied to measure companies' ethical behavior. Therefore, raising its ranking on the Transparency International scale is not a likely reason for companies to act more ethically, especially when compared to the other reasons presented which directly impacts in a company's operations and profitability.
Members should use the AICPA conceptual framework for independence to:
a) come to different conclusions than the interpretations of the code of professional conduct.
b) Evaluate independence matters not addressed in the code of professional conduct.
c) understand the rules on the confidential client information and acts discreditable to the profession.
d) more easily interpret conflicts of interest and subordination of judgement by a member.
Option C is the correct answer. The AICPA's conceptual framework for independence is utilized or used to assess any challenges to members' independence.
Litigation, adverse interest between or among the CPA firm and the client, self-interest, familiarity outcoming in a financial benefit result to the CPA firm, CPA firm owning stock in the client's firm, and so on are all examples of threats
In the new AICPA Code, two conceptual frameworks;
One for participants in public accountingOne for participants in the sector reflects a significant change in substance.The conceptual framework strategy is one manner in which warnings to completely comply with rules originating from a specific link or condition that are not covered by the code can be;
DiscoveredAssessedResolvedTherefore, Option C) "Understand the rules of confidential client information and professional misconduct." is the correct answer.
To know more about these frameworks, click below:
https://brainly.com/question/22596931
when assisting taxpayers in obtaining an ACA exemption, the tax professional should do which of the following first?
a) the tax professionial should first assist the taxpayer in obtaining a Marketplace exemption prior to assisting the taxpayer in claiming a tax return exemption.
b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.
c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.
d) none of these answers is correct. the taxpayer is required to obtain ACA exemption on their own.
Answer and Explanation:
b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.
Answer:
The answer is C
Explanation:
c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.
A mixed cost: A. Requires the future outlay of cash and is relevant for future decision making. B. Does not change with changes in the volume of activity within the relevant range. C. Is directly traceable to a cost object. D. Contains a combination of fixed costs and variable costs. E. Has already been incurred and cannot be avoided so it is irrelevant for decision making. 7. A fixed cost: A. Requires the future outlay of cash and is relevant for future decision making. B. Does not change with changes in the volume of activity within the relevant range. C. Is directly traceable to a cost object. D. Changes with changes in the volume of activity within the relevant range. E. Has already been incurred and cannot be avoided so it is irrelevant for decision making. 8. The three major cost components of a manufactured product are: A. Marketing, selling, and administrative costs. B. Indirect labor, indirect materials, and miscellaneous factory expenses. C. Direct materials, direct labor, and factory overhead. D. Differential costs, opportunity costs, and sunk costs. E. General, selling, and administrative costs. 9. Products that have been completed and are ready to be sold by the manufacturer are called: A. Finished goods inventory. B. Work-in-Process inventory C. Raw materials inventory D. Cost of goods sold. E. Factory supplies. 10. Products that are in the process of being manufactured but are not yet complete are called: A. Raw materials inventory. B. Conversion costs. D. Work-in-Process inventory. E. Finished goods inventory. C. Cost of goods sold. 11. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: A. Cost of goods sold. B. Cost of goods purchased. C. Cost of goods available. D. Beginning merchandise inventory. E. Ending merchandise inventory.
Answer:
6. D. Contains a combination of fixed costs and variable costs.
7. B. Does not change with changes in the volume of activity within the relevant range.
8. C. Direct materials, direct labor, and factory overhead.
9. A. Finished goods inventory.
10. D. Work-in-Process inventory.
11. B. Cost of goods purchased.
Explanation:
6. Mixed cost is a combination of fixed costs and variable costs. Therefore, the option "D" is the correct answer. However, it is not directly traceable to a cost object. The mixed cost has not been incurred until the manufacturer uses it. It cannot change up to a specific volume, but mixed cost increases after that limit — for example - Telephone bill or Electric bill.
7. Fixed cost is the cost that does not change as the volume changes within the relevant range. Therefore, option B is right, and option D is incorrect. Because it does not require the future outlay of cash for decision making, it is not directly traceable to a cost object. If the manufacturer does not rent a house for administrative purposes, it can be avoided.
8. The three major cost components of a manufactured product are-
Direct materials, direct labor, and factory overhead. Those are the combination of manufacturing cost. So, C is the answer. Indirect labor and materials are not major cost components, so B is incorrect. Opportunity cost and sunk costs are decision-making costs, so D is wrong. Selling, administrative, and marketing costs are non-manufacturing costs, so A and E are wrong.
9. When the manufacturing firm has completed the production of a specific product but has not yet sold to the customers or third parties, it is termed as the finished goods inventory. In short, it states that the number of manufactured products that are available for sale. It is a current asset for the manufacturer because those can be sold within a year.
10. Work-in-process inventory is such a type of manufacturing inventory or cost that has not yet been manufactured or partially manufactured or in the process of manufacturing. It is not a conversion costs because it may incur the direct labor and manufacturing overhead. It cannot be a finished good or cost of goods sold.
11. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's cost of goods purchased. Therefore, the option "B" is correct.
The cost of goods sold is measured with the help of the cost of goods purchased. So, option A is incorrect. After adding the costs of goods manufactured with the beginning finished goods inventory, we can get the costs of goods available for sale. Therefore, C, D, and E cannot be the answer.