Answer: Martina should draft a memo for the files indicating that Breslin is a difficult client.
Explanation: The tax professional ethics standard states that one has to be under the rules and regulations that abides the profession, most especially the AICPA (American Institute of Certified Public Accountants). This means that for one to be ethical, the person's practice must be professional and in accordance to rules.
Because Martina has to be ethical, and also secure her client, she has to disclose the matter the way her clients wants it, but she also has to indicate that Breslin is a difficult person, so that her disclosure won't appear unprofessional, and for her license to be secured.
It will be unprofessional if Martina cannot handle a difficult clients. It is also unprofessional if Martina option becomes quiting or being sacked for not delivering a job.
Answer: the operating capital is $40.00
Explanation:
operating capital is also known as working capital. it is the value of running a business on daily basis. it is also the value of short term resources available for use in daily activities. it is current assets minus current liabilities of a business.
current assets = cash + inventory + account receivable + short term investment = 20+50+20+60= 150
current liabilities = accruals + account payable + notes payable=50+30+30=110
operating capital = 150 - 110 = 40
Complex decision often needed to be done by cutting off several corners for the most efficient decision to be enactdd.
For example, during the period when business slowed down, one of the most efficient method to maintain the level of profit is simply by cutting down excessive amount of empployees, but that action is considered unethical
Answer:
Explanation:
A)
The regression equation is,
ln(Cell Phone Subscribers) = -820.894 + 0.411704 Year
or,
Percent of Cell Phone Subscribers = exp(--820.894 + 0.411704 Year)
For the year 2005,
Percent of Cell Phone Subscribers = exp(--820.894 + 0.411704 * 2005)
= 96.79%
B)
P-value for the significance of the slope is very low (0.000). Thus, the model is statistically significant and the prediction of the model is highly reliable.
Answer:
$9,000
Explanation:
The computation of the amount of the discount on the bonds at issuance is shown below:
= Par value of the bond - issued price of the bond
= $400,000 - $391,000
= $9,000
By deducting the issued price of the bond from the par value of the bond we can get the discount amount on issuance of the bond and the same is applied above
