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2 years ago

Martina advises her tax client, Breslin Baked Goods, to disclose a matter by

Business

1 answer:

Angelina_Jolie [31]2 years ago

6 0

Answer:The answer is B

Explanation:

The ethics of a profession are the rules and regulation put in place by the professional body for the profession to guide the conduct of each professionals in the practice of their profession. The ethics of the profession also specify the punishment that will be given to any members that break the rules set for them in code of professionals practice. The pratictioners in the performance of their duties must be objective, show high level of integrity, and must not be seen to be misrepresenting the facts.

The CPA are responsible for given professional advice to their client, they also prepare the tax returns of their client and also they help their client in filing their tax return with the tax authority (IRS). In this case, since Breslin has refused to disclose a matter, Martina has to terminate the engagement and report Breslin to the IRS office of professional responsibility. So that in the event that the IRS now discovered that Breslin Baked Good has not been paying the correct tax they supposed to pay to the government, Martina would have been free of the crime, because he has reported the matter to the IRS to free himself from the blame and not to be regarded as an accomplice in the crime.

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Use what you have learned about risk and return to complete these sentences.

vfiekz [6]

Answer:

To minimize risk, investors should investigate the market and diversify its portfolio.

Interest that builds on the principle and the interest already gained is compound interest

Money invested in a CD always have a fixed rate of return and is less risky than money used to purchase a home.

4 0

2 years ago

Read 3 more answers

You may worry that the indirect organizational strategy is unethical and manipulative, but the alternative—breaking the news blu

jasenka [17]

Question attached

Answer and Explanation:

Ethical: it is ethical to reduce the emotional impact of a bad news by making use of an indirect approach which is less harsh and blunt unlike the direct approach. In situations such as communicating that a person has lost his job, it is important that the manager communicates using indirect approach

Direct: you are communicating facts to someone that has less time. Therefore the direct approach would be most appropriate as it goes straight to the point without delays

Intend to deceive:your boss is extremely busy therefore in this case it would be important to use the direct approach and move straight to the point from the beginning not hiding the bad news at the end of the mail

4 0

2 years ago

The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40

Bezzdna [24]

Answer: 9.03%.

Explanation:

Given: The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40 percent.

Debt to equity ratio is .54

i.e. $\dfrac{debt}{equity}=\dfrac{0.54}{1}\ ...(i)$

Adding denominator to numerator on both the sides, we get,

$\dfrac{debt+equity}{equity}=\dfrac{1.54}{1}\\\\\Rightarrow\ \dfrac{equity}{debt+equity}=\dfrac{1}{1.54}$

i.e. Weighted equity = $\dfrac{1}{1.54}\ ....(ii)$

From (i)

$\dfrac{equity}{debt}=\dfrac1{0.54}\$

Adding denominator to numerator on both the sides we get,

$\dfrac{equity+debt}{debt}=\dfrac{1+0.54}{0.54}$

$\dfrac{equity+debt}{debt}=\dfrac{1.54}{0.54}$

Thus, weight of debt= $\dfrac{1.54}{0.54}$

Now,

Weighted average cost of capital=(Weight of equity) × (cost of equity)+(Weight of debt)×(Cost of debt)×(1-tax rate)

$\dfrac{1}{1.54}\times (0.119)+\dfrac{0.54}{1.54}\times(0.062)\times(1-0.40)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.013044\\\\=0.090314\approx9.03\%$

Hence, the weighted average cost of capital is 9.03%.

4 0

2 years ago

A leader high in initiating structure is most likely to ________.

olya-2409 [2.1K]

A leader who is high in initiating structure is most likely to engage to the following;

· When it comes to deadlines, the leader most likely emphasizes the meeting of this deadlines

· The leader is likely to expect from its workers the standards of their performance to be maintained

7 0

2 years ago

Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners

Andrew [12]

The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000

3 0

2 years ago