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:
A, B, and C. Division A has the least risk and Division C has the most risk.
Explanation:
the firm has an aftertax cost of debt of 6.1 percent and a cost of equity of 14.3 percent. The firm is financed with 35 percent debt and 65 percent equity. hope this helps you :)
Answer:
1. 300 tires
2. 150 units
3. 32 times
4. 11.4 days
5. $2,400
6. $2,400
Explanation:
Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.
Material cost remains the same whatever the the order level. The costs that vary with the change in order level are ordering cost and holding cost.
The cost incurred to for each order placed is called ordering cost and cost which incurred to hold the inventory for a specific period is called holding cost.
EOQ = 
EOQ = 
EOQ = 300 units
1. EOQ is the level of order That should be placed to minimize the total cost of the business. The manager should order 300 tires in each lot.
2.
Average Inventory = EOQ / 2 = 300 / 2 = 150 units
3.
Number of orders = Total yearly demand / EOQ = 9,600 / 300 = 32 times
4.
Number of days = ( EOQ / total demand ) x 365 = 300 / 9600 x 365 = 11.4 days
5.
Fixed ordering cost = Total Demand / EOQ x $75 = (9600 / 300) x $75 = $2,400
6.
Holding cost = Average Inventory x holding cost per unit = 150 units x $16 = $2,400
Here Holding cost and ordering cost is same at EOQ level.
Answer:
The "Employee salaries and wages" in the flexible budget for December is $85,200
Explanation:
To compute the employee salaries and wages in the flexible budget we have to use the formula which is given below:
= (Fixed element of employee salaries and wages) + (variable element of employee salaries and wages × number of wells service during the year)
= ($56,400) + ($900 × 32 wells)
= $56,400 + $28,800
= $85,200
Other information which is given in the question is irrelevant, thus it is not considered in the computation part.
Hence, The "Employee salaries and wages" in the flexible budget for December is $85,200
Answer:
General Journal Debit Credit
Retained Earning 200,000
Common Stock 200,000
Explanation:
(200,000 outstanding shares x 100% stock dividend x $1 par value of the stock) = 200,000 Common Stock.
