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bekas [8.4K]
2 years ago
13

Jones, a consulting manager of Miller & Co., is considering membership on an audit client's board of directors. Jones does n

ot provide any services to this client. Which statement describing this situation is correct under AICPA rules?
a. Jones may join the board because he is not an auditor.

b. Jones may join the board because he is not a partner.

c. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

d. Jones may not join the board because only non-managerial employees of the firm may serve as client management.
Business
1 answer:
vfiekz [6]2 years ago
3 0

Answer:

C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.

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You've decided to capitalize 100% of your new business by obtaining a loan from a local bank. Your initial funding will
fgiga [73]
Capitalize is to give or invest your capital "money" to a company or an industry.  According to this question you capitalize all of your assets, therefore your initial fundings will come from shareholding. 

And your welcome! 



3 0
2 years ago
Read 2 more answers
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 24,000 shares authorized, 11,4
tankabanditka [31]

Explanation:

Data provided

Number of shares outstanding = 9,600

Cash dividend per share = $0.50

The Journal entry is shown below:-

Retained earning Dr,                            $4,800

       To Common dividends payable             $4,800

(Being dividend declaration is recorded)

Working note:-

Retained earning = Number of shares outstanding × Cash dividend per share

= 9,600 × $0.50

= $4,800

3 0
2 years ago
For product W, a firm has an annual holding cost percentage of 20%, an ordering cost of $110 per order, and annual demand of 15,
Rudiy27

Answer:

812.40 units

Explanation:

Given that,

Annual holding cost percentage = 20%

Ordering cost = $110 per order

Annual demand = 15,000 units

Units Ordered - Price Per Unit

1-250 - $30.00

251-500 - $28.00

501-750 - $26.00

751 and up - $25.00

Optimal order quantity:

= \sqrt{\frac{2\times Annual\ demand\times Cost\ per\ order}{Holding\ cost} }

= \sqrt{\frac{2\times 15,000\times 110}{25\times0.2} }

= \sqrt{\frac{3,300,000}{5} }

= 812.40

Therefore, the optimal order quantity is 812.40 units.

3 0
2 years ago
Helen is a U.S. citizen and a CPA who moved to London, England, three years ago to work for a British company. This year, she sp
True [87]

Answer and Explanation:

$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.

7 0
2 years ago
Charges that firms are using "sweatshop" labor to produce their products are likely to occur during the ________ phase of the st
Rainbow [258]

Answer:

Implementation Phase

Explanation:

After Planning, it is imporrant to carry out clarified Implementation to successfully carry out what need to be done and when. This is important to ensure your plan is achieved without fault. Sweatshop labour which is a situation where workers are employed at low wages and mostlyunder unhealthy conditions to produce products usually occurs during the implementation phase.

7 0
2 years ago
Read 2 more answers
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