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dangina [55]
2 years ago
8

Kale, a California CPA, is a sole practitioner who prepared 500 tax returns in 20X6. At the end of 20X6 she took over a tax prac

tice from a close friend who died suddenly and will now prepare nearly 900 returns during 20X7. Due to the increased work load and her inability to hire qualified help, Kale because so busy that she forgot to complete all of her required continuing professional education. When it became time to renew her license in May 20X7 she realized that she was 30 hours short of the total hours required, she had not taken enough accounting and auditing hours, and it was the renewal period in which she was required to take her California Regulatory Review course which she had not completed within the previous six years. Given the situation, what must Kale do
Business
1 answer:
Firdavs [7]2 years ago
6 0

Answer:

Kale should apply to have her license put on inactive status while she completes her CPE requirements. During thatperiod of time she may not engage in the practice of public accounting

Explanation:

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Atlas Home Supply has paid a constant annual dividend of $2.40 a share for the past 15 years. Yesterday, the firm announced the
Iteru [2.4K]

Answer:

The current value per share is $25.51

Explanation:

P3 = ($2.40x1.10x1.02)/(0.012 - 0.02)

     = 26.928

P0 = (($2.40x1.10)/1.12) + (($2.40x1.1)/(1.122 ) + ((($2.40x1.1) + $26.928)/1.123 )

    = $25.51

Therefore, The current value per share is $25.51

5 0
2 years ago
P2-2. The Golden Goals, a professional soccer team, prepares financial statements on a monthly basis. The soccer season begins i
disa [49]

Answer and Explanation:

The two adjusting entries are as follows:

On May 31

Rent expense ($1,200,000 ÷ 5 months) $240,000

       To Prepaid rent $240,000

(Being rent expense is recorded)

Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets

On May 31

Unearned rent revenue Dr $148,800

       To Ticket revenue $148,800

(Being unearned revenue is recorded)

Here the unearned rent revenue is debited as it decreased the liability and credited the ticket revenue as it increased the revenue

5 0
1 year ago
a) Terry wants to know the holding period return for a stock that he bought a year ago for $100 per share. The stock is now wort
USPshnik [31]

Answer:

holding period yield is 9.25%

Dividend yield is 0.25%

Capital gains yield is 9.00%

Explanation:

Holding period yield is the total return that accrues to an investment over a period which the investment is owned.

Holding period yield=(Current price-Initial price+dividend)/initial price

current price is $109

initial price is $100

dividend is $0.25

holding period yield =($109-$100+$0.25)/$100

                                  =9.25%

Dividend yield =dividend/initial price

                        =$0.25/$100

                        =0.25%

Capital gains yield=(Current price-initial price)/initial price

                              =($109-$100)?$100

                              =9.00%

Invariably holding period yield is the dividend yield plus capital gains yield.

6 0
2 years ago
Read 2 more answers
. What can the ALSA learn from this experience to help the organization take advantage of the power of social media in the futur
stepladder [879]

Answer:

Explanation:

There was ice bucket challenge, where series of videos emerge that show how people are putting bucket of water on themselves on social media, which involves celebrities such as Lady Gaga, Bill Gate and millions of people.

This makes the video to went viral and even ALSA organization mail a good number of people.This give sensation about people knowing about ALS disease world wide. This ice bucket challenge can be said to be a fund raising success, where there was over $70 millions donation in the next Sunday morning,

The ALSA organization knows very well the benefits that could be derived from it if the event would take place in coming year because they are part of the fund raiser and appreciate it. Therefore,ALSA can learn alot because from this experience been part of the fund raiser to help the organization take advantage of the power of social media in the future.

7 0
2 years ago
Roberta is a customer service representative at a car rental company. Read the passage. Which actions might lead to increased cu
pochemuha

Answer:

Training

Explanation:

Learning within a workgroup is the only way to improve performance. An outstanding representative as Roberta needs to transfer her skills to the rest of the team. One strategy to accomplish that is naming her as responsible for on-board training for the new teamates.

Another strategy is to use surveys after the calls to know what are the opinions of clients regarding services. It allows to identify improvement opportunities.

3 0
2 years ago
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