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1 year ago

The aicpa code of professional conduct includes which sections

Business

1 answer:

ollegr [7]1 year ago

4 0

Answer:

The Code of Professional Conduct of the American Institute of Certified Public Accountants consists of two sections--(1) the Principles and (2) the Rules. The Principles provide the framework for the Rules, which govern the performance of professional services by members.

Explanation:

The four parts of the AICPA Code of Professional Conduct are principles, rules of conduct, interpretations of the rules of conduct and ethical rulings.

The three categories of members under the Code of Professional Conduct are 1) members in public practice; 2) members in business; and 3) other members.

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Pendergast, Inc., has no debt outstanding, and has a total market value of $180,000. Earnings before interest and taxes (EBIT) a

satela [25.4K]

Answer:

See the explanation below:

Explanation:

a- Calculate ROE and EPS under each of the economic scenarios before any debt is issued.

Under an expansion

Earnings before interest and taxes (EBIT) = $23,000 * (100% + 20%) = $27,600

Earnings after taxes = $27,600 * (100% - 35%) = $17,940

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $17,940 / $180,000 =

0.0997, or 9.97%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $17,940 /

6,000 = $2.99 per share

Under a recession

Earnings before interest and taxes (EBIT) = $23,000 * (100% - 30%) = $16,100

Earnings after taxes = $16,100 * (100% - 35%) = $10,465

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $10,465 / $180,000 =

0.0581, or 5.81%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $10,465 /

6,000 = $1.74 per share

b- Repeat part a, assuming that the company goes through with the capitalization.

Under an expansion

Earnings before interest and taxes (EBIT) = $23,000 * (100% + 20%) = $27,600

Interest on debt = $75,000 * 7% = $5,250

Page 2 of 2

Earnings after interest = $27,600 - $5,250 = $22,350

Earnings after taxes = $22,350 * (100% - 35%) = $14,527.50

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $14,527.50/ $180,000 =

0.0807, or 8.07%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $14,527.50 /

6,000 = $2.42 per share

Under a recession

Earnings before interest and taxes (EBIT) = $23,000 * (100% - 30%) = $16,100

Interest on debt = $75,000 * 7% = $5,250

Earnings after interest = $16,100 - $5,250 = $10,850

Earnings after taxes = $10,850 * (100% - 35%) = $7,052.50

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $7,052.50 / $180,000 =

0.0392, or 3.92%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $7,052.50 /

6,000 = $1.18 per share

c- Calculate the percentage changes in EPS when the economy expands or enters a recession.

Percentage change under expansion = ($2.42 - $2.99)/$2.99 = 0.1902 decrease, or 19.02% decrease.

Percentage change under recession = ($1.18 - $1.74)/ $1.74 = 0.3218 decrease, or 32.18% decrease

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2 years ago

Caribbean Airlines has installed automated ticket machines in its major airport terminals that enable passengers to purchase tic

nalin [4]

Answer:

Contributor to quality and satisfaction

Explanation:

Service experiences are the results of interrelation between the customers and the organization respectively. Customer satisfaction is one of the basic requirement of any service provider. At some instances, customers play a very important role in achieving the satisfaction and the value of the service received. Also, they have roles in achieving quality and productivity while experiencing the service.

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2 years ago

Credit in developing countries can be granted through formal or informal channels. Formal channels include institutions such as

joja [24]

Answer:

Yes they can be used to purchase goods or invest in a business.

Explanation:

Loans from formal channels like banks and government agencies are usually given for an specific purpose if you own a business or can be handed out for any type of personal use if you request them as an individual. This applies to developed and developing countries.

Loans from informal channels can also be used by a business, specially small businesses, and obviously personal use. Large businesses will probably not take a loan from an informal channel since the interest rates will probably be higher and the amounts will be too small. But even on developed countries, someone who has just graduated can ask his/her parents or a friend for a loan to start a small business or buy a car. Informal channels are based on personal relationships and even though they don't represent a large percentage of loans in developed countries, they also exist.

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2 years ago

Lindsay is training two new sales representatives, Lance and Ayden, to use the revised client-tracking database, which has been

Ira Lisetskai [31]

Answer:

The correct answers are lettera "A", "B" and "D": Be sure that Lance and Ayden know how to connect to Lindsay’s desktop; Frequently ask Lance and Ayden if what she is saying makes sense; Expect to review meeting content due to the limitations of virtual technology.

Explanation:

Thanks to technology, training can be given through online platforms that connect individuals even if they are in different parts of the world. Just like in Linday's case. For her training to be successful, <em>Lance and Ayden must interact with Lindsay so she must make sure both of them are connected properly to her desktop. </em>

<em>After trying the features of the update, Lindsay must make sure both of them are learning and understand what they are doing so asking them if the information provided make sense can help for such a purpose. At the end of the session, Linday has to summarize the content review during the meeting so Lance and Ayden quickly verify what they learned.</em>

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2 years ago

Javier is comparing two checking accounts. One has a monthly fee of $10 and a per-checking fee of $0.05. What is the minimum num

lisabon 2012 [21]

The correct answer is 41

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2 years ago