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makvit [3.9K]
1 year ago
7

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?
Business
2 answers:
sergey [27]1 year ago
7 0

<u>Under ACIPA rules, jones can not become the director of the company, as he is a member of the audit for that company.  </u>

Further Explanation:

AICPA:

The full form of AICPA is the American institute of certified public accountants. This is a body that provides the law and certificate to the chartered accountant. This association provides help to the company for maintaining the rules, regulation and procedures according to the company law.  

According to the AICPA rules, any professional firm is providing the services to the company, then the professional firm can not become the director of the company. The professional firm can not join the board of directors. If the professional firm wants to join the company as the board of directors, then the firm has to leave the professional work.  

The professional firm includes the all types of services. The professional firm includes taxation, chartered accountant, company secretary, consulting services and any other service which may help to run the company in a smooth manner.  

Therefore, if the jones wants to join the company as the board of directors. Then the jones has to resign from his current position of manager.  

Learn more:

1. Learn more about position in organization

<u>brainly.com/question/6449808 </u>

2. Learn more about moral values

<u>brainly.com/question/9724636 </u>

3. Learn more about depreciation expense

<u>brainly.com/question/11220357 </u>

Answer details:

Grade: Middle School

Subject: Business

Chapter: AICPA rules

Keywords:

Under ACIPA rules, jones can not become, the director, as he is a member, of the , audit company,American institute of certified public accountants rules, regulation and procedures.  

lord [1]1 year ago
5 0
<span>The AICPA rules would enforce that he is not allowed to join the board since he would be considered a firm professional. This would prevent a conflict of interest where he would serve as a director of a client. The AICPA is the American Institute of Certified Public Accountants.</span>
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Answer:

The construction in process amount reported at December 2021 is $13,695,000

Explanation:

In this question, we are asked to state the amount the company will report construction in the process of.

Firstly, we calculate the profit = Total contract price - Expected costs of contract = $24,900,000-$22,900,000 = $2,000,000

The profit in percentage of cost is; 2,000,000/22,900,000 = 8.73%

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The proportionate profit = 12,595,000 * 8.73 = $1,100,000

The construction in process at December 2021 = Cost incurred + Proportionate profit = 12,595,000 + 1,100,000 = $13,695,000

3 0
2 years ago
Which 3 features should you suggest to your clients to build their brand recognition? a) Get choosy with your fonts and use a fo
gulaghasi [49]

Answer:

a) Get choosy with your fonts and use a font type that matches the company's branding scheme

b) Add a company logo to customer sales forms Use the standard template with no customization

c) Add a splash of color that matches the company's branding scheme

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Brand recognition refers to the recognition of the company brand by identifying with the product tag line, logo, advertising, packaging, etc

It could be identified with the help of audio and video clip so that the people could aware of it

Now for building the brand recognition, the following attributes needed

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2 years ago
You just opened a brokerage account, depositing $4,500. You expect the account to earn an interest rate of 8.57%. You also plan
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Answer:

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Explanation:

Solution

Given that:

Deposit = $4,500

Interest rate =8.57%

Plan to deposit =$3000 at the end of 5 years through 1

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Now

We apply the formula given below:

A=P(1+r/100)^n

Here

A=future value

P=present value

r=rate of interest

n=time period.

Thus

=4500(1.0857)^20+3000(1.0857)^15+3000(1.0857)^14+3000(1.0857)^13+3000(1.0857)^12+3000(1.0857)^11+3000(1.0857)^10

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2 years ago
Regina, a 25-year-old professional, wants to start an investment portfolio. What strategy may her financial advisor suggesta
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Answer:

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Explanation:

Investment portfolio may be defined as the financial investments done by one. It is the collection or ownership of various assets and stocks, bonds, real estates, cash, etc.

In the context, Regina who is 25 year old wishes to start an investment plan. For this her financial advisor may suggest her to start her investment in a moderate portfolio and then later may shift to a high risk portfolio. This is because Regina is young and is new to investment. She is not experience enough to invest in high risk portfolio. When she gains knowledge about investments in her life then she can properly plan her investment in order to achieve maximum profit.

7 0
1 year ago
This program will store roster and rating information for a soccer team. coaches rate players during tryouts to ensure a balance
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Answer:

Explanation:

#include <iostream>

#include <vector>

using namespace std;

int main() {

   vector<int> jerseyNumber;

   vector<int> rating;

   int temp;

   for (int i = 1; i <= 5; i++) {

       cout << "Enter player " << i

            << "'s jersey number: ";

       cin >> temp;

       jerseyNumber.push_back(temp);

       cout << "Enter player " << i

            << "'s rating: ";

       cin >> temp;

       rating.push_back(temp);

       cout << endl;

   }

   cout << "ROSTER" << endl;

   for (int i = 0; i < 5; i++)

       cout << "Player " << i + 1 << " -- "

            << "Jersey number: " << jerseyNumber.at(i)

            << ", Rating: " << rating.at(i) << endl;

   char option;

   '

   while (true) {

       cout << "MENU" << endl;

       cout << "a - Add player" << endl;

       cout << "d - Remove player" << endl;

       cout << "u - Update player rating" << endl;

       cout << "r - Output players above a rating"

            << endl;

       cout << "o - Output roster" << endl;

       cout << "q - Quit" << endl << endl;

       cout << "Choose an option: ";

       cin >> option;

       switch (option) {

           case 'a':

           case 'A':

               cout << "Enter a new player's"

                    << "jersey number: ";

               cin >> temp;

               jerseyNumber.push_back(temp);

               cout << "Enter the player's rating: ";

               cin >> temp;

               rating.push_back(temp);

               break;

           case 'd':

           case 'D':

               cout << "Enter a jersey number: ";

               cin >> temp;

               int i;

               for (i = 0; i < jerseyNumber.size();

                    i++) {

                   if (jerseyNumber.at(i) == temp) {

                       jerseyNumber.erase(

                               jerseyNumber.begin() + i);

                       rating.erase(rating.begin() + i);

                       break;

                   }

               }

               break;

           case 'u':

           case 'U':

               cout << "Enter a jersey number: ";

               cin >> temp;

               for (int i = 0; i < jerseyNumber.size();

                    i++) {

                   if (jerseyNumber.at(i) == temp) {

                       cout << "Enter a new rating "

                            << "for player: ";

                       cin >> temp;

                       rating.at(i) = temp;

                       break;

                   }

               }

               break;

           case 'r':

           case 'R':

               cout << "Enter a rating: ";

               cin >> temp;

               cout << "\nABOVE " << temp << endl;

               for (int i = 0; i < jerseyNumber.size();

                    i++)

                   if (rating.at(i) > temp)

                       cout << "Player " << i + 1

                            << " -- "

                            << "Jersey number: "

                            << jerseyNumber.at(i)

                            << ", Rating: "

                            << rating.at(i) << endl;

               break;

           case 'o':

           case 'O':

               cout << "ROSTER" << endl;

               for (int i = 0; i < jerseyNumber.size();

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                   cout << "Player " << i + 1 << " -- "

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                        << jerseyNumber.at(i) << ", Rating: "

                        << rating.at(i) << endl;

               break;

           case 'q':

               return 0;

           default:

               cout << "Invalid menu option."

                    << " Try again." << endl;

       }

   }

}

4 0
1 year ago
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