a(n) is responsible for verifying that the accounting procedures within a firm are consistent with established accounting principles.

Answers

Answer 1

A certified public accountant (CPA) is responsible for verifying that the accounting procedures within a firm are consistent with established accounting principles. CPAs are highly trained and educated professionals who have a deep understanding of accounting principles and procedures.

They are responsible for ensuring that the financial statements of a company are accurate, complete, and in compliance with generally accepted accounting principles (GAAP). CPAs play a vital role in the financial management of a company.

They help ensure that the company's financial statements are reliable, which is essential for making sound business decisions. CPAs are also responsible for ensuring that the company's accounting procedures are efficient and effective.

They review and analyze the company's financial data to identify areas where improvements can be made, such as reducing costs, increasing revenue, or improving cash flow.

In summary, a CPA is responsible for verifying that the accounting procedures within a firm are consistent with established accounting principles. This ensures that the company's financial statements are accurate, complete, and in compliance with GAAP, which is essential for making sound business decisions.

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Related Questions

What are your concerns about taking standardized tests?​

Answers

Answer:

bc they are standardized

Explanation:

the pressure to want to feel normal on top of the pressure of the fact u not good at testing bc of that pressure alone. mentally not the best choice xd !!!!!¡¡¡¡

Please help. I’m struggling. 20 points !!!!

To propose the idea of creating a partnership with another business, you will need to prepare
a formal business letter to send to the owner of Great BBQ, Hank White. This proposal should
introduce the following ideas:
Forming a partnership would allow both restaurants to sell the other's product and
merchandise.
The partnership would expand both of our businesses and customer base.
.
A more detailed meeting and presentation will follow if Great BBQ is interested.
Prepare a business letter to send to Great BBQ. (8 points)

Answers

Answer:

The letter could be somewhat like this:

Dear Hank White, CEO of Great BBQ

I am John Smith, I am the CEO of a meat distributor. I specialize in prime cuts like New York Ribeye, Tenderloin, and Wagyu Beef with the best Japanese Technique.

I am sure that as business partners, we both could do better than we do right now. I have the best raw material for your restaurant business, and you have the BBQ expertise and knowledge.

I would appreciate if you considered this letter, you can call me any time if you want to discuss further, or write me an email-.

Sincerely

John Smith




In
, people invest money in a company in exchange for the company’s
.


Answers

Answer:

In equity crowdfunding, people invest money in a company in exchange for the company’s shares

Explanation:

Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.

Startups and early-stage companies use this method to raise capital.

Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate

Answers

Answer:

A. A card with a high compound interest rate

Explanation:

it is most likely to result in the borrower

to digital flash drives for $150 plus the cost of the drives. The mailbox rule will not apply if Kathryn accepts the offer by

Answers

The mailboxbox rule is a rule of contract law that states that acceptance of an offer is effective at the time it is sent, not when it is accepted. This rule will not apply if Kathryn accepts the offer by signing a written contract, as this would be an objective indication that she has accepted the offer.

In other words, if Kathryn signs the written contract, it is clear that she has accepted the offer, and the letterbox rule will not apply. The other party may also demand that Kathryn pay for the flash drives before they are delivered, which would further indicate that Kathryn has accepted the offer. Therefore, the mailbox rule will not apply if Kathryn accepts the offer by signing a written contract or paying for the flash drives.

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Mandatory government spending includes which of the following?
a. Infrastructure and science
b. Social Security and Medicare
c. Healthcare and military
d. Education and agriculture

Answers

Social Security and Medicare is the Mandatory government spending. Hence, option B is correct.

What does government spending include?

The federal government spends money on many different things, including Social Security and Medicare as well as military hardware, upkeep of the country's roadways, construction development, research, and education. These expenses can be divided into two groups: necessary and discretionary.

Examples of obligatory spending include contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. Nearly two thirds of all federal spending is accounted for through mandatory spending.

Thus, option B is correct.

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hurry please!!!giving brainliest!

hurry please!!!giving brainliest!

Answers

A. Slower than average

Answer:

A

Explanation:

Essay on importants of natural resourses as a factor of production

Answers

Natural resources play a vital role as a factor of production in economic systems worldwide. They are essential inputs that contribute to the production process and are derived from the Earth's biosphere, atmosphere, and lithosphere. The importance of natural resources stems from their irreplaceable nature and their significant impact on economic development, environmental sustainability, and the overall well-being of societies.

Their role in supporting industries, driving innovation, maintaining ecological balance, and preserving cultural heritage cannot be overstated. It is imperative for societies and policymakers to adopt sustainable practices, promote responsible resource management, and ensure equitable access to natural resources

One of the key reasons natural resources are crucial is their direct contribution to economic growth. Resources such as minerals, fossil fuels, timber, and water provide the raw materials necessary for various industries, including manufacturing, energy production, agriculture, and construction. These industries create employment opportunities, generate income, and drive economic activities, leading to increased production and consumption. Without access to natural resources, economic development would be severely constrained, hindering progress and prosperity.

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Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.

Answers

Answer: the ending inventory at retail is greater than the beginning inventory at retail

Explanation:

In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.

Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.

This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.

Tax Drill - Tax Benefit Rule
Myrna and Geoffrey filed a joint tax return in 2021. Their AGI was $85,000, and itemized deductions were $26,000, which included $7,000 in state income tax. In 2022, they received a $1,800 refund of the state income taxes that they paid in 2021. The standard deduction for married filing jointly in 2021 was $25,100.
Under the tax benefit rule, $_________ of the state income tax refund is included in gross income in 2022.

Answers

Under the tax benefit rule, $1,200 of the state income tax refund in gross income in 2022.

Under the tax benefit rule, if you previously deducted an expense on your tax return and receive a refund or reimbursement for that expense, you may need to include a portion of the refund in your gross income. In this case, Myrna and Geoffrey claimed a deduction of $7,000 for state income tax on their 2021 tax return.

Since they received a refund of $1,800 in 2022, they need to determine the portion of the refund that needs to be included in their gross income.

To calculate the amount, they must compare the tax benefit they received from the deduction to their refund. The tax benefit is the difference between their itemized deductions ($26,000) and the standard deduction for their filing status ($25,100).

Therefore, the tax benefit they received from the state income tax deduction is $900 ($26,000 - $25,100).

Since the refund amount ($1,800) exceeds the tax benefit ($900), they need to include a portion of the refund in their gross income. They must include the lesser of the tax benefit or the refund amount, which is $900.

Therefore, $900 of the state income tax refund is included in their gross income for 2022.

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a speculator is considering the purchase of mexican peso call options (contract size: peso 500,000) with a strike price $0.06/peso. the premium is $0.007/peso.

Answers

The speculator is considering purchasing Mexican peso call options with a contract size of 500,000 pesos, a strike price of $0.06/peso, and a premium of $0.007/peso.

In options trading, a call option gives the holder the right, but not the obligation, to buy a specified quantity of the underlying asset at the strike price within a specific timeframe. In this case, the speculator is considering purchasing Mexican peso call options. The contract size of 500,000 pesos represents the quantity of pesos that the speculator has the right to buy if they exercise the options. The strike price of $0.06/peso is the predetermined price at which the pesos can be bought.

The premium of $0.007/peso is the price per peso that the speculator has to pay to acquire the call options. This premium is an upfront cost and is typically multiplied by the contract size to calculate the total premium. The decision to purchase the call options will depend on various factors, including the speculator's outlook on the future exchange rate of the Mexican peso and their risk tolerance. They will assess whether the potential profit from exercising the options outweighs the premium paid. Additionally, they may consider other market factors, such as volatility and time remaining until the options expire, to evaluate the potential return on investment.

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A loan of $3600 is due in 6 years. If money is worth 3.2% A compounded annually. find the equivalent payments that would settle the debt at the times shown below. (a) now (D) in 2 years lot in 6 vears id) in 11 vears (a) The equivalent loan payment is 55 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answers

The equivalent loan payment that would settle the debt at different times is as follows: (a) now: $3600, (b) in 2 years: $3178.53, (c) in 6 years: $2624.24, and (d) in 11 years: $2117.47.

To calculate the equivalent loan payments, we can use the present value formula. The formula for present value is given as:

PV = PMT / (1 + r)^n

Where PV is the present value (loan amount), PMT is the loan payment, r is the interest rate, and n is the number of years.

(a) Now: The loan amount is $3600, so the equivalent loan payment is $3600.

(b) In 2 years: We need to find the equivalent loan payment in 2 years. The interest rate is 3.2% compounded annually. Plugging in the values into the present value formula:

$3600 = PMT / (1 + 0.032)^2

Solving for PMT, we get PMT ≈ $3178.53.

(c) In 6 years: We need to find the equivalent loan payment in 6 years. Plugging in the values into the present value formula:

$3600 = PMT / (1 + 0.032)^6

Solving for PMT, we get PMT ≈ $2624.24.

(d) In 11 years: We need to find the equivalent loan payment in 11 years. Plugging in the values into the present value formula:

$3600 = PMT / (1 + 0.032)^11

Solving for PMT, we get PMT ≈ $2117.47.

Therefore, the equivalent loan payments that would settle the debt at the specified times are: (a) now: $3600, (b) in 2 years: $3178.53, (c) in 6 years: $2624.24, and (d) in 11 years: $2117.47.

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Good X has very few substitutes while good Y has a lot of substitutes Other things equal demand for good X in likely to be more then demand for good Y Inelastic Perfectly elastic Unit Elastic 2.5 pts

Answers

Without more information about the specific prices and quantities for each good, it is difficult to determine whether the demand for good X or good Y is perfectly elastic or unit elastic. However, based on the information provided, we can say that the demand for good Y is likely to be more elastic than the demand for good X.

Based on the information provided, we can conclude that good X is likely to have a more inelastic demand than good Y. This is because good X has very few substitutes, meaning consumers may not have many alternative options to turn to if the price of good X were to increase. On the other hand, good Y has a lot of substitutes, meaning consumers have many alternative options to turn to if the price of good Y were to increase. This suggests that the demand for good Y is likely to be more elastic than the demand for good X.

To further categorize the elasticity of demand for each good, we can use the following definitions:
- Inelastic demand: when a change in price causes a relatively smaller change in quantity demanded
- Perfectly elastic demand: when a small change in price causes an infinite change in quantity demanded
- Unit elastic demand: when a change in price causes an equal proportional change in quantity demanded

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What. Can a cover letter explain that a resume cannot

Answers

Cover letters can also grant perception and clarification into touchy records that your resume cannot, such as lapses in employment, career changes and layoffs. Just hold an upbeat tone and stay fine in your explanation.

How does a cover letter range from a resume?

Resumes are like a formal record that summarizes your skills, work trip and qualifications in sections. Cover letters are a documented letter structured in paragraphs which explains in detail why you're the high-quality healthy for the job and company.

You have to always opt for sending a cover letter and resume as separate documents; however, be flexible enough to do something the situation requires. Check the employer's directions and attempt to follow them to the letter.

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Using SMART goal-Written criteria blank refers to asking how ?
A.measurable
B.timely
C.specific
D.realistic
E.attainable

Answers

Answer:

A.measurable

Explanation:

Smart is an acronym Specific, Measurable, Achievable,

Realistic and Timely. These are attributes that guide how goals or objectives should be set.

The question of " how" is answered by the attribute 'measurable.'

In this criterion, measurable describes the specific criteria to be used and the ways of measuring progress toward accomplishing the goal. The path to achieving the objective must be meaningful and motivating.

Answer:

Measurable

Explanation:

To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.

Answers

Answer:

D

Explanation:

The answer is D I think

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

Answers

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

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anne wants to decrease the risk of fraudulent use of her credit cards. which strategy would be most effective in accomplishing this?

Answers

The best way to reduce the danger of unauthorised usage is to regularly monitor credit card activity and keep information safe.

There are numerous actions Anne might take to reduce the possibility of unauthorised usage of her credit cards. The best course of action would be to periodically check her credit card activity and go through transactions for any unusual purchases. She can also choose to get notifications when her account or credit report is changed.

Anne should also take care to protect her credit card data by not disclosing it to anybody and keeping the physical card protected. Finally, she may avoid utilising public Wi-Fi when making online transactions and utilise secure payment methods, such as ones that employ encryption technology.

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What primary risk are business owners taking when selling shares of their companies?

Answers

answer:

giving away a percentage of their company and maybe losing their power as only one leader.

explanation:

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Mack is an oil executive. He wants to start a new company with different partners to explore some drilling opportunities. His attorney advises him about the various business forms. When discussing the llc form, his attorney mentions that one of the biggest disadvantages of the llc form is that.

Answers

When discussing the llc form, his attorney mentions that one of the biggest disadvantages of the llc form is that there is no uniform law governing LLCs in the United States.

When you attempt to start an indebtedness company (LLC), you'll be able to value more highly to form your company in any state, irrespective of where you're based. But in most circumstances, your home state is going to be your most-effective option.

It has been attorney enacted in 20 U.S. jurisdictions: Alabama, Arizona, Arkansas, California, Connecticut, the District of Columbia, Florida, Idaho, Illinois, Iowa, Minnesota, Nebraska, New Jersey, American state, Pennsylvania, Mount Rushmore State, Utah, Vermont, Washington, and Wyoming.

As of this writing, the sole state that does not allow the formation of an in-state Series LLC is California. California has specific and strict regulations governing business normally, and there's currently no such thing as a California Series LLC. "Model" acts, as compared, are intended to function guideline legislation which states can borrow from or adapt to suit their respective situations.

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Assume that you are interested in buying a coupon bond. It has a maturity of 12 years, a coupon rate of 9%, and a par value of $100. The required annual return for this bond is 7%. Assume that interest is compounded annually. What is the fair price of this bond

Answers

As with any security or capital investment, the theoretical fair value of a bond is the present value of the stream of cash flows it is expected to generate. Hence, the value of a bond is obtained by discounting the bond's expected cash flows to the present using an appropriate discount rate.

What is a fair bond?

Fair Bond Value means the price calculated by an Independent Financial Adviser as being the average of the prices of the Bonds on each dealing day during the Fair Bond Value Calculation Period.

What do bond prices mean?

A bond's dollar price represents a percentage of the bond's principal balance, otherwise known as par value. A bond is simply a loan, after all, and the principal balance, or par value, is the loan amount . 1 So, if a bond is quoted at $98.90 and you were to buy a $100,000 two-year Treasury bond, you would pay ~$98,900.

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You intend to purchase a 10 year ,10000 face value bond that pays interest of 800 every six months.If your norminal annual required rate of return is 10 percent with semi-annually compounding ,how much should you be willing to pay for this bond ? What's the current yield

Answers

Answer:

Market price = $13,738.49

Explanation:

The yield to maturity of the bond is 8% x 2 = 16%

You require a 10% return, so the present value of the bond should be:

PV of face value = $10,000 / (1 + 5%)²⁰ = $3,768.89

PV of coupon payments = $800 x 12.462 (PVIFA, 5%, 20 periods) = $9,969.60

Market price = $13,738.49

Which one of these values can you usually expect from persons of integrity?​

Answers

VALUE FROM PEOPLE WITH INTEGRITY:

- Responsibility. People who have integrity take responsibility for their actions no matter what they did.

If a consumer were to pursue products and services that seemed to alleviate loneliness, such as playing team sports, going to a bar, and/or shopping in busy malls, the consumer would be expressing a need for _

Answers

The answer would be: Affiliation

A _____ is a document that outlines specific information about your proposed business, including product, location, and marketing information. A. Financial plan b. Franchise agreement c. Partnership contract d. Business plan.

Answers

Answer:

D

Explanation:

Answer:

the answer will be d

Explanation:

because the laws of newtons explains that 2+2+4 so wheni multiply the 3 bermuda triangles i get the answer of 5,350 meaning that when you get a question asked about A _____ is a document that outlines specific information about your proposed business, including product, location, and marketing information.

a.

financial plan

b.

franchise agreement

c.

partnership contract

d.

business plan

 your answer will be d

TRUE/FALSE. All corporate contributions benefit the donors directly.

Answers

False, as it generates cash for the charity not the donor directly

Explain how savers would respond if the interest rate on savings accounts increased. Would they increase or decrease their amount of savings? What about borrowers? Would they increase or decrease their amount of borrowing if the interest rate on loans increased? Explain why.

Answers

Answer:

1. Savers increase their savings as interest rate increases

2. Borrowers decrease their borrowing as interest rate on loans increases

Explanation:

1.

Interest rates are a great determinant of what those who save money get on their deposits. When interest rate increases, people tend to save more so as to earn more interest on their deposits. So it encourages savings. Therefore as interest rate increases savers would increase their amount of savings.

2.

For borrowers, more interest rate on loan amount discourages borrowing. More interest rate means that they would have to pay back more money on the loan amount they borrowed. This implies a rise in the cost of borrowing. So the borrower decreases the amount of borrowing if interest rate on loan increases.

Savers will increase their savings as interest rate increases. Borrowers will borrow less as interest rate increases.

What is interest rate?

Interest rate is an amount charged by a lender to a borrower for any form of debt given, generally expressed as a percentage of the principal.

Interest rate to savers

Higher interest rate encourages savings. When interest rate increases, people tend to save more so as to earn more interest on their deposits.

The above means that savers will increase their amount in savings if the interest rate on savings accounts increases.

Interest rate to borrowers

Higher interest rate discourages lenders from borrowing more. More interest rate means that they would have to pay back more money on the loan amount they borrowed.

It therefore means that borrowers will decrease the amounts of borrowing if the interest rate on loans increases.

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Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.

Answers

Answer: Contract is voided

Explanation:

From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.

We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.

A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.

The development of a national market for goods and services within the united states was largely a result of ________.

Answers

Answer:

Improvements in transportation

Explanation:

:)

Having an accountability partner can be a powerful motivator when
trying to implement new habits in your life.

Answers

Answer:

The given statement is "True". A further explanation is given below.

Explanation:

An accountability partner could be compared to something like a working relationship during which you permit to apprentice each other rather than provide constructive criticism mostly on appropriate period. Collaborating with either the responsibility partner could indeed help you create daily behaviors. Unconsciously, living creatures also have to be squeezed to start up making coordinated actions along the lines of their objective.

Accomplishing your scoring opportunity would become a hardship if you're separated from your group.

Other Questions
Write an equation describing the relationship of the given variables. If you need to type an exponent use the "^" key (shift+6) to indicate the power. For example, x squared (x times x) can be typed as x^2. One variable will go within each submission box. If multiple variables are on one side of the equation then type them in alphabetical order.y varies jointly as the square of x, the square of z, and when x=3 and z=4, then y=72The equation is:Answer = AnswerAnswerAnswer Simplify y^3*y^-5 write your answer using only positive exponents Owner's contributions to a business are made in the form ofA. equipment, supplies, and withdrawalsB. cash, equipment, and withdrawalsC. equipment, supplies, and cashD. supplies, withdrawals, and cash What is 1.3 x 10^4 in standard notation? what is the neural retina (inner layer) and nonneural retina (outer layer)? Why can't Clover speak her thoughts in Animal Farm? thinning of the posterior wall of the lateral semicircular canals without frank dehiscence into the posterior fossa to what extent is the family patriarchal? There are approximately 9.3 x 106 dairy cows in the United States, with each cow producing approximately 2.5 x 10 gallonsof milk each year. How much milk do United States dairy cows produce each year? Write the answer in scientific notation TEXT ANSWER ONLY PLS HURRY 30 POINT FOR THE FIRST ANSWERAccording to OSullivan, why is the United States destined for this onward march Why is air considered a homogeneous mixture What must be a factor of the polynomial function f(x) graphed on the coordinate plane below? The diagram shows a track composed with a semicircle on each end. The area of the rectangle is 14,400 square meters. What is the perimeter of the th rack? Use 3.14 for pi General Importers announced that it will pay a dividend of $1.00 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the new years. Then, 8 years from today, the company will begin paying an annual dividend of $1.00 forever The required return is 10.00 percent. What is the price of the stock today? which client assessment findings indicate to the nurse that leukemia may be present? (select all that apply.) Select the correct answer. There are three cell phone models in a store. When selecting a new cell phone, 25% of the customers choose model A, 33% choose model B, and 32% choose model C. The remaining customers buy from an old collection on which the average profit is $50. If the average profit earned on models A, B, and C is $60, $75, and $40, respectively, what is the expected value of the profit earned on all models? find the domain of y= 2/3 square root of x+5-4 Slower, larger delta waves occur in _____ sleep. nrem-1 (non-rapid eye movement) nrem-2 (non-rapid eye movement) nrem-3 (non-rapid eye movement) rapid eye movement (rem) A pet store sells bags of dog food. The table shows the prices for various amounts and brands of dog food. which one of the following are not steps of a balanced equation?