g culver's recording studio rents studio time to musicians in 2-hour blocks. each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. anticipated annual volume is 1,290 sessions. The company has invested $2,343,000 in the studio and expects a return on investment (ROI) of 22%. Budgeted costs for the coming year are as follows. Per Session TotalDirect materials (CDs, etc.) $ 19.80 Direct labor $407.00 Variable overhead $ 55.00 Fixed overhead $1,033,320 Variable selling and administrative expenses $ 35.00 Fixed selling and administrative expenses $542,820

Answers

Answer 1

The budgeted costs are used to calculate the expected return on investment (ROI) of 22%.

What is return on investment?
The ratio of net income (over a period of time) to investment is known as return on investment (ROI) or return on costs (ROC). A high ROI indicates that the returns on the investment outweigh the costs. ROI is used as a performance metric to assess an investment's effectiveness or to compare the effectiveness of several different investments. It is a method of connecting profits to capital invested in terms of economics.

The ROI is calculated by taking the total expected profit (or revenue) and dividing it by the total investment (in this case, $2,343,000).

The total expected profit is calculated by multiplying the number of sessions (1,290) by the total expected revenue per session. The total expected revenue per session is calculated by adding together the total direct materials costs ($19.80), direct labor costs ($407.00), variable overhead costs ($55.00), variable selling and administrative expenses ($35.00), and fixed overhead and selling and administrative expenses ($1,033,320 + $542,820).

Therefore, total expected revenue per session = $19.80 + $407.00 + $55.00 + $35.00 + $1,033,320 + $542,820 = $1,593.00

Total expected profit = 1,290 x $1,593.00 = $2,044,770

ROI = Total expected profit / Total investment = $2,044,770 / $2,343,000 = 22%.

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Related Questions

exchanging unimproved land for a warehouse is a like-kind exchange.

Answers

Because both unimproved land and warehouses are real estate, trading one for the other is regarded as a like-kind exchange.

What is a warehouse?

Warehouses are utilized by wholesalers, shipping businesses, manufacturers, importers, exporters, customs, etc. They are often large, uncomplicated buildings in industrial parks that are located on the outskirts of cities, towns, or villages. Warehouses frequently have docks for loading and unloading freight from lorries. For the purpose of loading and unloading cargo from trains, ships, and airplanes, warehouses can occasionally be designed expressly. They commonly use cranes and forklifts for moving things, which are frequently placed on ISO standard pallets before being loaded into pallet racks. The term "stored goods" refers to any materials used in manufacturing, production, or agriculture that are used as raw materials, packaging, spare parts, components, or finished goods. In India and Hong Kong, a warehouse is referred to as a "godown."

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Which of the following are employer payroll costs?
I. FICA taxes.
II. Federal and state unemployment taxes.
III. Federal and state income taxes.
IV. Employer contributions to a retirement plan.
Multiple Choice
I and IV
I, III, and IV
I, II, and IV
II and III

Answers

Boss finance costs Government and state joblessness charges, Manager commitments to a retirement plan.

Which one is included in the payroll taxes paid by the employer?

Companies are responsible for paying employer payroll taxes, which include the Social Security tax, Medicare tax, federal unemployment tax, and state unemployment tax.

Which one is not included in the payroll taxes that the employer pays?

State and federal income taxes. Although you, as the employer, deduct income taxes from your employee's wages, the employee is the only one who is responsible for paying them.

Which tax is paid solely by the employer?

the main expenses that the business should settle are joblessness charges. The total gross earnings for the pay period are the basis for the amount entered for payroll tax expense. Both employers and employees are responsible for paying social security tax. The earnings of employees that the employer holds for payment become liabilities for the business.

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a _____ is responsible for creating and maintaining an organization’s intranet and extranet.

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Webmaster is responsible  for creating and maintaining an organization's intranet and extranet.

What is the job of a webmaster?

The Webmaster is the main point of contact for all matters relating to the organization's website(s), and they are responsible for a wide range of tasks, such as web design and development, regular site and content maintenance, and various updates to make sure the sites are in line with the company's goals and objectives.

What do they now call a webmaster?

A person who manages one or more websites is known as a webmaster. Web architects, web developers, site authors, site administrators, site owners, website coordinators, or website publishers may all be mentioned in the title.

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your next assignment is to analyze the f-41 broadsword. this strike figher operates as both an atmospheric and exo-atmospheric platform for planetary defense. the united nations space command (unsc) is concerned about the handling qualities of the aircraft. specifically, the damping appears to be too low for the phugoid mode so pilots are reportedly being distracted by the slowly-decaying oscillations.

Answers

This strike fighter serves as a platform for both atmospheric and extra-atmospheric defence of the planet. Concerns about the aircraft's handling have been raised by the United Nations Space Command (unsc).

Pilots are reportedly distracted by the oscillations that are slowly degrading because the damping appears to be too low for the phugoid mode. The gases that make up the atmosphere that envelops the Earth. By giving us air to breathe, protecting us from the Sun's harmful ultraviolet (UV) radiation, retaining heat to warm the planet, and minimising extreme temperature variations between day and night, it contributes to the viability of life.

The atmospheres of all the planets in our solar system contain gases, but none of them are distributed in the same proportions or have the same layered structures as Earth's.

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 Which of the following best describes how each share of par value stock issued is reported in the Common Stock account? Multiple Choice Lower of cost or market O ) Current market value O Average issue price O O Par or stated value Which of the following describes, in part, how the declaration of a stock dividend affects the elements of the financial statements? Multiple Choice Decreases paid-in capital in excess of par value-common Decreases total assets o no effect on total No effect on total stockholders' equity o oo Increases total stockholders' equity How does the payment of a previously declared cash dividend affect the elements of the financial statements? Multiple Choice None of these answer choices are correct. Increases liabilities and decreases stockholders' equity o Decreases liabilities and increases stockholders' equity oo Decreases assets and stockholders' equity

Answers

A common stock account is a general ledger that records the par value of all common stock issued by a company. If these shares are sold for more than their par value, the excess amount will be posted separately to an additional deposit account.

At issuance, common stock is recorded at par and any amount received in excess of par is recorded in the account as equity in excess of par. If spent on assets or services instead of cash, recognition is based on the fair value of the shares given.

Equity refers to the assets remaining in the company after all liabilities have been settled. This figure is calculated by subtracting total liabilities from total assets. Alternatively, it can be calculated by subtracting treasury shares from the sum of share capital and retained earnings.

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_________________ tend to build extra performance attributes into products, but these attributes may not be demanded by consumers in less developed nations, where preferences are for more basic products.
Generation X and Generation Y consumers
Wholesalers in lengthy supply chains
Firms in highly developed countries
Consumers in highly developed countries

Answers

Firms in highly developed countries: tend to build extra performance attributes into products, but these attributes may not be demanded by consumers in less developed nations, where preferences are for more basic products.

A consumer is one who purchases the product for his/her very own want and makes use of or consumes it. A client can not resell the coolest, products or services but can devour them to earn his/her livelihood and self-employment. Definition of the client. The purchaser is the only one who's the end-user of any items or services.

Consumers are people or groups that purchase products or services. The term also refers to hiring goods and offerings. they're people or other financial entities that use a good or carrier. moreover, they do not sell the items that they bought.

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James Rome, a California CPA practicing in California, is a sole practitioner who has his office in San Diego. James provides various bookkeeping, accounting, payroll, and tax services to
about 50 small business clients. Mary is an assistant to James and is the only employee of the firm. Which of the following is a proper form of notice to his clients regarding James' status as a Certified Public Accountant in the State of California?
A) Displaying the certificate of licensure issued by the Board in the office or the public area of the premises where the licensee provides the licensed service.
B) Any method of written notice, including a written notice that is electronically transmitted or a written notice posted at an Internet Website.
C) Providing a statement to each client to be signed and dated by the client and retained in that person's records that states the client understands the person is licensed by the California Board ofAccountancy.
D) All of the above.
E) Both a. and c. but not b.

Answers

The proper form of notice to clients regarding his status as a Certified Public Accountant in the State of California is D. All of the above.

How is a Certified Public Accountant in the State of California to notify clients?

In the state of California, a Certified Public Accountant has several ways that they are allowed to notify their clients of their status and one of them is that they are to display the certificate of licensure issued by the Board of Accountants in California in their office or in a public place.

They can also use a handwritten notice and handwritten notices on their website or transmitted electronically also suffice. The clients can also sign and date a statement from James and in these records, the client agrees that they understand the licensing of the James by the California Board of Accountancy.

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an employer agrees to pay $15,500 for medical insurance and contribute an additional 3% of the employees' $155,000 gross salaries to a retirement program. the entry to record these accrued benefits is: multiple choice credit to employee benefits expense $15,500. debit to payroll taxes expense $20,150. debit to employee retirement program payable $4,650. debit to medical insurance payable $15,500. debit to employee benefits expense $20,150.

Answers

Debit to Employee Benefits Expense $20,150.

When an employer pays for an employee's accident or health insurance the employer's payment is not wages and is not subject to Social Security Medicare and FUTA taxes or federal income tax withholding. Employer contributions do not have to be the same for singles and families and often are not.

When it comes to national averages employers typically pay an individual worker about 82% of their premiums and family members 70% of their premiums. Many health plans require patients to pay for a portion of the services they receive. This payment is called "co-insurance" and is usually a small percentage of service costs after the plan pays out the benefits. If the plan covers 70% of the cost the patient pays 30% of the cost.

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In the following expression, the variable truckweight has the value 70000 and the variable weightlimit has the value 80000. truckweight < weightlimit what value does the expression evaluate to?
a. 70000
b. 80000
c. true
d. false

Answers

In the following expression, the variable truck weight has the true value does the expression evaluate. Thus, option (C) is correct.

What is the value?

Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity. Values are the benchmarks or ideals by which we judge the acts, traits, possessions, or circumstances of others. Values that are embraced by many include those of beauty, honesty, justice, peace, and charity.

Life values are the essential core beliefs that direct your actions and objectives as well as assist you in determining your level of overall success in life. For many people, values start early in life as their parents instill in them some of what they consider to be the most crucial principles.

Therefore, Thus, option (C) is correct.

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A company fails to record accrued wages for the current year. Which of the following statement is true?
A. Net income for the current year is understated.
B. Retained earnings for the current year is overstated.
C. Net income for the current year is correct.
D. Retained earnings for the current year is understated.

Answers

Net income and retained earnings for the current year are overestimated because expenses for the current year are understated.

Retained earnings: What are they?

After paying out dividends to its shareholders, a company's net income is what is known as retained earnings (RE).

How do net income and retained earnings differ from one another?

The money that remains for a business after operational costs are subtracted from sales is known as net income (NI) or net earnings. By deducting dividend payments to shareholders, retained earnings goes a step farther.

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Inaccurate forecasts can result in negative outcomes like: O High inventory costs and increased profits O Low inventory costs and stockouts O Imbalances in supply and demand O Material shortages and decreased costs of obsolescence

Answers

Inaccurate forecasts can result in negative outcomes like Imbalances in supply and demand. Thus the correct option is C.

What is the Outcome?

Any topic's outcome gives information about the subject, including the major point, which aids the reader in evaluating the topic's advantages and disadvantages and formulating a conclusion as a result.

The availability of the desired item on the market is referred to as supply. If the supply of the requested commodities is not met, there is scarcity, which is brought on by an imbalance between supply and demand as a result of poor forecasting.

Inaccurate forecasting might result in poor judgments that harm your business rather than support your development strategies.

Therefore, option C  is appropriate.

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convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. if required, round your answers to two decimal places. yearspercentage a.4 yearsfill in the blank 1 25 % b.8 yearsfill in the blank 2 12.50 % c.10 yearsfill in the blank 3 10 % d.16 yearsfill in the blank 4 % e.25 yearsfill in the blank 5 4 % f.40 yearsfill in the blank 6 2.50 % g.50 yearsfill in the blank 7 %

Answers

Assume initial cost is $100. Then we will get straight-line depreciation rate in percentage directly as:

a. 4 years ? = 100/4 = 25%

How do you calculate straight-line depreciation?

The depreciable base of a fixed asset is divided by its useful life to determine straight-line depreciation. The depreciable base is the discrepancy between the total costs of an asset and its anticipated salvage value at the end of its useful life.

In order to determine the asset's straight-line rate, simply subtract the salvage value from the asset's cost to obtain total depreciation, then divide that amount by useful life to obtain annual depreciation. For example: annual depreciation = (purchase price - salvage value) / useful life.

Similarly for others:

b. 8 years ? = 100/8 = 12.5%

c. 10 years ? =  10%

d. 16 years ? =  6.25%

e. 25 years ? =  4%

f. 40 years ? =  2.5%

g. 50 years ? =  2%

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five of eight internally reported operating segments of rollins company qualify under the standards set by asc 280 for segment reporting. however, the five identified segments do not meet the 75 percent revenue test. asc 280 prescribes that management:

Answers

A public corporation must comply with ASC 280 by disclosing the elements that management believes are most important in selecting its reportable segments.

Which essential feature, according to ASC 280, characterizes an operational segment?

An operating segment is described by ASC 280-10-50-1 as "a part of a public corporation that possesses all of the following characteristics: It conducts business activities through which it might generate income and pay expenses (including revenues and expenses relating to transactions with other components of the same public entity).

What management strategy is used to determine operating segments?

In general, IFRS 8 uses a management approach to identify operating segments, with the goal of letting users view a company from management's perspective.

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on january 1, year 1, beatie company borrowed $390,000 cash from central bank by issuing a five-year, 5 percent note. the principal and interest are to be paid by making annual payments in the amount of $90,080. payments are to be made december 31 of each year, beginning december 31, year 1.

Answers

The amortization schedule of the company is shown and $0 is the final balance after five years.

What is the amortization schedule?

Based on the amortization process, a periodic payment amount owed on a loan (usually a mortgage) is calculated using an amortization calculator.

The total amount of each payment under the amortization repayment plan is the same, but each installment contains different amounts of interest and principal.

An amortization schedule calculator is frequently used to adjust the loan amount until the monthly payments comfortably fit into a budget.

It may also be used to change the interest rate to see what kind of property or car a person can buy depending on the rate.

So, the amortization schedule of the company is attached below.

Therefore, the amortization schedule of the company is shown and $0 is the final balance after five years.

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Correct question:
On January 1, Year 1, Beatie Co. borrowed $200,000 cash from Central Bank by issuing a five-year, 6 percent note. The principal and interest are to be paid by making annual payments in the amount of $47,479. Payments are to be made on December 31 of each year, beginning December 31, Year 1.

Required:

1. Prepare an amortization schedule for the interest and principal payments for the five-year period. (Round your answers to the nearest dollar amount.)

(B) The concept of derived demand of labor means that
supply for labor will increase from a demand for output. (incorrect)
demand for labor is created from a demand for a good or service
demand for labor is decreased from a demand for output.
A) The effects of a poverty trap can be reduced by ________.
limiting the number of participants in the program (Incorrect according to homework)
not imposing work requirements as a condition of receiving benefits
initially decreasing the government payments by smaller amounts

Answers

The concept of derived demand of labor means that B. Demand for labor is created from a demand for a good or service

The effects of a poverty trap can be reduced by C. initially decreasing the government payments by smaller amounts

What is derived demand?

The term "derived demand" in economics refers to demand for a good or service that stems from demand for another, related, or distinct good or service.

The demand for that product or service is the only link between derived demand and a product's or service's ability to acquire or produce another good or service.

Derived labor demand means that as the demand for a good increases, so does the demand for labor required to produce the good. The impact of the poverty trap can be mitigated by decreasing government payments by a smaller amount as income rises.

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abe's steakhouse is the largest upscale steakhouse company in the united states, based on total company- and franchisee-owned restaurants. the company's menu features a broad selection of high-quality steaks and other premium offerings. assume the information below is from a recent annual report: common stock, $0.01 par value; 100,030,000 shares authorized; 23,563,356 issued and outstanding at the end of the current year; 23,375,356 issued and outstanding at the end of last year. additional paid-in capital: $199,389,000 at the end of the current year and $170,431,000 at the end of last year. accumulated deficit: ($82,097,000) at the end of last year. in the current year, net income was $54,383,000 and a cash dividend of $7,138,000 was paid.

Answers

Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment.

The total assets less the total liabilities of the company can also be used to determine the shareholders' equity. The account shows what the company did with the profits and money it earned throughout the time period.

Indicating whether a corporation chooses to distribute profits as dividends to shareholders or reinvest them back into the business, it also indicates the dividend policy of the organisation. Common shares, preferred shares, and retained earnings make up the three components of shareholders' equity on the balance sheet.

The balance sheet treatement for shareholder's equity is attached as an image for the question asked.

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Disclaimer: Your question is incomplete. Please write the complete question by looking over the internet.

due to faster communication, transportation, and financial transactions, time and distance have decreased barriers to global marketing.

Answers

The market for products and services as well as industrial processes are becoming more and more globally integrated.

What are transportation and communication?

Transportation is the act of moving people or things from one location to another using a mode of transportation. Conversely, communication is the transfer of knowledge or information from one source to another. (Image via Pixabay) Transport typically involves transportation infrastructure, such as roads, railroads, and air travel.

What are the advantages of lowering trade barriers globally?

Lower trade and FDI restrictions on finished goods can increase competition in the liberalized sector (s). This can assist businesses in utilizing economies of scale, enhancing efficiency, incorporating foreign technology, and innovating.

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each business unit and department should have a clear understanding of the of the whole firm and have a departmental that complements and aids the overall execution of the firm.

Answers

Each business unit and department should have a clear understanding of the of the whole firm and have a departmental Strategy that complements and aids the overall execution of the firm.

What do you mean by Departmental Strategy? Explain.

A department or division's projects and actions that can help further develop the complete operations or areas of the business can be presented in a department strategic plan, an essential business document.

Departmental strategic plans give the department and its individual faculty members the framework to implement the higher-level institutional strategic visions through their existing and projected activities. An organizational chart for each department should be used to start and finish the strategic planning process.

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if a company reports a net loss it means

Answers

Answer: Negative net profit

Explanation:

A net loss occurs when the sum total of expenses exceeds the total income or revenue generated by a business, project, transaction, or investment.

Answer: Negative net profit

Explanation:

at december 31, the records of nortech corporation provided the following selected and incomplete data: common stock (par $1; no changes during the current year). shares authorized, 500,000. shares issued, ?; issue price $22 per share. common stock account, $200,000. shares held as treasury stock, 3,000 shares, cost $20 per share. net income for the current year, $147,750. dividends declared and paid during the current year, $49,250. retained earnings balance, beginning of the year, $155,000.

Answers

The number of shares authorized to Nortech Corporation, is 500, 000 shares.

The shares issued by Nortech Corporation is 200, 000 shares.

The shares outstanding from the shares issued is 197, 000.

How to find the issued shares?

The number of shares that were authorized to be issued by Nortech Corporation is shown in the question to be 500, 000 shares. The authorized shares are the amount of shares that a company might have in total, based on their corporate charter.

The number of shares issued is the shares that Nortech Corporation decided to place into the market, from the authorized share capital.

The number of issued shares is:

= Value of common stock account / Par value of stock

=  200, 000 / 1

= 200, 000 shares

The number of shares outstanding is:

= Issued shares - Treasury stock

= 200, 000 - 3, 000

= 197, 000 shares

The rest of the question is:

Find the following figures:

Shares authorized Shares issued Shares outstanding

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"Unitech industries offers comparatively low compensation but many unique benefits to its employees. Which approach is the best way to communicate this information?A. Conduct compensation and benefits training sessions with employeesB. Schedule an annual compensation and benefits fair for employeesC. Send monthly memos highlighting the compensation and benefits plansD. Create a total rewards dashboard summarizing the value of all benefits offered to employeesE. Publish reports describing competitor compensation and benefits plans"

Answers

The best way to communicate the unique benefits that Unitech industries offers to its employees is by creating a total rewards dashboard summarizing the value of all benefits offered to employees. Thus, the correct answer is option D.

What are benefits to employees?

Employee benefits are any forms of perks or compensation that are provided to employees in addition to their base salaries and wages. Any form of indirect pay offered to an employee, either mandatory or voluntary, can be classified as an employee benefit.

Some employee benefits are required by law. There are standard benefit regulations all employers must follow.  A dashboard must be created to summarize all the benefits that a company is offering to its employee.

Therefore, the correct answer is option D.

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Tina established her objectives in the early stages of her ad campaign. To find out whether those objectives have been met at the end of the campalgn, she will Muitple Choice arrange for peer analysis. conduct feedback anolyis. pestiest initiate content anavis. pretest

Answers

As Tina established her objectives in the early stages of her ad campaign. To find out whether those objectives have been met at the end of the campaign, she will posttest. The Option E is correct.

What is a Posttest?

In advertising, a post-test refers to an advertising test that allows you to measure the effectiveness of an advertising campaign to ensure that all its elements, as well as the advertising investment made, have met the desired objectives.

Furthermore, in the test method, the user attempts to find out the effectiveness of an advertisement in the light of consumers evaluation of the company & its brands of product.

Full options "a. initiate content analysis. b. conduct tracking. c. conduct feedback analysis. d. arrange for peer analysis. e. Posttest."

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the law of supply and demand says that supply and demand do not play a factor when determining the price of a product or service.

Answers

False, the interaction of a market's supply and demand factors determines price. The desire of consumers and producers to engage in purchasing and selling is represented by demand and supply.

What is the supply law saying?

According to the law of supply, manufacturers will increase their supply to the market if the price is higher. Businesses produce more of a good or service when they anticipate paying a greater price for it because they want to boost their revenue.

What is the law of demand?

According to the Law of Demand, there is an indirect correlation between a good or service's price and the amount of that good or service that customers are willing and able to purchase. In other words, consumers are less able and willing to purchase an item as its price rises and vice versa.

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On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $_____ per year.The straight-line method is a time-based depreciation method that is the most popular because it is relatively easy to use. The depreciation expense each year will be the same.

Answers

On January 1, Enco Co. purchases a milling machine for $15,000. The machine is expected to last seven years and have a salvage value of $1,000. Assuming the company uses the straight-line method, depreciation expense should be $ 2000 per year.

Depreciation is a non-cash expense that represents decreases in the value of fixed assets as a result of usage, time, consumption, obsolescence, wear and tear, etc. It is displayed on the income statement's debit side.

The formula used to calculate depreciation

The cost using the straight line method is depicted as follows: = (Original Milling Machine Cost -

(Recovery value) + (expected useful life)

= ($15,000 - $2,000) ÷ (7 years)

= ($14,000) ÷ (7 years)

= $2,000

This approach uses the same depreciation rate for the entire remaining useful life.

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TRUE/FALSE a de facto corporation has not substantially met the requirements of the state incorporation statute, and as a result, courts do not recognize it as a corporation for most purposes.

Answers

The statement is False. A de facto corporation has not substantially met the requirements of the state incorporation statute, and as a result, courts do not recognize it as a corporation for most purposes.

De facto comes from a Latin word that means “in reality or as a remember of reality.” In legal contexts, de facto describes what definitely occurs, in contrast with de jure, which explains what the law says should occur.

An instance of something de facto is a rule that humans usually comply with although it is not a legitimate process, a defacto technique. An instance of something de facto is a person who functions as a determine even though they are no longer related to the child, a defector figure.

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Mayra and nancy went to home goods to buy centerpieces for their new event hall. Mayra bought 7 small centerpieces and 12 large centerpieces and paid $275. 50. Nancy paid $347. 25 for 15 large centerpieces and 9 small centerpieces. How much did each small centerpiece and each large centerpiece cost?.

Answers

The cost of small centerpieces  is $ 11.5 and large centerpieces  is $16.25.

Calculation:-

Mayra bought small centerpieces = 7

Large centerpieces =  12

Total amount paid = $275. 50.

Nancy paid = $347. 25

large centerpieces = 15

small centerpieces  =  9

let cost of small centerpieces = x

   Large Nancy = y

Using simultaneous equation:-

$347. 25 = 9x + 15y × 4

$275. 50 = 7x + 12y × 5

------------------------------

11.5 = x + 0y

Cost of  small centerpieces is  $ 11.5

Large centerpieces  is $347. 25 = 9x + 15y

                                     = $347. 25 = 9(11.5) + 15y

                                     = $347. 25 = 103.5+ 15y

                                      = 243.75 = 15y

                                     =  y = 243.75/15

                                     = $16.25

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Section 1 Question 1 of 22. A tax preparer's high ethical standards protect taxpayers by: o Providing them with an accurate return, including all tax benefits to which they are entitled. o Guaranteeing their returns will not be questioned by the IRS. o Promising they will be free from IRS penalties. o Protecting the tax preparer, not the taxpayer. Mark for follow up Question 2 of 22. A tax preparer's high ethical standards protect the tax preparer through all of the following EXCEPT: o Providing a quality product that helps them increase client retention o Minimizing the risk of being subject to preparer penalties. o Showing integrity in the return preparation process. o Eliminating the need for preparer due diligence notes Mark for follow up Question 4 of 22. Beatrice is eligible to claim EITC based on Jordyn, her granddaughter and qualifying child. Jordyn's mother, Beth, is also eligible and plans to claim Jordyn as a qualifying child for EITC. Which of the following statements is accurate? o Beth holds a higher right and may claim EITC based on Jordyn because Beth is Jordyn's parent. o As long as Beatrice files before Beth, you may prepare her return claiming EITC based on Jordyn. o Beatrice may claim EITC based on Jordyn if her AGI was higher than Beth's and if she files first o Beatrice and Beth may agree to each claim one-half of the EITC based on Jordyn, their qualifying child. Mark for follow up Question 5 of 22. Virginia comes to your tax office to have her income tax return prepared. She is eligible to claim EITC based on Kellie, her granddaughter and qualifying child. Virginia has $24.000 in wages and owns the home where she, Kellie, and Kellie's father, Herman, live. Herman would also like to claim Kellie as a qualifying child for EITC; however, Herman's only income for the year was $2,500 of unemployment income. He contributed nothing to the household expenses. Which of the following statements is accurate? o Herman holds a higher right and may claim EITC based on Kellie because Herman is Kellie's parent o As long as Virginia files before Herman, you may prepare her return claiming EITC based on Kellie. o Virginia may daim EITC based on Kellie, as her AGI was higher than Herman's and Herman has no earned income and thus does not qualify for the EITC o Herman and Virginia may agree to each claim one-half of the EITC based on Kellie, their qualifying child. Mark for follow up Question 6 of 22 Henry who is not a dependent states he wishes to claim EIC this year for his 35 year old dependent child. Both reside in the US Henry states that the child wes with Henry, is not mamed, is disabled, and has not worked during the year. What does Henry's tax preparer need to do to determine if the child can quality Henry for ETC? o Enter Henry's child on this return and identify him as a disabled qualifying child o Advice the tax payer of the tax definition of disabled and apply sound judgment and common sense to see if the definition is met o Ask for proof of the child's name o Explain to Henry that a 35-year-old child is too old to be a qualiting child for EITC Mark for follow Up

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A tax preparer's high ethical standards protect taxpayers by option A: Providing them with an accurate return, including all tax benefits to which they are entitled.

A tax preparer's high ethical standards protect the tax preparer through except option D: Eliminating the need for preparer due diligence notes Mark for follow up

The statement that  is accurate is option C: Beatrice may claim EITC based on Jordyn if her AGI was higher than Beth's and if she files first.

What are tax ethics?

Tax ethics, is known to be the term for the taxpayer's moral duty to pay taxes, is influenced by their interaction with the government as citizens. Tax evasion and tax ethics are frequently used synonymously.

When filing taxes, a tax preparer should take certain ethical considerations into account:

Inform the appropriate third parties about the suspected fraudulent behavior.Inform the IRS and other tax authorities of the alleged fraudulent activities.Think about ending the engagement.

Therefore, one can say that anyone who prepares a tax return may now be held accountable for errors committed in filing a return for someone else due to a change in tax regulations that took effect more than ten years ago. An IRS monetary penalty may be imposed on a tax preparer who made errors on your return.

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When comparing loans based on the least cost when the conversion periods are the same, one can compare the actuarial or annual percentage rate. True/False

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The statement, "When comparing loans based on the least cost when the conversion periods are the same, one can compare the actuarial or annual percentage rate." is true.

The amount a corporation must pay on a recurring basis to meet its pension costs is determined by actuaries using the actuarial cost approach. The cost approach and the benefit approach are the two primary formulas used to determine the payments. Both the actuarial financing approach and the actuarial cost method are terms for the same concept.

These methods take into account an employee's current pay, the number of years they have left before they retire and begin receiving benefits, the actuarial rate at which their pay grows, the portion of their final salary they will receive annually when they retire, and the likely number of years they will live to continue receiving those annual payments.

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the is a form of organization that delivers goods and services at the lowest cost through specialization of jobs, close supervision of employees, and uniform regulations and procedures.

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Bureaucracy is a form of organization that delivers goods and services at the lowest cost through specialization of jobs, close supervision of employees, and uniform regulations and procedures.

Both an administrative policy-making body and a group of non-elected government officials are referred to as bureaucracies. A bureaucracy, historically, was a form of government administration where departments were run by non-elected people.  Today, bureaucracy is the administrative framework that governs all significant institutions, whether they are privately or publicly controlled. Bureaucracy is exemplified by the public administration in many jurisdictions and sub-jurisdictions, but it may also be seen in any institution with a centralized hierarchical structure, such as hospitals, academic institutions, commercial businesses, professional societies, social clubs, etc. Bureaucracy faces two main problems. Whether bureaucrats should be independent or directly answerable to their political overlords is the first conundrum.

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Alan is recording payroll that was processed outside of QuickBooks. Which QuickBooks function would be most useful? Payroll summary Pay bills Journal entries New invoice

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Answer:

what are the answers

Explanation:

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