The discounts will be recorded separately as a contra-revenue account (Sales Discount) to reflect the reduction in revenue due to the discount offered. These entries reflect the transactions and events that occurred in March for Church Company.
Let's record the transactions and events in a general journal:
Mar. 1:
Accounts Payable (Van Industries) 43,600
Merchandise Inventory 43,600
(Purchased merchandise from Van Industries)
Mar. 2:
Accounts Receivable (Min Cho) 16,800
Sales Revenue 16,800
Cost of Goods Sold 8,400
Merchandise Inventory 8,400
(Sold merchandise on credit to Min Cho)
Mar. 3:
Office Supplies Expense 1,230
Accounts Payable (Gabel Company) 1,230
(Purchased office supplies on credit from Gabel Company)
Mar. 3:
Accounts Receivable (Linda Witt) 10,200
Sales Revenue 10,200
Cost of Goods Sold 5,800
Merchandise Inventory 5,800 (Sold merchandise on credit to Linda Witt)
Mar. 6:
Cash 82,000
Notes Payable 82,000 (Borrowed cash from Federal Bank)
Mar. 9:
Office Equipment 21,850
Accounts Payable (Spell Supply) 21,850 (Purchased office equipment on credit from Spell Supply)
Mar. 10:
Accounts Receivable (Jovita Albany) 5,600
Sales Revenue 5,600
Cost of Goods Sold 2,900
Merchandise Inventory 2,900 (Sold merchandise on credit to Jovita Albany)
Mar. 12:
Cash 16,464
Accounts Receivable (Min Cho) 16,800
Sales Discount 336 (Received payment from Min Cho after deducting discount)
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An economy is best described as a system where
It is defined as the country's state on how it handles its activities such as money supply, resource allocation, and production and distribution of services to ensures human wants and needs have been met. Furthermore, the basic economic systems include traditional, mixed, market and command economy.
Answer:
Resources are used to produce goods and services to meet the needs and wants of society.
______ If an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the:A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).B) employer is much safer from a charge of national origin discrimination than an employer who only enforces the policy in certain areas and at certain times.C) employer impermissibly violates Title VII of the Civil Rights Act, which protects the ability of workers to express their cultural heritage at the workplace.D) employer’s policy is not unlawful because all individuals, irrespective of their national origin, are required to speak English in the United States.
Answer:
A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).
Explanation:
The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.
Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;
I. To communicate with customers who can speak English only.
II. To efficiently promote cooperative work assignments among teams (employees).
III. To enhance or facilitate safety during an emergency.
Hence, if an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).
Given a process to fill bottles of sealant. The sealant can be sold if the volume is 10.21 ounces ±0.18 ounces. The process average is found to be 10.15 ounces with a standard deviation of 0.07 ounces. What is the Process Capability Ratio? What is the Process Capability Index? Which of the following most accurately describes the actual process quality level? a. currently better than 3σ Quality b. currently less than 3σ Quality, and it will still not be capable of 3σ Quality if a shift in location occurs c. currently less than 3σ Quality, but a shift in location could increase the level to better than 3σ Quality The design specification for the length of a component is 6.800
′′
±0.049." Given the following values for the
x
ˉ
-chart that monitors the process:
x
ˉ
=6.800
′′
UCL=6.842
′′
LCL=6.758
′′
Does the process meet the traditional definition of a "Capable" process? The size of one sigma is approximately inches. The quality level of the process is sigma. [round to 1 significant digit past the decimal] Does the process meet the Motorola definition of a 6 sigma process? Does the process meet the definition of true 6 sigma quality?
The Cycle Capacity File (PCI) is a proportion of how well an interaction meets client prerequisites. It is defined as the ratio of the process standard deviation to the difference between the process mean and the closest specification limit.
The equation for PCR is:
\(PCR = (USL - LSL)/6σ\\\)
The sigma level can be determined utilizing the accompanying recipe:
The Process Capability Ratio can be calculated as follows: Sigma Level = (PCI - 1) / 0.33
The Process Capability Index can be calculated as follows: PCR = (10.39 - 9.97) / (6 * 0.07) = 0.99, where USL = 10.39 ounces and LSL = 9.97 ounces
PCI = min[(USL - x) / 3] = min[(10.39 - 10.15) / (3 * 0.07), (10.15 - 9.97) / (3 * 0.07)] = min[1.71, 2] = 1.71
The process's quality level is approximately 2 sigma, and one sigma is approximately 0.023 inches in size. In this manner, it doesn't meet the Motorola meaning of a 6 sigma process.
With x = 6.800 inches, UCL = 6.84 inches, and LCL = 6.758 inches on the x-chart that tracks this process, we can say that it satisfies the conventional definition of a "Capable" process because all points are within control limits.
The standard deviation is a statistic that describes the degree of volatility or dispersion in a set of numerical values. A low standard deviation means that the values tend to be close to the established mean, whereas a high standard deviation shows that the values are distributed throughout a wider range.
In mathematical writing and formulae, standard deviation is most usually denoted by the lower-case Greek letter (sigma) for the population standard deviation or by the Latin sign s for the sample standard deviation. The abbreviation for standard deviation is SD. The standard deviation of a random variable, sample, statistical population, data set, or probability distribution is equal to the square root of that variable's variance.
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If the productivity of workers producing a good increases, the supply curve will
A) not change.
B) become flatter.
C) shift to the right.
D) shift to the left.
E) become steeper.
Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.5% interest for 30 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Answer:
$910.18
Explanation:
For computing the monthly payment we need to apply the PMT formula which is to be shown in the attachment
Given that,
Present value = $180,000 × (1 - 0.20) = $144,000
NPER = 30 years × 12 months = 360 months
RATE = 6.5% ÷ 12 months = 0.541666%
PMT = 1,000 × 4% ÷ 2 = $20
Future value = $0
The formula is shown below:
= NPER(RATE;NPER;-PV;FV;type)
The present value comes in negative
After applying the above formula, the monthly payment is $910.18
Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
In which tab can you find features like New Slide, Slide Layout, and Reset Slide?
Answer:
in a techniol up coming
Michelle docker has selected a Sonic Electric toothbrush that is on sale for 25% off. She also has a store coupon that reads "Take 15% off any already reduced price." How much will she pay for the toothbrush if she was originally Priced 79.99? What is the rate of Reduction?
The rate of reduction on the Sonic Electric toothbrush is 36.25%.
What is the rate of reduction?A sale and a coupon would reduce the price of an item.
Price of the toothbrush after the sales discount = original price x (1 - reduction)
$79.99 x (1 - 0.25)
$79.99 x 0.75 = $59.99
Now, we would determine the price of the toothbrush after the coupon has been used.
Price after coupon = reduced price x ( 1 - 0.15)
$59.99 x 0.85
= $50.99
Rate of reduction = [( final reduced price / original price)] - 1 x 100
[(50.99 / 79.99)] - 1 x 100 = 36.25%
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Market research is used to gather information needed to make a business
Answer:
Yvonne observe ochre oxen
Currently, 3M Company pays an annual dividend of $2.52. If the stock is selling for $105. what is the dividend yield? (Enter your answer as a percent rounded to 1 decimal place.). Dividend yield = ____ %
The dividend yield can be calculated by dividing the annual dividend by the stock price and multiplying by 100 to get a percentage. Therefore, the dividend yield for 3M Company is: Dividend yield = (2.52/105) x 100 = 2.4%
The dividend yield is a financial ratio that measures the number of dividends paid by a company to its shareholders as a percentage of its share price. It is calculated by dividing the annual dividend per share by the current market price per share. For example, if a company pays an annual dividend of $2 per share and its current market price is $50 per share, its dividend yield would be 4%. The dividend yield is a useful metric for investors seeking income from their investments. A higher dividend yield may indicate that a company is paying out a larger percentage of its profits to shareholders, although it may also be an indication that the company's share price has decreased. Investors should consider a company's dividend payout ratio, earnings growth, and financial health when evaluating its dividend yield.
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What should be the first component to consider when building the AI solution?
Problem Identification should be the first component to consider when building the AI solution.
Artificial intelligence (AI) offers state-of-the-art technologies that can assist your company in resolving issues, automating processes, and improving customer service. AI-based systems are excellent at things like making product recommendations to users, identifying items in images, and automating repetitive chores to save people time. While wide AI refers to where artificial intelligence will be in the future, narrow AI refers to where it is currently. General artificial intelligence (GAI), often referred to as AGI and strong artificial intelligence (AI), is a subset of AI that is capable of thinking and acting similarly to humans.
In order for the software to learn automatically from patterns or features in the data, artificial intelligence (AI) combines massive amounts of data with quick, iterative processing and sophisticated algorithms.
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Porter’s Five Competitive ForcesIn order for a managerial team to develop an effective strategy, they first need to assess the conditions under which the organization is operating. This activity is important because in order to successfully formulate business-level strategy and be competitive, companies need to have an extensive understanding of their industries. Porter’s Five Forces Model is one tool for accomplishing this task.The goal of this activity is to test your knowledge of Porter’s Five Competitive Forces.Match each item to the force from Porter’s Five Competitive Forces that it best describes. 1 Threat of New Entrants 2 Rivalry Among Competitors 3 Bargaining Power of Suppliers 5 Threat of Substitute Products or Services Bargaining Power of Buyers 4 Match each of the options above to the items below. Apple introduced its Homepod to the home sound system market that had been previously dominated by Sonos. Walmart demanded that all its vendors cut their prices by 15 percent. If you don't like the price of something at your local store, you can probably find it online with two-day shipping at a lower price. Consumers are drinking less diet soda in favor of things like flavored zero calorie water and fresh juices. On Amazon, the average product's cost changes every ten minutes based on data the company collects including rivals' prices.
Matching the item with the given option: Apple introduces its Homepod to the home sound system market that had been previously dominated by Sonos. Threat of New Entrants. Walmart demanded that all its vendors cut their prices by 15 percent is Bargaining power of supplier.
What are the other matches of the option given?The matches are: If you don’t like the price of something at your local store, you can probably find it online with two-day shipping at a lower price: Bargaining power of Buyer. Customers are drinking less diet soda in favor of things like flavored zero calorie water and fresh juices. Threat of Substitute products or services.
On Amazon, the average product’s cost changes every ten minutes based on data the company collects including rival’s prices: Rivalry among competitors.
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Dennis has just gotten a new job at a national credit card company's headquarters. He is working in the
human resources department. It is likely that, as far as health insurance is concerned,
his employer is paying 100 percent of the contributions
he must find his own health insurance
he is paying 100 percent of the contributions
he and his employer are both paying a portion of the contributions
Answer:
He and his employer are both paying a portion of the contributions
Explanation:
Most employees of private companies in the United States have employer-sponsored healthcare insurance. This means that the company they work for chooses the insurance plan, and pay the biggest share of the cost of the plan. However, the employee also has to contribute to the cost, allocating a percentage of his salary for this installment.
This is the type of plan Dennis would be enrolled once hired by the national credit card company.
Broker irma is a one-person brokerage office. If in an authorized intermediary relationship, she could:____.
If in an authorized intermediary relationship, Irma could act as an intermediary between buyers and sellers, facilitating the buying and selling of financial instruments on behalf of her clients.
As an authorized intermediary, Irma would have the legal authority to execute trades and provide investment-related services to her clients.
This could include activities such as:
1. Executing buy and sell orders: Irma could receive orders from her clients and execute them on their behalf in the financial markets. For example, if a client wants to purchase shares of a particular stock, Irma can enter the order into the market and complete the transaction.
2. Providing investment advice: Irma could offer recommendations and guidance to her clients regarding investment opportunities. She can analyze market conditions, research financial instruments, and provide advice based on her expertise and knowledge.
3. Managing client portfolios: Irma could help her clients manage their investment portfolios. This could involve asset allocation, diversification, and regular monitoring and rebalancing of the portfolio based on the client's investment objectives and risk tolerance.
4. Offering financial products: As an intermediary, Irma could offer a range of financial products to her clients. This could include stocks, bonds, mutual funds, exchange-traded funds (ETFs), options, and other investment vehicles.
In an authorized intermediary relationship, Irma would have the authority and capability to act as a broker, facilitating transactions and providing investment-related services to her clients.
This allows her to effectively operate as a one-person brokerage office, providing a range of services to individuals or organizations seeking investment opportunities or financial advice.
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a report containing information used to calculate taxes owed by the taxpayer is called what?
Answer:A tax return is a form or forms filed with a tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.
Explanation:
conversion costs include: group of answer choices direct labor and indirect labor direct materials and direct labor direct labor and factory overhead direct materials and factory overhead
Conversion costs include option C: direct labor and factory overhead.
Conversion costs are the expenses incurred when transforming raw materials into finished goods. They are important in determining the total cost of producing a product, which is essential for pricing and inventory management. Direct labor refers to the wages and salaries of employees who are directly involved in the production process. These employees carry out tasks such as assembling, machining, or finishing the products. Their work is easily traceable to specific products or units produced.
Factory overhead, also known as manufacturing overhead or indirect costs, includes all production costs that are not directly linked to the actual production of the goods. These costs are indirectly linked to the manufacturing process and cannot be traced back to a specific product or unit. Examples of factory overhead costs include utilities, depreciation of machinery, factory supplies, and the salaries of employees not directly involved in production, such as maintenance workers and factory supervisors.
Understanding conversion costs is crucial for businesses to accurately calculate production costs, set appropriate selling prices, and manage inventory effectively. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
conversion costs include: group of answer choices
A. direct labor and indirect labor
B. direct materials and direct labor
C. direct labor and factory overhead
D. direct materials and factory overhead
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Identify the type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line. Choose the correct answer below. A. ellipse B. parabola C. circle D. hyperbola
The type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line is called a b) parabola.
A parabola is defined as a symmetrical, open plane curve formed by the intersection of a cone with a plane parallel to its side. The focus and the directrix are the two fixed points that define a parabola. The directrix is a fixed line that is equidistant from all points on the parabola, while the focus is a fixed point that is also equidistant from all points on the parabola.
A parabola can open upwards or downwards, depending on the position of the focus and the directrix. When the vertex of a parabola is at the origin and the axis of symmetry is vertical, the equation of the parabola is given by y^2 = 4ax, where a is the distance from the vertex to the focus.
Therefore, the correct answer is b) parabola.
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19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio
Answer:
Internet
Explanation:
Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.
Maintenance costs on a bridge are $10,000 every other year starting at the end of year 2. For analysis purposes, the bridge is assumed to have an infinite life. What is the Capitalized Equivalent (CE) cost of these infinite payments, assuming an annual interest rate of 6% compounded annually?
To calculate the Capitalized Equivalent (CE) cost of the infinite payments for the bridge's maintenance, we can use the concept of present value. Since the payments occur every other year, we need to adjust the interest rate accordingly.
First, let's calculate the present value of the first maintenance payment at the end of year 2. Since the interest rate is 6% compounded annually, the present value can be calculated as:
PV = $10,000 / (1 + 0.06)^2
Next, we need to calculate the present value of the subsequent maintenance payments. Since the payments occur every other year, we can use the formula:
PV = Payment / Interest Rate
PV = $10,000 / 0.06
Now, we can sum up the present values of all the maintenance payments to get the Capitalized Equivalent cost:
CE = PV (year 2) + PV (year 4) + PV (year 6) + ...
Since the bridge is assumed to have an infinite life, we can consider the sum of an infinite geometric series:
CE = PV (year 2) + PV (year 4) + PV (year 6) + ... = PV (year 2) / (1 - r)
where r is the discount factor, which is (1 + interest rate)^2.
Finally, substitute the values into the formula to calculate the CE cost.
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Why is it important for me to conduct myself in an appropriate manner throughout recruitment and beyond?.
It is important for me to conduct myself in an appropriate manner throughout recruitment and beyond to leave a good impression on others and to perform our jobs in a great way.
What is an appropriate manner?
Right or suitable; fitting.
Rare particular; own.
What is an example of a manner?
An example of manner is the way in which someone performs her job.
A way or method in which something is done or happens; mode or fashion of procedure.
Characteristic mode of acting, conducting, carrying one's self; bearing; habitual style. His natural manner makes him seem like the boss.
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Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
Answer:
license
Explanation:
After several years of current data lying along the same Phillips curve, economists plot the newest statistics and find that their points lie well above the old curve. Which of the following is the best explanation? The government greatly reduced spending. New technology greatly reduced the cost of producing electricity. Increases in the prices of essential raw materials lead people to expect higher inflation in the future
After several years of current data lying along the same Phillips curve, economists plot the newest statistics and find that their points lie well above the old curve.
The best explanation for this observation is: Increases in the prices of essential raw materials lead people to expect higher inflation in the future.
To understand this answer, let's first briefly review the Phillips curve. The Phillips curve illustrates the inverse relationship between inflation and unemployment. When inflation is high, unemployment tends to be low, and vice versa.
Now, let's analyze each of the proposed explanations:
1. The government greatly reduced spending: A significant reduction in government spending would likely lead to a decrease in aggregate demand, resulting in lower inflation and higher unemployment. This scenario would place the points below the old Phillips curve, not above it.
2. New technology greatly reduced the cost of producing electricity: This development would lead to lower production costs, potentially reducing inflation and boosting employment. Again, this would likely result in points below the old Phillips curve.
3. Increases in the prices of essential raw materials lead people to expect higher inflation in the future: When the prices of raw materials rise, production costs increase, leading to higher inflation. As people expect this inflation, they may demand higher wages, causing firms to reduce employment.
This situation results in higher inflation and higher unemployment, placing the points above the old Phillips curve.
In conclusion, the best explanation for the observed data points lying above the old Phillips curve is the increase in the prices of essential raw materials, leading people to expect higher inflation in the future.
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in recent years, bottling companies in florida and elsewhere have made people conscious of a fundamental issue in water rights, namely:
In recent years, bottling companies in Florida and elsewhere have made people conscious of a fundamental issue in water rights, namely who has the right to use water.
The ecosystem of Florida depends heavily on water, which also supports fauna. Along with Florida's population growth, water usage is also rising. Florida residents rely on freshwater reserves found below to meet a variety of water demands. This subsurface freshwater resource in some parts of Florida is no longer sufficient to meet the state's expanding water needs while simultaneously supplying its rivers, springs, and lakes.
Urban planners and decision-makers are now paying more attention to how much water is consumed and how to manage water resources as a result of the state's drought and water problems. Public opinion polls in Florida indicate that the majority of Floridians consider water to be a problem of the utmost significance for the state.
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If a production function has two inputs and exhibits constant returns to scale, then doubling both inputs will cause the output to:
A. reduce by half.
B. stay the same.
C. double.
D. quadruple.
If a production function has two inputs and exhibits constant returns to scale, then doubling both inputs will cause the output to option C: double.
Constant returns to scale refer to a situation where an increase in inputs proportionately leads to an equal increase in output. In other words, if all inputs are doubled, the output will also double. This suggests that the production function is efficient and can utilize additional inputs without diminishing returns.
When both inputs are doubled, it implies that each input is multiplied by a factor of 2. Since the production function exhibits constant returns to scale, the output will also be multiplied by the same factor of 2. Therefore, the output will double.
It is important to note that constant returns to scale assume that all inputs are increased in the same proportion. If the proportion of input increases differs, it may lead to different outcomes such as increasing or decreasing returns to scale.
In the context of the given information, with a production function exhibiting constant returns to scale, doubling both inputs will result in the output doubling as well. Option C
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Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
At the conclusion of a business meeting in Brazil, David gave the A-OK sign to the people in the room. This hand gesture in America means OK, however, the Brazilians were embarrassed because in their culture the gesture is perceived as rude. This situation exemplifies how even simple differences in ________ can cause misunderstandings in international relationships.
Answer:
OMGGGG INEED THIS ONE TOOOOOOOOOOOOO
What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.
Which of the following is true about certified public accountants (CPAs)?
O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
2. What does AOC stand for?
d. Area of Concentration
c. Area of Careers
b. Awareness of Careers
na Awareness of College
Answer:
The answer is D. Area of Concentration
Explanation:
Area of concentration (AOC) must be listed along with a skill identifier (if applicable) and listed as the primary specialty.
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