The statement that is TRUE is: Prohibited because commissions cannot be shared by individuals that are registered at different advisory firms.
Sharing of CommissionBased on the information given about Freddy who is now an investment adviser with another advisory firms, Freddy will not be able to partake in the sharing of commission because it is prohibited.
The reason why the IAR at Freddy old firm cannot set aside and pay 50% of any fees that he receives to Frederick is because Freddy has register under another investment adviser.
Since he is no longer with the old firm Freddy cannot receive any commission because he is no longer the the investment adviser as he has registered at different advisory firms.
Inconclusion the statement that is TRUE is: Prohibited because commissions cannot be shared by individuals that are registered at different advisory firms.
Learn more about sharing of commission here:https://brainly.com/question/24951536
Selection tests may accurately predict an applicant's ability to perform the job, but they are less successful in indicating the extent to which the individual has the necessary ________.
Answer:
Motivation
Explanation:
Motivation states that it helps in guiding and helps in reaching the objective. You have to get motivated with the help of following ways
Set Target
Rewards can be used
Select interest that helps you to reach the goal
Try to crack your last achievement, etc.
Therefore according to the given situation, the correct answer is motivation.
Sam draws a $100 check on his account at Bank A which is then deposited in Bank B. When this check is cleared Group of answer choices Neither Bank As or Bank Bs deposits or reserves are affected. Bank A gains reserves equal to $100 and Bank B gains deposits equal to $100. Bank A gains reserves and deposits equal to $100 Bank B loses reserves and deposits equal to $100 Bank A loses reserves and deposits equal to $100
Answer:
C) Bank A loses reserves and deposits equal to $100
Explanation:
Since in the question it is mentioned that sam draws a check for $100 on his account at Bank A and then it is deposited in bank B. Now the check is cleared when B lost reserves and deposits equaled to $100 as the amount is deposited to the bank
Therefore, the correct answer is C
As the rest options are wrong
When Jones Foods decided to enter Germany, a highly developed market, it found that it competed with hundreds of brands. In terms of communication strategy, in highly developed countries such as Germany which is typically true
Answer: noise is extremely high
Explanation:
Communication strategies are the plan used in order to achieve the communication objectives. It should be noted thqt communication strategies can apply to marketing communications, public relations and internal communications.
In terms of communication strategy, in highly developed countries such as Germany, one thing that will be evident is that the noise will be extremely high.
Claudia and Dayson are upper-level managers working for the same company, but they are located in different countries and come from different cultures. The company is implementing a new accounting process, so Jorge, the company CEO, invites Claudia, Dayson, and a few other managers to join him on a video conference. During the video conference, Claudia asks Jorge if the company will be creating a temporary help desk to ease the transition. Jorge replies, "I'll think about it and get back to you later." To Claudia, this means he will honestly consider the possibility and will send an email with his decision. To Dayson, Jorge's expression during this statement indicates that he is simply maintaining social harmony and that a help desk will not be created. Which of the following is most likely true about Claudia's and Dayson's cultures?
A) Claudia is from a high-context culture, and Dayson is from a low-context culture.
B) Dayson is from a high-context culture, and Claudia is from a low-context culture.
C) Both Claudia and Dayson are from high-context cultures.
D) Both Claudia and Dayson are from low-context cultures.
The correct answer is B) ) Dayson is from a high-context culture, and Claudia is from a low-context culture.
Explanation:
The term "high-context culture" is used to refer to cultures in which implicit communication, nonverbal elements, and context are important factors of communication. This implies many words and expressions in these cultures do not have a literal meaning. According to this, it is likely Dayson is from a high-context culture, considering he focused on the implicit message in Jorge's words rather than considering the message was literal.
On the other hand, in "low-context culture" elements such as implicit meaning or context are not frequently used, this means, most communication is literal and explicit. This shows Claudia is from a low-context culture because rather than thinking Jorge's answer was just a formalism or irony, she interpreted the message literally.
Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a(n) ______________, Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Answer: letter of credit .
Explanation:
A letter of credit is known as
a trade finance mechanism also known as "letter of undertaking" used as a guarantee document that the payment of goods and services will be fulfilled between a seller and a buyer.It is also known as documentary credit or a bankers commercial credit.Hence, Importers Direct arranged to have a French winery ship a large quantity of fine wine to the United States. By signing a letter of credit , Importers Direct authorized its bank to make full payment to the French winery if and when the wine arrives at the Importers Direct warehouse in Philadelphia.
Robert withdrew $100,000 from an account that paid 10 percent annual interest and used the funds to purchase real estate. After one year he sold the property for $120,000. The accounting profit on this deal was:
Answer:
$20,000
Explanation:
Data provided in the question
Sale value = $120,000
Withdrawn amount = $100,000
The computation of accounting profit on this deal is shown below:-
Accounting profit on this deal = Sale value - Withdrawn amount
= $120,000 - $100,000
= $20,000
Therefore for computing the accounting profit on this deal we simply applied the above formula.
Charlene's adjusted basis in S corporation stock was $10,000. Her share of S corporation losses was $22,000. On the last day of the year, she sells her entire interest in the S corporation. How much loss from the current year operations can Charlene deduct under the basis rules
Answer:
$10,000
Explanation:
Based on the information given about Charlene's the amount of loss from the current year operations that Charlene can tend to deduct under the basis rules will be
$10,000 because the amount of $10,000 which was the adjusted basis in S corporation stock will clears the basis limitation in which the amount of $10,000 can be deducted in the current year. This means that the remaining loss will be put on hold and will not be deductible because of sale of the interest.
Some argue that the Federal Reserve lowering interest rates from mid-2000 to the end of 2002 greatly increased the money supply; however, opportunities to invest yielded paltry returns leading bankers to offer _____ in order to earn a higher return.
Answer: Subprime mortgage loans
Explanation: In other earn higher return, subprime mortgage loans provides bankers the opportunity to charge borrowers higher rates on loans offered. This is because subprime mortgage loans are usually offered to credit defaulters. That is, customers with low credit score due to inconsistencies in their credit repayment due to late payment and poor credit history. Due to poor credit score and low tendency to repay borrowed amount, hence posing a high risk of recouping their fund, such borrowers would find it difficult to qualify for conventional mortgage plans. Subprime mortgages offers a lifeline though but at higher rates.
Abby sells real property for $300,000. The buyer pays $5,000 in property taxes that had accrued during the year while the property was still legally owned by Abby. In addition, Abby pays $15,000 in commissions and $3,000 in legal fees in connection with the sale. How much does Abby realize (the amount realized) from the sale of her property? a.$287,000 b.$300,000 c.$282,000 d.$277,000
Answer:
a. $287,000
Explanation:
According to the given situation, the computation of the amount realized is shown below:-
Amount realized = Sale value consideration + Property taxes paid by the buyer - Commission - Legal fees
= $300,000 + $5,000 - $15,000 - $3,000
= $305,000 - $18,000
= $287,000
Therefore for computing the amount realized we simply above formula.
active/passive she is watering the plants
Answer:
active
Explanation:
she "is" means she is currently watering the plants. if it was passive it would have been like this, "she watered the plants".
Black Oil Company considered building a service station in a new location. The owners and their accountants decided that this was the profitable thing to do. However, soon after they made this decision, both the interest rate and the cost of building the station changed. In which case do these changes both make it less likely that they will now build the station?
A. Interest rates rise and the cost of building the station rises.
B. Interest rates rise and the cost of building the station fills.
C. Interest rates fall and the cost of building the station rises.
D. Interest rates fall and the cost of building the station falls.
Answer:
A. Interest rates rise and the cost of building the station rises.
Explanation:
An increase in interest rate means that the amount of money that will be paid back on a loan borrowed for a given period of time will increase. A risen interest rate discourages borrowing, and spending, as people do not want to pay a lot of money on loans collected. If interest rate increases, the company best postpone the project to a later time when interest rate falls. If the cost of building the new station increases, it means more capital than normal is now needed to build this service station, which will discourage investing in the project at that time period. So an increase in interest rate and cost of building the station, makes it less likely that the company builds the station in this time period.
Basil, a world-famous chef, signs a contract to give French cooking lessons to Maggie. Basil attempts to delegate his duties under the contract to Oliver, the operator of a hot dog stand. The delegation of duties will a. not be valid because performance of the contract depends on Basil's unique talents and skills as a world-famous chef. b. be valid because any duty can delegated. c. be valid only if Oliver is just as highly respected in cooking as Basil is. d. be valid only if Oliver charges less than Basil for his lessons. e. not be valid because Oliver does not give lessons at a convenient time for Maggie.
Answer:
a. not be valid because performance of the contract depends on Basil's unique talents and skills as a world-famous chef.
Explanation:
Since in the question it is mentioned that there is a contract between the Basil and the Maggie and Basil delegate his duties to Oliver so here the delegation of duties would not be valid as the contract is made between the Basil and Maggie
Therefore in the given case, the contract should not be valid
Hence, the correct option is a.
If the exchange rate is 5 Egyptian pounds per U.S. dollar, a watch that costs $25 US dollars costs a. 125 Egyptian pounds b. 50 Egyptian pounds c. 5 Egyptian pounds d. None of the above is correct.
Answer:
A. 125 Egyptian pounds
Explanation:
Let’s create a proportion using the following setup.
pounds/dollars=pounds/dollars
We know that 5 Egyptian pounds is equal to 1 dollar.
5 pounds/ 1 dollar= pounds/dollars
We don’t know how many pounds are in 25 dollars. We can say x pounds are in 25 dollars.
5 pounds / 1 dollar = x pounds/ 25 dollars
5/1=x/25
We want to find out what x is, so we need to get x by itself.
x is being divided by 25. The inverse of division is multiplication. Multiply both sides of the equation by 25.
25*(5/1)=(x/25)*25
25*5/1=x
25*5=x
125=x
$25 US dollars are equal to 125 Egyptian pounds. Therefore, the watch will cost 125 Egyptian pounds and choice A is correct.
All of the following statements about stock indexes are true EXCEPT
A. stock indexes are based on criteria that define the market segment of interest.
B. stock indexes replicate the market activity in a certain segment of the stock market.
C. stock indexes are unbiased and perfect indicators of market activity.
D. stock indexes can serve as a benchmark to evaluate investment manager performance.
Answer:
C. stock indexes are unbiased and perfect indicators of market activity.
Explanation:
Stock indexes are a tool that is used to track a group of assets using standardised criteria.
Usually indexes monitors a group of securities. Indexes can be broad based or specialised.
Indexes are statistically derived benchmarks that securities are measured against. They are however not unbiased and perfect indicators of market activity.
This is because investor behaviour cannot be guaged statistically.
However indexes replicate the market activity in a certain segment of the stock market, serve as a benchmark to evaluate investment manager performance, and are based on criteria that define the market segment of interest.
In the contracting process, a licensee must be careful to:__________
a. avoid giving the principal any advice about the transaction.
b. describing the normal requirements of a contract to a client.
c. drafting a contract illegally.
d. pointing out to the principals the importance of meeting contingency deadlines.
Answer:
c. drafting a contract illegally.
Explanation:
In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.
Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.
1. Prepare the journal entries for Star Inc. For the month of December: 12/2 Purchased $20,000 of merchandise from Tang Corp., terms 1/20, n/40; FOB shipping point 12/3 The appropriate party paid $150 for shipping costs related to the 12/2 transaction 12/6 Returned $2,000 of merchandise to Tang Corp for credit 12/10 Sold $500 of merchandise to R. Smith, terms 2/10, n/30; cost of merchandise was $120; FOB shipping point 12/11 The appropriate party paid $20 for shipping costs related to the 12/10 transaction 12/18 Received the balance due from R. Smith 12/21 Paid Tang Corp the balance du
Answer:
1.Purchases (Dr.) $20,000
Accounts Payable (Cr.) $20,000
2.Shipping cost (Dr.) $150
Cash (Cr.) $150
3.Purchase return (Dr.) $2,000
Purchases (Cr.) $2,000
4.Account Receivable (Dr.) $500
Sales (Cr.) $500
5.Freight expense (Dr.) $20
Cash (Cr.) $20
Explanation:
The journal entry at the time of purchase will be recorded as accounts payable for complete invoice amount and discount is not incorporated in the entry because it is not realized. The adjusting entry will be recorded when the discount is availed to adjust the transaction and reflect the discount effect in the book of accounts.
hen Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, his manager asked him to resign. In the context of human resource planning, this scenario best illustrates _____ at Srastis.
Answer: Employee separation
Explanation:
From the question, we are informed that Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, and that his manager asked him to resign.
In the context of human resource planning, this scenario best illustrates employee separation. Employee separation has to do with situation whereby the services of an employee is no longer needed by an organization.
Q 8.32: The financial statements of the Otter Company report net sales of $800,000 and accounts receivable of $40,000 and $20,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for the Otter Company
Answer:
26.67 times
Explanation:
The financial statements of the Otter company reports a net sales of $800,000
The account receivables at the beginning of the year is $40,000
The account receivables at the end of the year is $20,000
Therefore, the account receivable turnover for the Otter company can be calculated as follows
= $800,000/($40,000+$20,000/2)
= $800,000/($60,000/2)
= $800,000/$30,000
= 26.67 times
Hence the account receivable turnover for the Otter company is 26.67 times
An investor does not need to constantly modify their portfolio make-up, but wishes to have a certain level of freedom to make adjustments to the portfolio over a 20-year timeframe. The investor would like to keep transaction costs and tax consequences as low as possible and likes to keep risk levels low as well. Which of the following would be good choices for an investor who has these characteristics?
It would be suitable for this investor to day trade using a high degree of leverage.
It would be suitable for this investor to use a rebalancing strategy.
It would be suitable for this investor to use a buy and hold strategy.
It would be suitable for this investor to use a strategic asset allocation approach.
[A] I and II only
[B] II and III only
[C] II and IV only
[D] III and IV only
Answer:
C. II and IV
Explanation:
Since the investor is aimed at maintaining his freedom to adjust the portfolio but also want to keep transactions cost, tax, risk, etc low, the investor will have to use a strategic asset allocation strategy or a rebalancing strategy.
This strategies helps to balance investments and allow investor flexibility. Unlike the other strategies in I and III, I has high risks involved as well as requires a high capital which is not conforming with the mindset of the investor. III on the other hand, keeps transaction cost and tax low but gives no freedom to the investor. This also negates the aim of the investor.
Cheers.
Q 5.34: A wholesaler offers credit terms 1/10, n/30. A fabric store bought goods worth $6,500 from the wholesaler. Within the discount period, the fabric store returned defective goods worth $300 and paid the amount owed. How much did the wholesaler receive as payment
Answer:
the wholesaler received $6,138 as payment.
Explanation:
The seller would receive the the amount owing to customer less the return credit and cash discount of 1 %.
The calculation of this amount is as follows :
Account Receivable $6,500
Less Return Credit ($300)
$6,200
Less Cash discount ($6,200 × 1%) ($62)
Payment $6,138
Conclusion :
the wholesaler received $6,138 as payment.
Match each economic scenario with the correct economic term.
1. A country can produce more units of good B without reducing the units of good A it produces.
2. A country cannot produce more units of good A without producing fewer units of good B
3. A country wants to produce 10 units of good A and 12 units of good B but can produce only 5 units of good A and 4 units of good B.
a. efficiency
b. under utilization
c. unattainability
Answer:
The answer is:
1 - Underutilization
2 - Efficiency
3 - Unattainability
Explanation:
Efficiency in economics means a situation in which all resources are optimally distributed to serve each entity in the best way while minimizing waste and inefficiency.
Underutilization in economics is also a a situation in which lesser resources are being utilized than the economy is capable of utilizing.
Unattainability is a situation in which what one to accomplish or achieve is not possible.
1 - Underutilization
2 - Efficiency
3 - Unattainability
How does merit pay differ from a bonus? Group of answer choices A bonus becomes part of an employee's base pay, but merit pay does not. A bonus is linked to individual performance, while merit pay is linked to team performance. Merit pay is linked to individual performance, while a bonus is linked to team performance. Merit pay becomes part of an employee's base pay, but a bonus does not.
Answer: Merit pay becomes part of an employee's base pay, but a bonus does not.
Explanation:
A merit is an increase in the salary of an employee due to the employee's performance, dedication and hardwork towards his or her job and it is becomes part of the base pay of the employee.
A bonus is a financial compensation that is given to a worker. It should be noted that the bonus is usually a one time payment and doesn't become part of a worker's pay.
A company’s perpetual preferred stock has a par value of $15 million and pays a dividend rate of 7.5% per year. The company’s tax rate is 42%. If the preferred stock’s market value is $14.1 million, what is the company’s annual cost of preferred stock financing? Question 2 options: 1) 7.98% 2) 8.25% 3) 6.89% 4) 7.64% 5) 7.23%
Answer:
1) 7.98%
Explanation:
The solution to the company’s annual cost of preferred stock financing is shown below:-
The Annual cost of preferred stock financing = Preferred stock par value × Dividend rate per year ÷ Market value
= $15 million × (0.075) ÷ $14.1 million
= 7.98%
Therefore for computing the Annual cost of preferred stock financing we simply applied the above formula.
Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.
Answer:
switch away from growing soy beans and growing corn
Explanation:
if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.
James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month.Which checking account would be best for James?
A. Account B
B. Account A
The question is incomplete:
The image with the information of account A and B is attached
Answer:
B. Account A
Explanation:
The answer is that the checking account that would be best for James is account B because it doesn't require a minimum balance, the ATM usage fee is $0 for all ATMs, the monthly fee is $0 if he uses direct deposits as he plans to do, the online bill payment is free and the annual fee is $0 while account B has an annual fee of $36 making it more expensive.
Answer:
acc A
Explanation:
If the distribution of the gains from growth matters, growth in median income is: Multiple Choice the same as growth in per capita income. a less informative measure of growth than growth in per capita income. a more informative measure of growth than growth in per capita income when the distribution of income is equitable. a more informative measure of growth than growth in per capita income when the gains from growth are concentrated on a small segment of the population.
Answer:
a more informative measure of growth than growth in per capita income when the gains from growth are concentrated on a small segment of the population.
Explanation:
Average earnings will look greater than even smaller parts of the community earn big, however, the average will give the appropriate impression on the ground because it is not biased with excessive ends.
Therefore in the case when there is benefit allocation arise from the growth in the median so it would lead to a concentration on the small population segment
Marguerite had been asked by her manager to write a summary of a seminar she had attended. Marguerite’s summary explained that the speaker’s thick accent and excessive use of jargon made it hard for her to follow his presentation. It’s clear that Marguerite experienced _____ barriers during the seminar.
Answer:
language barriers
Explanation:
Since in the question, it is mentioned that there is excessive use of jargon which results in difficulty to understand what the speaker wants to communicate and due to which it becomes harder to her to follow his presentation.
Here jargon means unique words which unable to understand by the group of people
Therefore this is a language barrier during the seminar
n the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity? an increase in its brand equity an increase in its employee productivity an increase in its customers' disposable income an increase in its financial resources
The correct answer is C. An increase in its customers' disposable income
Explanation:
In businesses, the SWOT analysis helps a business grow and improve by considering its strengths which refer to advantages or qualities; weaknesses or areas to improve; opportunities or factors that can contribute positively; and threats or factors that might influence negatively.
In this context, external opportunities refer to factors beyond the control of the business that can make it grow. This includes an increase in the customers' disposable income, which refers to the money customers can spend as they wish because if customers have more money to spend the sales of the business can increase.
As Adam traveled across the state of Tennessee, he stopped and bought gas, a bottle of soda, and a bag of corn chips at a small store that he will probably never visit again. What type of transaction did Adam engage in when he made these purchases?
Answer:
Solo exchange.
Explanation:
Solo exchange is a type of market exchange where there is a short time horizon for the customer-salesperson relation or interaction. This exchange is conflicting in nature, involving a bargain system.
It involves no bonds or any interest in the other party. Consisting of a simple transaction, this short term interaction involves the parties caring about their interests. So, when Adam bought the items from a small store that will never be revisited constitutes a form of solo transaction.
After struggling with the accounting training, Peter is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted. In this case, Peter is low on the ______ element of expectancy theory.
Answer: expectancy
Explanation:
From the question, we are informed that Peter struggled with the accounting training, and as a result is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted.
This shows that Peter is low on the expectancy element of expectancy theory. Expectancy element in the expectancy theory is when one has the belief that his or her effort will lead to the achievement of ones goals and objectives.