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2 years ago

A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______

1 answer:

4 0

A Money Manager is a person or Financial firm that charges customers based on a percentage of the assets under management.

A money manager is someone or a financial firm that manages the securities portfolio of a person or institutional traders. expert money managers do now not receive commissions on transactions; instead, they are paid based on a percent of property underneath management.

A financial firm approach any firm or fund that makes assignment capital or other investments, or that engages in funding banking, the mutual fund business, or the securities commercial enterprise.

A financial services organization is an enterprise or organization which manages, invests, exchanges, or holds money on behalf of customers.

The 4 maximum common sorts of economic establishments are business banks, brokerage firms, insurance organizations, and investment banks.

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Preparing an Overhead Budget Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the c

Sergio [31]

Answer:

January:

Total overhead= $11,948

February:

Total overhead= $11,360

March:

Total Overhead= $13,302.5

Explanation:

Giving the following information:

Budgeted direct labor hours for the first 3 months of the coming year are:

January= 13,140

February= 12,300

March 15,075

The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,750 per month.

To calculate the total overhead for each month, we need to sum the total variable overhead and the fixed overhead. <u>Total variable overhead is the result of applying the variable overhead rate multiplicated with the direct labor hour.</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

January:

Total overhead= (0.70*13,140) + 2,750= $11,948

February:

Total overhead= (0.70*12,300) + 2,750= $11,360

March:

Total Overhead= (0,70*15,075) + 2,750= $13,302.5

3 0

3 years ago

The inventory of Cullumber Company was destroyed by fire on March 1. From an examination of the accounting records, the followin

maria [59]

Answer:

a. Merchandise lost by fire value = $20,760

b. Merchandise lost by fire value = $25,770

Explanation:

Net sales = $51,000 - $1,100

= $49,900

Net purchase cost = $31,000 + 1,200 - $1,500

= $30,700

a. Gross profit = $49,900 × 40%

= $19,960

Cost of goods sold = $49,900 - $19,960

= $29,940

Cost of goods sold = beginning inventory + Purchases - ending inventory

= $29,940 = $20,000 + $30,700 - ending inventory

Ending inventory = $20,760

Merchandise lost by fire value = $20,760

b. Gross profit = $49,900 × 30%

= $14,970

Cost of goods sold = $49,900 - $14,970

= $34,930

Cost of goods sold = beginning inventory + Purchases - ending inventory

= $34,930 = $30,000 + $30,700 - ending inventory

ending inventory = $25,770

Merchandise lost by fire value = $25,770

5 0

3 years ago

Industrial Machines needs to purchase a new machine costing $1.25 million. Management is estimating the machine will generate ca

max2010maxim [7]

Answer:

The firm shouldn't purchase the machine because the IRR is less than the required minimum

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated using a financial calcuator

Cash flow in year 0 = $-1.25 million.

Cash flow in year 1 = $210,000

Cash flow in year 2 to 5 = $350,000

IRR = 8.51%

The firm shouldn't purchase the machine because the IRR is less than the required minimum

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button

8 0

3 years ago

Establishing international treaties that ban the transfer of potentially harmful species from one country to another is a good w

Anna35 [415]

Establishing international treaties .............................. is a good way to control INTRODUCTION OF INVASIVE SPECIES.
Invasive species are those animal species which are removed from a different ecosystem and are brought to a new ecosystem, where they cause damages to other species which originally inhabit the ecosystem. Invasive species can wipe out the native species thus disrupting the ecosystem.

6 0

3 years ago

According to the following screening criteria, how many public companies are there in the United

IgorC [24]

Answer:

ya know 4

Explanation:

i git it righr....

7 0

2 years ago