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Sav [38]
2 years ago
14

How often must a financial institution pay interest to the commissioner of management and budget from a broker's interest-bearin

g trust account?
Business
1 answer:
Luda [366]2 years ago
3 0

The answer is At least quarterly.

financial institution pay interest to the commissioner of management and budget from a broker's interest-bearing trust account at least quarterly.

What is a Financial institutions?

  • A financial institution (FI) could be a company locked in within the business of managing with monetary and financial transactions such as stores, advances, ventures, and cash exchange.
  • Financial institutions envelop a wide run of commerce operations inside the money related administrations segment counting banks, believe companies, protections companies, brokerage firms, and speculation dealers.
  • Financial teach can shift by measure, scope, and geography.
  • A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

To know more about financial institution visit:

brainly.com/question/14583055?

#SPJ4

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The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30000 shares) Treasu
marishachu [46]

Answer:

A) 26920

Explanation:

Issued common stock with par $10, total $270,000. The total number of issued stocks = $270,000 / $10 per stock = 27,000 stocks

Stocks held in Treasury = $1,200 / $15 per stock = 80 stocks

The total number of outstanding stock = total number of issued stocks - stocks held in Treasury = 27,000 stocks - 80 stocks = 26,920 stocks

7 0
3 years ago
company is interested in developing a quarterly aggregate production plan but they are not sure if a level strategy with backord
sashaice [31]

A. if demand in this month greater than the previous month Hiring = This month production - previous month production Layoff = 0

B. .If the demand of this month less than that of previous month hiring = 0 Layoff = Previous month production - this month production.

<h3>How do production operations function?</h3>

The definition of production operations management Production operations management is the process of converting the resources of an organization into products and services. The processes involved in producing products are covered by production management. Production and service delivery are two topics that fall under the purview of operations management.

<h3>According to the given information:</h3>

Demand            Production                  Hire               fire

0 1300                         - -

1 4000               4000                2700 = (4000-1300) 0

2 2000                      2000        2000 = (4000-2000)      0

3 4000                4000        2000 = (4000-2000) 0

4 5000                5000        1000 = (5000-4000) 0

Firing cost for quarter 2 = 2000 * $80 = $160000

A. if demand in this month greater than the previous month Hiring = This month production - previous month production Layoff = 0

B. .If the demand of this month less than that of previous month hiring = 0 Layoff = Previous month production - this month production.

To know more about production operations visit:

brainly.com/question/12593033

#SPJ4

7 0
2 years ago
Overhead Application, Overhead Variances, Journal EntriesPlimpton Company produces countertop ovens. Plimpton uses a standard co
kari74 [83]

Complete Question:

The first two files attached contain the complete question

Answer:

Other file shows a step by step solution as follows

answer 1

answer2 etc

3 0
3 years ago
On 1/1/X1, Dolan Corp. pays $100,000 to retire its bonds early. At the time of the retirement, the bonds have a face value of $1
galben [10]

Answer:

2,000 loss on redemption

Explanation:

the company will recognzie considering the current value of the bonds, thus the carrying value:

as the face value is lower than carrying value there is a discoutn for the difference: 104,000 - 98,000 = 6,000

When we compare the cash outlay with the carrying value we sovle for the redemption result:

98,000 bonds are paid at 100,000 therefore 2,000 loss

bonds payable         104,000 debit

loss on redemption     2,000 debit

         discount on BP              6,000 credit

          cash                           100,000 credit

6 0
3 years ago
For each month of next year, Company R’s monthly revenue target is x dollars greater than its monthly revenue target for the pre
belka [17]

Answer:

$340,000

Explanation:

Revenue target for September is $30,000 larger than its revenue target for June, since there are 3 months between June and September, its revenue target grew by $10,000 each month (= $30,000 / 3).

If the company's revenue target is $310,000 for December, and it continues to grow at the same rate, t will be $320,000 for January, $330,000 for February and finally $340,000 for March.

4 0
3 years ago
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