All categories

1 year ago

An investment adviser would be considered to have custody of client funds if it:___.

1 answer:

Nutka1998 [239]1 year ago

7 0

However, if you instruct a custodian or third party to transfer the money and you hold a check made by the client and payable to the advisor, the advisor will keep the client's money.

SEC-registered investment advisors who hold client funds or securities in custody are required to protect those funds under the SEC's custody rules. Custody Rules provide investors with additional protection against theft or embezzlement by investment advisors,

Managers of private equity funds and other private investment funds registered as investment advisers with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940 (the Advisers Act) are subject to regulation 206(4). -2 must be adhered to. custody rules.

Learn more about adviser at

brainly.com/question/13628349

#SPJ4

You might be interested in

Suppose labor's share of output is 60% and capital's share of output is 40%. If labor grows at a rate of 5%, then this will caus

12345 [234]

If capital grows at a rate of 5%, then this will cause output to grow at a rate of 1%.

Given,

Labor's share of output = 60%

Capital's share of output = 40%

Labor grows on a rate of = 5%

Capital grows on a rate of = 5%

Thus, output will grow at a rate of = ?

SR(t) = Δy/Δt/Y - (αΔk/Δt/k(t) + (1-α)(ΔL/Δt/L(t))

Here, α = 60%

So, labor's share = (1 - 0.6) × 5 = 2%

Capitals contribution = 0.4 × 5 = 2%

Implied rate of growth in technology is also given,

SR = (5) - (2+2)

= 1%

Hence, if capital grows at a rate of 5%, then this will cause output to grow at a rate of 1%.

To learn more about capital here:

brainly.com/question/24212838

#SPJ1

8 0

1 year ago

Prepare journal entries to record the declaration and payment of these stock and cash dividends. 2. Prepare the December 31, 202

erma4kov [3.2K]

Answer:

Retained Earning (Dr.) $295,000

Stock Dividend Payable (Cr.) $295,000

To record stock dividend

Retained Earnings (Dr.) $157,800

Cash (Dr.) $157,800

To record cash dividend

Explanation:

Statement of Shareholder's Equity

Retained Earnings Beginning Jan 21 $1,275,000

Net Income $2,250,000

Cash Dividend $157,800

Stock Dividend $295,000

Retained Earning Ending $3,072,200

5 0

3 years ago

You and a friend are putting together a film on a very small budget. the script takes place in the 1970s, but you don't have muc

myrzilka [38]

Some of the ways that you could find costumes for your film are the following:

1. It would first help to have actors that already look like they belong in the 1970’s. Having the authentic look can help sell the costumes even more.

2. Relying on second- hand/low-budget vintage stores would be the way to go.

3. Go to a Fabric store or some place online and order fabric to create, If there were a piece that couldn’t be find and needed in the film.

7 0

3 years ago

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $3

Slav-nsk [51]

Answer:

a. $2.4

b. $10,000 under-applied

c. Cost of goods sold A/c Dr $10,000

To Manufacturing overhead $10,000

Explanation:

a. The computation of the manufacturing overhead rate is shown below:

Manufacturing overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $300,000 ÷ 125,000 hours

= $2.4

(B) Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 130,000 hours × $2.4

= $312,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $322,000 - $312,000

= $10,000 under-applied

c. The adjusting entry is shown below:

Cost of goods sold A/c Dr $10,000

To Manufacturing overhead $10,000

(Being the under-applied overhead is adjusted)

5 0

3 years ago

Each year a company selects a number of employees for a management training program. On average, 60 percent of those sent comple

Gnesinka [82]

Answer:

the probability that exactly 8 complete the program is 0.001025

Explanation:

given information:

60 % of those sent complete the program, p = 0.6

the total of people being sent, n = 27

exactly 8 complete the program, x = 8

to find the probability, we can use the following formula

$P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}$

$P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}$

$P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}$

= 0.001025

3 0

3 years ago