The CSS Profile, short for the College Scholarship Service Profile, is an online application created and maintained by the United States-based College Board that allows college students to apply for non-federal financial aid.
Answer:
a. Custodial fund
Explanation:
Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.
This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.
The correct option is a.
Custodial Fund.
Answer:
a. A salary check received at 6:00 p.m. on December 31, after all the banks have closed.
b. A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.
Explanation:
The principle of constructive receipt is determined by when the person who receives the income had control over it. An individual or company is considered to have control over income when it is credited to that person or company. Basically, it's when you could spend that income if you wanted, even if you don't spend it.
From the principle of constructive receipt in the above paragraph, only option a (A salary check received at 6:00 p.m. on December 31, after all the banks have closed.) and b ( A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.) fall within the category. The other three options, the person is unable to spend the check even if they wanted to, until after December 31.
The impact of war in international trade includes:
- restriction of goods to the countries
- conflict leading to non-agreement on trade
- low or no trade relationship between countries.
<h3>What is an international trade?</h3>
This refers to the economic transactions that are made or took place between countries.
Hence, any military conflict impact on international trade by causing a restriction of goods to the countries, conflict leading to non-agreement on trade, low or no trade relationship between countries etc.
Read more about international trade
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Answer:
1. As you have to spend more Yens for 1 USD at future date, it means that Yen is selling at discount in the forward market relative to the US Dollar.
2. The spot exchange rate is ¥132.78 per dollar, hence, total dollars Purple Panda Importers will receive today is ¥625 million/¥132.78 = $4.71 million
3. Purple Panda Importers would get more dollars if the Japanese firm paid off its account <u>today</u>.That is, he will get more money if the account is paid today.
