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Anit [1.1K]
3 years ago
12

A municipal issuer official has lost her re-election campaign and has just left elected office. She is soliciting political cont

ributions in a "clean-up" campaign to settle her campaign debt. Which statement is TRUE about an MFP that wishes to contribute $500 to the "clean-up" campaign?
Business
1 answer:
Sindrei [870]3 years ago
5 0

Answer: Because the issuer official no longer holds elected office, the contribution limits of Rule G-37 do not apply.

Explanation:

Rule G-37 is a way to ensure that Municipal Issuers are not unduly influenced by those who donated to their campaigns to get into a position to become Municipal Issuers.

It prohibites for 2 years, Municipal Finance Professionals (MFP) amongst others from engaging in municipal securities business with a Municipal issuer.

An exception however, is that if the MFP is entitled to a vote for the Official in question, they can donate no more than $250 per election.

Seeing as the Municipal Issuer Officer has lost her position, the MFP need not worry about this $250 limit as it no longer applies to her. The MFP is free to donate $500 to the "clean-up" campaign.

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Which of the following is a reason the government can’t completely control the business cycle
saveliy_v [14]

The basic reason is the government can’t control interest rates is the business cycle. Changes in interest rates should be reflected in the business cycle.

What is business cycle?

The term "business cycle" is used by economists to describe the increase and decrease in economic activity over time.

The interest rate cycle is closely related to the business, trade, and economic cycles. Theoretically, changes in interest rates should be reflected in the economic cycle. But the government can’t completely control interest rates.

Governments attempt to control business cycles through spending, tax increases or decreases, and interest rate changes. In order to stifle inflation and slow down the economy, the government will raise interest rates.

As a result, option (b) the government can't control interest rates is correct.

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6 0
2 years ago
Anthony corporation reported the following amounts for the year: net sales$296,000 cost of goods sold 138,000 average inventory
VladimirAG [237]

In the given question GP ratio will be 53.4%

Here Net sales= 296000 $

Cost of goods sold= 138000 $

average inventory= 50000 $

Gross profit= Net sales- Cost of goods sold

                    =296000-138000

                     =158000

Formula for calculating Gross profit ratio is:

Gross profit/ Net sales *100

= 158000/296000*100

=53.4%

Gross profit ratio is a financial ratio which measures the performance and efficiency of a business by dividing its gross profit  by the total net sales. The gross profit ratio can also be expressed in  the form of percentage by multiplying the result by 100.

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4 0
1 year ago
Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustm
prohojiy [21]

Answer:

The Adjustment Entry for accrual of Interest Expense will be as follows:

                                              Dr.       Cr.

Interest Expense                $840

Interest accrued Payable               $840

Explanation:

Interest per day = $28

Interest expense for the Month = $28 x 30 = $840

$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.

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2 years ago
g A monopolist is considering third degree price discrimination. It estimates that the inverse demand curves of its two potentia
Gnom [1K]
If i know what source i will answer from, i will gladly help
4 0
2 years ago
At a price of $5, Sam buys 10 units of a product; when the price increases to $6, Sam buys 8 units. Martha says Sam's demand has
forsale [732]

Based on the information given, Martha is incorrect. Sam's quantity demand has decreased.

<h3>What is demand?</h3>

Demand means the quantity of a good and services that consumers are willing and able to buy at various prices during a given period of time

In this case, Martha is incorrect. This is because Sam's quantity demanded has decreased, and his demand has not changed.

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5 0
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