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GrogVix [38]
3 years ago
11

"The legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment bankin

g department is the:"
Business
1 answer:
bogdanovich [222]3 years ago
6 0

Answer:

Sarbanes-Oxley Act of 2002.

Explanation:

Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.

Hence, the legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the Sarbanes-Oxley Act of 2002.

<em>It is a law that imposes a stiffer penalty for any securities related law break offence by the accountants, auditors etc by mandating strict reforms to the existing securities regulations. </em>

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"you are borrowing $1,000 with an apr of 10% and a loan maturity of one year. total interest charges will be the highest when __
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When you make one payment in full at the end of the year.

3 0
3 years ago
Which of the following statements concerning the reduction of Social Security benefits is (are) correct?
tatiyna

Answer:

b) 2 only

Explanation:

The Social Security Act set up the Old Age and Survivors Insurance Trust Fund (OASI), from which retired individuals receive their payments. These benefits are subject to taxes, and can be withheld if a debt is incurred or an over-payment occurs.

5 0
3 years ago
On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation as of December 31 of $
Setler [38]

Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.

<h3>What is loss on Equipment Disposal account?</h3>

Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.

The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.

On December 31, the debited amount is calculated as:

=\text{Disposed Equipment- Accumulated Depreciation}\\\\ =\$6,000- \$4,500\\\\ =\$1,500

Therefore, $1,500 will be the amount of loss on disposal of the Equipment.

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7 0
2 years ago
the profit on the sale of land between a parent and its subsidiary . group of answer choices can be partially realized if the va
stellarik [79]

At the time of the arrive deal, both the dealer and buyer account for the exchange as in the event that it were entered into with an irrelevant commerce.

What Is the Impact of the Intercompany Deal of Arrive on Solidified Net Income?

When a gather of two or more businesses is required to report money related comes about on a solidified premise, for the most part acknowledged bookkeeping standards, or GAAP, require the end of intercompany deals amid the combination prepare. Disposing of the intercompany deal of arrive has an prompt impact on the sum of solidified net salary detailed on the benefit and misfortune explanation. The fundamental disposal sections can influence future solidified net salary in case the arrive is ever sold to an disconnected party.

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4 0
1 year ago
Garcia Industries has sales of $167,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay.
miv72 [106K]

Answer:

c. $488.77

Explanation:

Step 1: Calculate Accounts Receivable for Industry DSO

The accounts receivable for industry DSO is calculated as below:

Accounts Receivable (Industry DSO) = Sales Value*Industry Average DSO/Total Days in the Year

Using the values provided in the question in the above formula, we get,

Accounts Receivable (Industry DSO) = 167,500*27/365 = $12,390.41

_____

Step 2: Calculate Value of Freed-Up Cash

The value of freed-up cash is determined as below:

Freed-Up Cash = Value of Accounts Receivable at Company's DSO - Value of Accounts Receivable for Industry Average = 18,500 - 12,390.41 = $6,109.59

_____

Step 3: Calculate Effect of Net Income

The effect on net income is calculated as below:

Effect on Net Income = Freed-Up Cash*Rate of Return = 6,109.59*8% = $488.77

6 0
3 years ago
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