When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge is apportioned to all of the following except The mutual fund.
<h3>
What does it mean to be a member of FINRA?</h3>
The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.
A member is a registered investment firm or a brokerage or a dealership. Generally, an associated person is registered under the company rules and holds an important position at a company making investment decisions.
To learn more about FINRA visit the link
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Answer:
- Derek is an agent of Jonah
- Derek failed in his fiduciary duties to his principal
Explanation:
An a agent is someone that is appointed by a principal to take care of their interests. The agent's loyalty is to only his principal and he should not manipulate the relationship for personal gain.
In the given scenario Jonah appointed Derek to arrange for parasailing activity. So he is an agent to Jonah in this respect.
However Derek chooses an outfit called Wind Beneath My Wings where he is an owner, he put aside $600 instead of $350 for the reservation, and the company is unlicensed.
All these are violations of Derek's fiduciary duty. He put Jonah at risk for his own personal gain.
Answer:
Explanation:
The adjusting entries are shown below:
a. Unearned Fees A/c Dr $82,760
To Fees Earned A/c $82,760
(Being unearned fees are adjusted)
For recording the transactions we debited the unearned fees account and credited the fees earned account
b. Accounts Receivable A/c Dr $32,640
To Fees Earned A/c $32,640
(Being accrued fees recorded)
As the earned fees do not bill so we debited the account receivable account and credited the fees earned account
The assumption that if planning is perfect there is no need for controlling is false.
This is because controlling is a very vital and important part of
management. Controlling helps to organize the various factors needed in
the completion of a project. This helps to prevent and reduce mistakes to
the barest minimum that may arise as we are all prone to errors.
A management process without any form of control will result in the target
and exact instructions not being met or adhered to.
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Her budget is $130
If she buys the sushi and bagels before the price drops, she will spend
exactly $130.
If she buys the sushi and bagels after the price drops, she will spend $100.
If she buys it together, her price will be $230
Idk if thats what your asking because there is no question
-IronWolfX
