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Rudik [331]
4 years ago
9

A registered representative is a 15% participant in an investment club formed by members of the local Elks Club. The Elks Club i

nvestment club has opened a securities account at ABC Brokerage. The account wishes to buy an IPO being offered by an underwriter. Which statement is TRUE?
A. The account can buy the issue without restriction
B. The account can buy the issue if the branch manager approves
C. The account can buy the issue if the registered representative agrees not to share in the profit on the position
D. The account is prohibited from buying the new issue
Business
1 answer:
laiz [17]4 years ago
3 0

Answer:

D. The account is prohibited from buying the new issue.

Explanation:

This account which is known to be owned by the registered representatives above are been put on probation or generally prohibited from purchasing new issues from its underwriters. Also it is known that for any account in whose name is been registered, its representatives or restricted persons have a greater than 10% participation as well. Therefore, there will be a prohibition in IPO purchase on such accounts. There are also other values that comes with IPO which includes the fact that it gives public awareness by making products been known by potential customers.

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When the force on an object increases, so does its __________.
prisoha [69]
A.

when the force of an object increases, so does its acceleration.
4 0
3 years ago
Read 2 more answers
All City​ Realty, Inc. issued 10 comma 000 shares of $ 3 stated value common stock for $ 16 per share. The journal entry to reco
elena55 [62]

Answer:

B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000

Explanation:

Whenever shares are issued at a price higher than the par value, then the additional value that is higher than par value is is added to paid in capital in excess of stated common capital.

Here, in the given case stated capital = 10,000 \times $3 = $30,000

Paid in capital in excess of stated capital = 10,000 \times ($16 - $3) = $130,000

Thus, correct entry will include credit to both of the above.

Therefore, correct option is

B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000

7 0
4 years ago
Jon is always willing to trade one can of Coke for one can of​ Sprite, or one can of Sprite for one can of Coke.
marshall27 [118]

Answer:

For each can of soda he gets one in return.

Explanation:

If he gets one soda for another the logical answer is that for each trade he gets a soda but it also could mean that those are his two favorite.

7 0
4 years ago
Duffy is a passenger in a car that caleb is driving when an accident occurs. both caleb and duffy are emotionally rattled, but n
Genrish500 [490]

Answer:

False

Explanation:

Caleb is liable for negligence if the accident wasn't caused by him, but was caused by another vehicle.

For negligence theory to be true in this case the following must happen;

1. Caleb must make a mistake

2. The mistake must cause damage to Duffy

3. The mistake must not be of catastrophe

3 0
4 years ago
The Federal Reserve can: A. simultaneously set any money supply and any nominal interest rate target. B. set the target money su
adell [148]

Answer:

The answer is C.

Explanation:

The Federal Reserve acts as the Central Bank. And the tool it uses to control the economy is monetary policy and its tools are:

1. Reserve requirements

2. Open market operation

3. Discount rate(interest rate)

The Federal reserve can control the money supply in the eco economy through any of these tools.

For example, if Federal reserve wants to increase the money supply, they can do the following:

a) reducing the interest rate it lends commercial banks money, commercial banks too reduces the interest it charges businesses or households. With lower interest, households and businesses are encouraged to borrow, thereby increasing the money supply and vice-versa.

b) lowering the reserve requirements. Reserve requirement is the minimum balance commercial banks must have with the federal reserves. This is guided by law. Lowering the reserve requirements enable commercial banks to have more money to lend to their customers and vice-versa.

In all, Federal reserve use any of these tools to control money supply that is consistent with their target nominal interest rate.

4 0
3 years ago
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