Answer:
D) is not acceptable because such a guarantee would cause a conflict of interest pertaining to the IA's fiduciary duty to each client
Explanation:
The members of the North American Securities Administrators Association (NASAA) must follow their Model Rule which prohibits investment adviser firms from guaranteeing investment results, in other words they cannot guarantee a minimum profit.
In this case the employee suggested that if their clients didn't earn a minimum 12% profit, then they would refund any fees collected. But the IA firm is not allowed to guarantee the 12% value increase or profit.
Answer:
Assets : Cash, Accounts receivable, Equipment
Liabilities : Salaries and wages payable, Accounts payable, Notes payable
Owners Equity : Owner’s capital
Explanation:
Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.
Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.
Liabilities are financial burden of the business, the amount business owes to others.
Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.
Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.
Speak to their corporate consumer department.
The statement that applies are the rental of ant kayak equipment you need the wages that you forgo by going kayaking and the fee for accessing the river in a national park
Explanation:
The true cost for going to a particular place includes all that costs that are included from moving to a place that includes all the wages and the vehicle cost
Here the opportunity costs includes the fee to go to the national park by crossing the river and the amount that is needed to be spent on the equipment and the wages that must be forgo by going to kayaking all these statements best includes the true costs of going to kayaking
Answer:
Annual demand (D) = 1,600 units
Ordering cost per order (Co) = $16
Holding cost per item per annum (H) = $8
EOQ = √2Dco
H
EOQ = √2 x 1,600 x $16
$8
EOQ = 80 units
Explanation:
EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum.