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BartSMP [9]
3 years ago
13

Which of the following are correct concerning customer background and financial information, according to options exchange rules

?
(i)-Financial information which the customer supplies must be sent for verification by the broker/dealer within 15 days after the account has been approved for options transactions.
(ii)-If the firm becomes aware of material changes concerning existing customers, a copy of background and financial information on file must be sent to the customer within 15 days after the firm becomes aware of the change.
(iii)This information must be sent to the customer by the firm for verification within 15 days after the account is approved for options transactions unless it is contained in the customer's account agreement.
(A) I only
(B) II only
(C) III only
(D) I, II, and III
Business
1 answer:
Sever21 [200]3 years ago
3 0

Answer:

(D) I, II, and III

Explanation:

1. Financial information which the customer supplies must be verified by the broker/dealer within 15 days after the account has been approved for options transactions.

2. If the firm becomes aware of material changes concerning existing customers, a copy of background and financial information on file must be sent to the customer within 15 days after the firm becomes aware of the change.

3. This information must be sent to the customer by the firm for verification within 15 days after the account is approved for options transactions unless it is contained in the customer's account agreement.

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Answer:

Explanation:

Which of the following was a demand of the marchers

jobs for women

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second-class citizenshipWhich of the following was a demand of the marchers?

6 0
3 years ago
Assume that three identical units of merchandise were purchased during October, as follows: Units Cost October 5 Purchase 1 $5 1
den301095 [7]

Answer:

Cost of merchandise sold = $ 28

Gross profit = $ 13

The ending inventory under the LIFO method = $ 18

Explanation:

Given:

October 5,

Purchased units =  1

Unit cost = $5

on October  12,

Purchased units = 1

Unit cost = $ 13

On October 28,

Purchased unit = 1

Unit cost = $ 15

Total cost of the 3 units purchased = $33

Now, the unit sold on October 31 will be the unit purchased in the end i.e on October 28

thus,

Cost of merchandise sold = $ 28

Gross profit = Selling price of the unit - Unit price of purchase

or

Gross profit = $ 28 - $ 15 = $ 13

now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18

4 0
3 years ago
Read 2 more answers
A company’s production budget requires the following units of a single product for the upcoming year: 1st quarter 60,000 units 2
maks197457 [2]

Answer:

165,000 pounds

Explanation:

A Purchase Budget is required to determine the quantities and cost of purchases required for use in production.

Materials Purchase Budget for Second Quarter (Pounds)

Budgeted Production Materials (80,000 x 2)                    160,000

Add Budgeted Closing Materials (90,000 x 2 x 25%)        45,000

Total Materials                                                                     205,000

Less Budgeted Opening Materials (80,000 x 2 x 25%)    (40,000)

Budgeted Material Purchase (pounds)                               165,000

Therefore,

Budgeted purchases of material for the second quarter would be 165,000 pounds

8 0
3 years ago
Failing to respond to the needs of internal customers will diminish the confidence these users have in purchasing, and they may
Solnce55 [7]

Answer:

The correct answer is Maverick buying.

Explanation:

Maverick, is a wayward, a dissident, a rebel, someone who refuses to abide by the rules or resists joining a group. The term originates from Samuel A. Maverick (1803-1870), a Texas rancher, who refused to mark his cattle.

The "maverick buying", refers to purchases out of contract or channels established by an organization. For example, the Corporate Supply department negotiates a competitive price for certain particular models of laptops with a distributor. Days later, someone from the Human Resources department requests the purchase of a much more expensive model, for which a discount has not been negotiated.

Another example: traveling in an airline and staying in a hotel other than those with which the company has signed agreements.

The impact of bypassing the preferred purchasing channels and systems can vary from operational inefficiency, to missing out on the advantages of corporate contract negotiation, large fines and even jail time.

4 0
3 years ago
The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu
valentinak56 [21]

Answer:

the fund balance is $1,727,056.25

Explanation:

The computation of the fund balance is shown below:

Given that

PMT = $125,000

NPER  = 10

RATE = 7%

PV = $0

The formula is shown below:

= -FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the fund balance is $1,727,056.25

Here basically the future value formula should be applied

7 0
2 years ago
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