1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kazeer [188]
3 years ago
11

An investment advisor buys 1000 shares of ABC common stock for his personal account. A short time later, the advisor buys 100,00

0 shares of ABC stock and allocates the shares to customer accounts that he manages. The investment advisor has acted:____________.
Business
1 answer:
Colt1911 [192]3 years ago
3 0

Answer:

In the interest of clients

Explanation:

Remember an investment advisor provides guidance to clients in exchange for agreed fees. Because of this relationship the Investment advisor owe a fiduciary duty to clients; meaning they are madated to put the clients’ interests over their own.

In this scenario the investment advisor first buys 1000 shares of ABC common stock for his personal account.

Considering the clients interest first he buys shares of ABC stock that are greater than his worth 100,000 which he allocates to customer accounts.

You might be interested in
Last week, a gift shop’s employees heard their longtime store manager announce that she is leaving. Now they’ve read an announce
MissTica

Answer: Uncertainty

Explanation: In simple words, uncertainty refers to a situation under which an individual or an entity is not sure about their belief or decision regarding a particular subject matter.

In the given case, the employees of the store are unknown to the reality of how the new manager will be.

Hence from the above we can conclude that the above case demonstrates uncertainty.

               

6 0
3 years ago
Increased professionalism in police forces has been made possible by two-way radios, telephones, and automobiles. in what way ha
anzhelika [568]
Answer:  
One way in which society has not benefited from the increasing police professionalism is because of the increase, community relations between civilians and police suffered despite the removal of political involvement.
8 0
3 years ago
On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 22 million of its $1 par common
Vikentia [17]

Answer:

1.$92.4million

2. January 1, 2021

No journal entry

3. December 31, 2021

December 31, 2022

Dr Compensation expense $30.8million

Cr Paid in capital -restricted stock $30.8million

4. December 31, 2022

Dr Compensation expense $30.8million

Cr Paid in capital -restricted stock $30.8million

5. December 31, 2023

Dr Compensation expense $30.8million

Cr Paid in capital -restricted stock $30.8million

6. December 31, 2023

Dr Paid in capital -restricted stock $92.4million

Cr Common stock $22 million

Cr Paid in capital-excess of par $70.4 million

Explanation:

1. Calculation to determine the total compensation cost pertaining to the RSUs

Total compensation cost =$4.20 fair value per share × 22 million shares represented by RSUs granted

Total compensation cost=$92.4million

Therefore the total compensation cost pertaining to the RSUs is $92.4million

2. Preparation of the appropriate journal entry to record the award of RSUs on January 1, 2021

January 1, 2021

No journal entry

3.Preparation of the appropriate journal entry to record compensation expense on December 31, 2021

December 31, 2021

Dr Compensation expense $30.8million

Cr Paid in capital -restricted stock $30.8million

($92.4million/3 years)

4. Preparation of the appropriate journal entry to record compensation expense on December 31, 2022

December 31, 2022

Dr Compensation expense $30.8million

Cr Paid in capital -restricted stock $30.8million

($92.4million/3 years)

5. Preparation of the appropriate journal entry to record compensation expense on December 31, 2023.

December 31, 2023

Dr Compensation expense $30.8million

Cr Paid in capital -restricted stock $30.8million

($92.4million/3 years)

6. Preparation of the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.

December 31, 2023

Dr Paid in capital -restricted stock $92.4million

Cr Common stock $22 million

Cr Paid in capital-excess of par $70.4 million

($92.4million-$22 million)

6 0
3 years ago
The total market value of a municipality is $25,000,000 and the total assessed value of a municipality is $11,250,000. What is t
gulaghasi [49]

Answer: The equalization rate for the municipality is 45%.

Explanation:

Given that,

Total market value of a municipality = $25,000,000

Total assessed value of a municipality = $11,250,000

Therefore,

Equalization rate for the municipality =\frac{Assesed\ value}{market\ value}

= \frac{11250000}{25000000}

= 0.45

= 45%

Hence, the equalization rate for the municipality is 45%.

6 0
3 years ago
A company has 525 shares of $61 par value preferred stock outstanding. It also has 21,000 shares of common stock outstanding, an
pantera1 [17]

Answer:

$32.6

Explanation:

Please see attachment

7 0
3 years ago
Other questions:
  • One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ tr
    8·1 answer
  • For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade pr
    14·1 answer
  • Suppose you are planning to spend $1,768 annually for vacation during the next 30 years. You are offered to pay $30,000 now so t
    10·1 answer
  • Yurman Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or th
    6·1 answer
  • A performance rating error in which the rater tends to give employees either extremely high or extremely low ratings is referred
    8·1 answer
  • Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
    5·1 answer
  • In its role as money manager, the Federal Reserve has three primary goals: to maintain stable prices (control inflation), ensure
    9·1 answer
  • Those interested in entrepreneurship volunteer their time with service organizations for all of the following EXCEPT.
    8·1 answer
  • The editing technique of joining together two shots is called
    15·1 answer
  • Select all correct answers
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!