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elixir [45]
3 years ago
15

An investment adviser has been formed and the firm and its representatives file their first registration with the State on July

1st. On June 30th of the following year, the firm files renewal registrations for itself and its representatives. Which statement is TRUE under the Uniform Securities Act?
A. Since State registration is good for 1 year, the renewals were filed in a timely manner
B. The firm's registration and its representatives' registrations lapsed after December 31st of the preceding year
C. The firm's registration and its representatives' registrations are good until December 31st of the current year, at which point they must be renewed
D. There is no requirement for annual registration renewals in the State
Business
1 answer:
dexar [7]3 years ago
6 0

Answer and Explanation:

B. The firm's registration and its representatives' registrations lapsed after December 31st of the preceding year

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The net income reported on the income statement for the current year was $240,000. Depreciation was $52,000. Accounts receivable
Tpy6a [65]

Answer:

$325,500

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $240,000

Adjustment made:

Add : Depreciation expense $52,000

Add: Decrease in accounts receivable $5,000

Add: Decrease in inventory $15,000

Add: Increase in accounts payable $14,000

Less: Increase in prepaid expenses -$500

Total of Adjustments $85,500

Net Cash flow from Operating activities               $325,500

This is the answer and the same is not provided in the given options

4 0
4 years ago
Keynesian theory is based on the concept that saving and consumption are influenced primarily by real current disposable income.
Sonbull [250]

Answer:

saving and consumption are influenced primarily by real current disposable income

Explanation:

keynesian economics is a known form of economics that is of demand-side in the sense that it encourages government action to increase and decrease demand and output.

Consumption is using ur money by spending it on new goods and services out of a household's current income.

While Saving is simply not eating up or the act of not consuming all of one's current income. Keynes argument was that the interest rate is not the most necessary factor in saving and consumption decisions. Rather, real saving and consumption decisions depend primarily on a household's real disposable income

4 0
3 years ago
Which of the following statements is true of the sources of competitive advantage?
chubhunter [2.5K]

Answer:

Which of the following statements is true of the sources of competitive advantage?

It is possible to improve quality and also enhance speed.

Explanation:

It is possible to improve quality and also enhance speed, competitive advantage helps to improve quality as a result of the competition from others as well as increase in speed at which it will be carry out in order to outsmart other competitor.

3 0
3 years ago
Jay sold three items of business equipment for a total of $300,000. None of the equipment was appraised to determine its value.
olasank [31]

Answer:

Consider the following calculations

Explanation:

Step 1. Given information.

Asset        Cost        Adjusted Basis

--------------------------------------------------

Skidder   230,000      40,000

Driller       120,000      60,000  

Platform  620,000        0

-------------------------------------------------

Total         970,000      100,000

Step 2. Formulas needed to solve the exercise.

Allocation for each asset =  value sold * (adjusted basis / total)

Gain on sale = Sales price - Adjusted basis amount

Step 3. Calculation and Step 4. Solution.

Sales price is allocated on the basis of adjusted value.

  • Skidder = 300.000 * 40.000/100.000 = 120.000

  • Driller = 300.000*60.000/100.000 = 180.000

  • Platform = 300.000*0/100.000 = 0

Gain on sale = Sales price - Adjusted basis amount

                        = 300.000 - (40.000 + 60.000 + 0)

                        = 200.000

6 0
3 years ago
Select all that apply.
Bumek [7]

Answer:

facing the speaker and maintaining eye contact

3 0
3 years ago
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