All categories

3 years ago

How to take control of the securities contained in minor account?

1 answer:

5 0

<span>The minor account is linked with the custodian account that is under the minor parent's or guardian's primary account. Security registered in the minor's account with the name of SSN of the minor in the format of either with sole owner, or primary owner with beneficiary or primary with secondary owner etc. So minor directly can't permit purchase securities. The custodian must conduct all the transactions behalf of minor and the custodian can purchase securities behalf of the minor.</span>

You might be interested in

Firms may invest in fewer projects as a result of A. an increase in interest rates that increase economic growth. B. an increase

kupik [55]

Answer: B. an increase in interest rates that decrease economic growth.

Explanation:

If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.

Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.

7 0

3 years ago

1. A = GDP deflator or the CPI for the United States

tatuchka [14]

Answer:CPI, GDP Deflator

Explanation:CPI(consumer price index) is a macroeconomic measure used to determine the level of inflation in countries like the United States of America.

GDP Deflator is also a macroeconomic measure that measures the price level of all the new products produced domestically within a country in a specified year or period.

Both GDP DEFLATOR AND CPI ARE VERY USEFUL IN DETERMINING THE PERFORMANCE OF AN ECONOMY AS GDP DEFLATOR MEASURES DEFLATION,CPI MEASURES PRICE INFLATION IN A SPECIFIC OR BASE YEAR UNDER REVIEW.

3 0

3 years ago

At September 1, 2022, Coronado Industries reported Retained Earnings of $397620. During the month, Coronado generated revenues o

Angelina_Jolie [31]

Answer:

Closing retained earning is $414,540

Explanation:

The Retained Earnings figure can be calculated using the following equation:

Closing Retained Earnings = Opening Retained Earnings + (Sales - Expenses - Dividends)

Here

Opening balance of Retained Earning is $397,620

Revenues is $56,400

Expenses are $33,840

Dividends paid are $5,640

The purchased equipment is not considered here because it is increase in asset not an increase or decrease in revenue or expenses. So it is not considered here.

So by putting values, we have:

Closing Retained Earnings = $397,620 + ($56,400 - $33,840 - $5,640)

Closing Retained Earnings = $414,540

8 0

3 years ago

He idea underlying maslow's hierarchy of needs is that the needs at the top of the pyramid must be satisfied before one can conc

lana66690 [7]

True i hope this helps you

7 0

3 years ago

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its f

tigry1 [53]

The total net position for Village of Seaside Pines is $10000.

The closing entries for December 31st be:

Debit Charge for Sales and services $550000

Debit Transfer in from General Fund $115000

Debit Non operating revenues $4000

Credit Cost of sales and services $492000

Credit Depreciation expense $45000

Credit Administrative and selling expense $47000

Credit Non operating expense $40000

Credit Net position $45000

The Net Position section of the December 31 balance sheet will be prepared thus:

Capital asset acquired = $705000

Less: Accumulated depreciation = $45000

Less: Revenue bonds = $625000

Net investment in capital = $35000

Therefore, the total net position will be:

= $45000 - $35000

= $10000

Read related link on:

brainly.com/question/25221634

6 0

3 years ago