Answer:
a. cannot be purchased through the IPO.
Explanation:
The Financial Industry Regulatory Authority (FINRA) does not allow purchase of IPO stock by insiders.
It states that no FINRA member firm should sell IPO shares to an account where a restricted person has an interest.
Restricted persons are defined as anyone that is employed by a broker or their immediate family.
So the spouse of the registered representative cannot be given an allocation in the IPO share sale.
Answer:
Some costs have been incurred already, and therefore do not change across alternatives in some current or future decision.
Explanation:
Sunk costs are <u>costs that have already been incurred by a business and cannot be recovered</u>. For this reason, they are irrelevant to current and future business decisions.
For example, an organization purchases a piece of equipment for $10,000 and discovers that additional parts need to be purchased for $1,000. The $10,000 is a sunk cost because it cannot be recovered.
Answer:
A person in school with more authority than teachers
Explanation:
Principal = A person above teachers in school
Principle = An important rule or moral
Answer:
The billing function should be assigned to persons other than those responsible for maintaining accounts receivable subsidiary records.
Explanation:
The first choice it's considered an effective Internal control procedure for accounts receivable.
This is because it is not safe that the person who prepares the billing is the same who record cash receipts or any other document over the account receivables.
This is what we call Segregation of Duties and this is an internal control determined to avoid fraud or error.
