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Liono4ka [1.6K]
3 years ago
9

You are a CFP® designee who has been approached by the general partner of Beverage King Industries (BKI) to provide financial pl

anning services to the top executives at BKI. Your brother has a ten percent limited partnership interest in BKI. Can you accept this engagement?
A. No, because your integrity is impaired.
B. No, because your objectivity is impaired.
C. Yes, but only after proper disclosure.
D. Yes, because your integrity and objectivity are not impaired; no disclosure is needed.
Business
1 answer:
qwelly [4]3 years ago
8 0

Answer:

C.

Explanation:

Yes, but only after proper disclosure.

CFP Board designee are individuals who meet and currently holding certifications of CFR Board. Beverages king Industries (BKI) otherwise refers to a client of CFP designee.

For me to accept to provide financial planning services to the top executives at BKI. There must be proper disclosure of my brother's investment at BKI as this is professional service.

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3 years ago
A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by upper c equals 0.
Fantom [35]

Answer:

The cost per month is increasing at a rate $365.

Explanation:

Differentiation Formula

  • \frac{d}{dx}(x^n)= nx^{n-1}  
  • \frac{d}{dx}(a)=0             [ where a is a constant]
  • \frac{d}{dx}(ax^n)=a \frac{d}{dx}(x^n)= anx^{n-1}

Given that,

A manufacturer of handcrafted wine racks has determined that the cost to produce x units per month is given by

c=0.2x^2+10,000.

Again given that,

the rate of changing production is 13 unit per month

i.e \frac{dx}{dt}=13

To find the cost per month, we need to find out the value \frac{dc}{dt} when production is changing at the rate 13 units per month and the production is 70 units.

c=0.2x^2+10,000

Differentiating with respect to t

\frac{d}{dt}(c)=\frac{d}{dt}(0.2x^2)+\frac{d}{dx}(10,000)

\Rightarrow \frac{dc}{dt}=0.2\frac{d}{dt}(x^2)+\frac{d}{dx}(10,000)

\Rightarrow \frac{dc}{dt}=0.2\times 2x^{2-1}\frac{dx}{dt}+0

\Rightarrow \frac{dc}{dt}=0.4x\frac{dx}{dt}

Plugging \frac{dx}{dt}=13

\Rightarrow \frac{dc}{dt}=0.4x\times 13

\Rightarrow \frac{dc}{dt}=5.2x

\frac{dc}{dt}|_{x=70}=5.2\times 70 [ plugging x=70]

            =364

[ The unit of c is not given. Assume that the unit of c is dollar.]

The cost per month is increasing at a rate $365.

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The following selected transactions were completed by Capers Company during October of the current year:
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Answer:

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Dr Merchandise inventory 13,377

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<span>A rapid increase in the money supply may lead to a "Deflation"

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</span>
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