Answer:
Letter c is correct. <em>Primacy effect.</em>
Explanation:
The primacy effect is a phenomenon that describes about the preference that humans have over a first choice, that is, individuals generally have a preference for the first data they receive about something, than the next data. This effect is compared to the first impression, which is the initial perceptions we get from meeting someone that are difficult to change even over time.
A good strategy for salespeople is to bring their highest performing product on the first visit, to have a positive effect on customer expectations and encourage sales.
Under the <u>Uniform Securities Act</u>, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is: <u>$500, 6 months or more in advance of rendering services.</u>
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If an advisor either physically possesses or has the legal right to take possession of money or securities belonging to its clients, then it has custody. The term "custody" has been expanded by the rule's revisions to cover situations in which an adviser's related person holds custody of client assets in conjunction with the adviser's advisory services. If an investment adviser's connected broker-dealer holds client assets as a qualified custodian in conjunction with advising services, the investment adviser would be deemed to have custody of those assets.
Consultants may be considered to have taken ownership of customer funds as defined by NASAA when a nationally registered investment manager acknowledges $500 (or more) in advanced consulting fees, 6 months prior to the anticipation of performing services. While the Advisers (Investment) Act of 1940 did not apply to government-registered advisors, it is worth noting that it may have set the maximum at $1,200 among Federal Covered advisors.
To know more about State-registered adviser refer to:
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I think the answer is true because it is the total value of produced and services provide in a given year
Answer:
Sell Machine A and distribute cash to one of the shareholders.
Distribute Machine B to the other shareholder because there is no gain on the distribution and no deductible loss
Machine C can then be retained
Explanation:
If Machine A is distributed, it will result in a non-deductible loss of $ 7,000 ( 27,000- 20,000). Hence, to preserve the loss which will help to reduce tax base, the company should consider selling it and give the cash generated on it to one of the shareholders.
If Machine B is distributed, it will yield neither gain nor loss. Since it doesn't have any tax implication whether distributed or sold, the company should consider given it to the other shareholder.
As for Machine C, this should be retained, because Raven will have to pay tax on the assumed gain if it is distributed.
