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3 years ago

Specialists on stock exchanges perform the following functions:________

Business

1 answer:

Elodia [21]3 years ago

8 0

Answer:

E) a and c.

Explanation:

Note that those who are referred to specialists are also called professional stock traders. In a way, they act as dealers in their own account by representing themselves in their market trades since they could also act as brokers for their clients.

They provide liquidity to the market by generating funds into the pool of transactions in the exchange market

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In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15

LuckyWell [14K]

Answer:

$500

Explanation:

Based on the information given we were told that the DIVIDEND of the amount of $500 which was declared on the stock was paid to Dora's granddaughter Several months later, which means that the amount that Dora's granddaughter must include in her GROSS INCOME for the current year will be the dividend amount of $500 that was paid to Dora's granddaughter.

Therefore the amount that Dora's granddaughter must include in her gross income for the current year is $500

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2 years ago

a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to es

solniwko [45]

Based on the information give the estimated balance of the allowance for doubtful accounts is $25,650.

a. Estimated allowance for doubtful accounts

Estimated allowance for doubtful accounts =$570,000×4.5%

Estimated allowance for doubtful accounts =$25,650

b. Adjusting journal entry

Dec 31

Debit Bad debt expense $13,650

($25,650-$12,000)

Credit Allowance for doubtful accounts $13,650

(To record bad debts expense)

c. Adjusting journal entry

Dec 31

Debit Bad debt expense $26,650

($25,650+$1,000)

Credit Allowance for doubtful accounts $26,650

(To record bad debts expense )

Learn more here:brainly.com/question/15394488

7 0

2 years ago

Describe Philosophy of Postmodernism and analyze their key features

Dennis_Churaev [7]

Explanation:

Postmodernism, also spelled post-modernism, in Western philosophy, a late 20th-century movement characterized by broad skepticism, subjectivism, or relativism; a general suspicion of reason; and an acute sensitivity to the role of ideology in asserting and maintaining political and economic power.

Its main characteristics include anti-authoritarianism, or refusal to recognize the authority of any single style or definition of what art should be; and the collapsing of the distinction between high culture and mass or popular culture, and between art and everyday life.

5 0

2 years ago

Accurate Builders construction company was incorporated by John Davis. Assume the following activities occurred during the year:

AfilCa [17]

Answer:

1. For each of the preceding transactions, record the effects of the transaction in the appropriate T-accounts.

The truck purchased for personal use is not part of the corporation's assets, therefore it should not be included. The rest of the T accounts are:

Cash Common stock

Debit Credit Debit Credit

60000 300

9000

2500

12000

36500

APIC - Common stock Land

Debit Credit Debit Credit

94700 35000

Equipment Notes payable

Debit Credit Debit Credit

36000 27000

12000

15000

Notes receivable

Debit Credit

2500

2. Using the balances in the T-accounts, fill in the following amounts for the accounting equation:

assets = liabilities + equity

cash $36,500

c.s. $500

a.p.i.c. $94,700

land $35,000

equip. $36,000

notes p. $15,000

notes r. $2,500

assets = liabilities + equity

$110,000 = $15,000 + $95,000

3. Compute the market value per share of the stock.

Since the company doesn't have any revenues yet, we can only calculate the book value of the stocks = equity / total shares outstanding = $95,000 / 3,000 stocks = $31.67

6 0

3 years ago

Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. Ho

ladessa [460]

Answer:

Pounds of raisins = 8.78 pounds

Pounds of nuts = 1.22 pounds

Explanation:

Let X equal pounds of raisins

Let (10-X) equal pounds of nuts

Multiply by the costs for each and set it all equal to 10 pounds at $4/pound

$3.45X + $7.95(10-x) = 10 pounds *$4/pound

$3.45X + 79.50 - 7.95x = $40

Now simplify the x variables on the left and subtract the dollar amount from the right:

3.45x-7.95x = 40-79.50

-4.5x= -39.50

Divide by negative 4.5 to solve for x

x= 8.78 (rounded)

Remember that x= amount of raisins and (10-x)= pounds of nuts

Pounds of raisins = 8.78 pounds

Pounds of nuts = (10-8.78) = 1.22 pounds

Notice that 8.78+1.22 = 10 pounds, so it all checks out!

3 0

3 years ago

Read 2 more answers