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4 years ago

To protect consumers, the SEC requires brokers and dealers to information about securities. True or False

2 answers:

4 0

Answer;
The above statement is true;

To protect consumers, the SEC requires brokers and dealers to reveal information about securities.

Explanation;
The objective of the SEC (securities and Exchange Commission) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. they also protect consumers by requiring brokers and dealers to reveal information about securities.

irina [24]4 years ago

4 0

That statement is true. In order to protect customers, sec requires brokers and dealers information about securities.
This will prevent any potential fraud that happen during the transaction and track the culprit if a fraud happened in the future

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: a cell phone company has decided to have an independent human resources company perform its human resources functions. this ar

lapo4ka [179]

The cell phone company is participating in strategic outsourcing. When a business uses strategic outsourcing they are outsourcing a part of their company operations to another company. By doing this, they are able to focus more on their core company goals and let another company handle the outside work of making it happen.

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3 years ago

Suppose that government purchases rise by $100 billion and together consumption and investment decline by a total of $80 billion

andrew11 [14]

Answer:

a) complete crowding out.

Explanation:

This is an example of crowding out effect, when government increases it's involvement in a market, such that it reduces private sector investment, it is called crowding out

7 0

3 years ago

Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded

KengaRu [80]

Journal entries

Dr Allowance for uncollectible account $41,000

Cr Account Receivable $41,000

Dr Account receivable $3,600

Cr Allowance for uncollectible account $3,600

Dr Cash $3,600

Cr Account receivable $3,600

7 0

3 years ago

Match each of the fees below with the situations where a credit card

sammy [17]

Answer:

Annual fee - You pay $75 for the privilege of using your card for one year.

Late payment fee - You don't have the money to make your minimum payment one month.

Balance transfer fee - You pay what you owe on one credit card using your new credit card.

Cash advance fee - You take out $400 from an ATM using your credit card.

Explanation:

An annual fee is a common fee that every bank charges for the maintenance of your bank account with all cards attached to it.

A late payment fee is a punishment fee when you do not manage to pay the minimum payment of a borrowed amount during one month.

A balance transfer fee is when you transfer the debt from one credit card to another credit card.

A cash advance fee is the fee paid for withdrawing cash from the ATM that is not from your checking account. It is paid when you take the cash that is within your credit limit.

6 0

4 years ago

Read 2 more answers

Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory 26 units at

Mila [183]

Answer:

a. $26,400

b. $20,520

c. $24,140.64

Explanation:

a. The computation of inventory cost by the first-in, first-out method is shown below:-

Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase

= 48 × $550

= $26,400

b. The computation of inventory cost by the last-in, first-out method is shown below:-

Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit

= (26 × $400) + (48 - 26) × $460

= $10,400 + $10,120

= $20,520

c. The computation of inventory cost by the average cost method is shown below:-

Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)

= $10,400 + $26,220 + $33,480 + $33,000

= $103,100

Per unit cost = Inventory cost ÷ Total number of units

= $103,100 ÷ (26 + 57 + 62 + 60)

= $103,100 ÷ 205

= $502.93

Inventory cost under average cost method = Per unit cost × Number of units

= 48 × $502.93

= $24,140.64

Therefore we have applied the formulas.

4 0

3 years ago