Liabilities are items owed to a creditor. Assets are items owned by a company. Stockholders' equity represents owners' claims to company resources.
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When Bob Newsome purchased 250 shares at a price of $20 per unit, and commission was charged for $250, then the total load charged by the fund will be 5%.
<h3>What is the significance of load?</h3>
A load can be referred to or considered as a charge or fees taken by a fund house in order to pruchase shares on behalf of an individual or an organization. It is expressed in percentage.
For the condition given above, it can be ascertained that $250 commission was charged for a purchase value of $5,000 worth of shares. So, the load being charged will be 250 / 5000 x 100, or 5%.
Therefore, the significance regarding load has been aforementioned.
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The viability and relevance of insurance products usually cater the preference of the insurance buyer.
For example, some buyer want to make sure that they have a safe retirement so they tend to lean towards good individual retirement policy.
Some buyer want to make sure that his/her family is taken care of if something happens to them, so they tend to seek the product with highest life coverance, etc.
Answer:
E) Create confidential systems for fraud reporting within a publicly traded company
Explanation:
The Sarbanes-Oxley Act was created to Crack directly down corporate fraud. The Act strengthens the independence and financial literacy of corporate boards and it establishes financial regulations for public companies
Answer:
Unearned Revenue Balance $10530
Service revenue Balance $11370
Explanation:
given data
time = 6 month
Completed services paid = $1,070
Service Revenue unadjusted = $10,300
Unearned Revenue balance = $11,600
solution
Unearned Revenue
31-Dec $11,600
31-Dec $1070
Balance $11,600 - $1070
Balance $10530
and
Service revenue
31-Dec $10,300
31-Dec $1070
balance $10,300 + $1070
Balance $11370
