1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
2 years ago
12

Securities issued by all of the following organizations are exempt from the registration requirements of the 1933 Securities Act

except: A. Banks. B. Not-for-profit organizations. C. State and local governments. D. Investment companies.
Business
1 answer:
ss7ja [257]2 years ago
3 0

Answer:

C. State and local governments

Explanation:

Securities are commercial debts or equity instruments sold to investors in the financial markets. Public-listed corporations or the government may issue securities as a way of raising capital.  The Securities Act of 1933 requires securities registered with the SEC and abide by the other provisions in the act, such as full disclosure of financial information.

However, not all securities issued must be registered with the SEC.  Exemptions are granted to certain types of securities. Financial instruments issued by or having government backing are considered to have the exception status.

You might be interested in
Rowland & Sons Air Transport Service, Inc., has been in operation for three years. The following transactions occurred in Fe
bixtya [17]

Answer:

Journal entries

Feb 01

Rent Expense                                           Debit               $ 200

Cash                                                          Credit                                   $ 200

Record payment of hanger rent for Feb

Feb 04

Cash                                                          Debit              $ 800

Unearned Revenue                                  Credit                                  $ 800

Recording of cash received in advance

Feb 7

Cash                                                           Debit             $ 900

Service Revenue                                       Credit                                $ 900

To record service revenue received in cash

Feb 10

Salaries and wages                                  Debit           $ 1,200

Cash                                                          Credit                                $ 1,200

To record salaries paid for services received in February

Feb 14

Advertisement expenses                         Debit          $    100

Cash                                                          Credit                               $    100

To record payment of advertisement expenses

Feb 18

Cash                                                          Debit            $ 500

Accounts Receivables                              Debit         $ 1,200

Service Revenue                                       Credit                             $ 1,700

To record services provided on cash and on credit

Feb 25

Supplies Inventory                                   Debit           $ 1,350

Accounts Payable                                    Credit                              $ 1,350

Recording of purchase of supplies for future use on credit

The preliminary net income for February is $ 1,100

The net profit margin is  42.3 %

Explanation:

Computation of net income and net profit margin

Revenues   ( $   900 + $ 1,700 )                                                     $ 2,600    

Expenses ($ 200 + $ 1,200 + $ 100 )                                             <u>$ 1,500</u>

Net Income                                                                                      $ 1,100    

Net profit margin = Net income / Revenues

Net Profit margin   = $ 1,100/ $ 2,600 =                                          42.3 %  

The other entries for collections made on Feb 04 for services to be performed next month and the purchase of supplies to be used in the future are not to be considered in revenues and expenses as they do not pertain to the current month                                                                                                                  

5 0
3 years ago
Which of the
Over [174]

Answer:

B...................................

7 0
1 year ago
Read 2 more answers
The process of joint decision making in which employees share a high degree of decision-making power with their superiors is cal
iVinArrow [24]

Answer:

The process of joint decision making in which employees share a high degree of decision-making power with their superiors is called Participative Management

5 0
2 years ago
Pina Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each emplo
Andrew [12]

Answer:

2019

Dr Salaries and wages expense 9,680

Cr Salaries and wages payable 9,680

Dr Salaries and wages expense 6,160

Cr Salaries and wages payable 6,160

Dr Salaries and Wages Payable 3,520

Cr Cash 3,520

2020

Dr Salaries and wages expense 10,560

Cr Salaries and wages payable 10,560

Dr Salaries and wages expense 6,720

Cr Salaries and wages payable 6,720

Dr Salaries and wages expense

800

Dr Salaries and wages payable 8,800

Cr Cash 9,600

Dr Salaries and Wages Expense 240

Dr Salaries and Wages Payable 5,520

Cr Cash 5,760

B. 2019 $10,410

2020 $12,175

Explanation:

(a) Preparation of journal entries to record transactions related to compensated absences during 2019 and 2020

2019

Dr Salaries and wages expense 9,680

Cr Salaries and wages payable 9,680

(10 employees * $11.00/hr. * 8 hrs./day * 11 days)

(Being to record accrue expense and liability for vacation)

Dr Salaries and wages expense 6,160

(10 employees * $11.00/hr. * 8 hrs./day * 7days)

Cr Salaries and wages payable 6,160

(Being to record accrue expense and liability for sick pay)

Dr Salaries and Wages Payable 3,520

Cr Cash 3,520

(10 employees * $11.00/hr. * 8 hrs./day*4 days)

2020

Dr Salaries and wages expense 10,560

(10 employees * $12/.00/hr. * 8 hrs./day * 11 days)

Cr Salaries and wages payable 10,560

(Being to accrue expense and liability for vacation)

Dr Salaries and wages expense 6,720

Cr Salaries and wages payable 6,720

(10 employees * $12.00/hr. * 8 hrs./day * 7 days)

(Being to record accrue expense and liability for sick pay)

Dr Salaries and wages expense

800

(9,600-800)

Dr Salaries and wages payable 8,800

(10 employees * $11.00/hr. X 8 hrs./day *10days)

Cr Cash 9,600

(10 employees * $12.00/hr. * 8 hrs./day X 10days)

(Being to record vacation time period))

Dr Salaries and Wages Expense 240

(10 employees * ($11-12) /hr. * 8 hrs./day * (7-4) last yr)

Dr Salaries and Wages Payable 5,520

(10 employees * $11.00/hr. * 8 hrs./day * (7-4) days) + (10 employees * $12.00/hr. * 8 hrs./day *(6-3) days)

=(2,640+2,880=5520)

Cr Cash 5,760

(10 employees * $12.00/hr. * 8 hrs./day * 6 days)

(Being to record sick leave paid)

B) Computation for the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019, and 2020

1. December 31, 2019

10 employees * $11.83/hr. * 8 hrs./day * 11 days =$10,410

2. December 31, 2020

10 employees * $11.83/hr. * 8 hrs./day * 1 day =$946

Add: 10 employees * $12.76/hr. * 8 hrs./day * 11 days = 11,229

Total $12,175

($11,229+$946)

Therefore the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2019 will be $10,410 and 2020 will be $12,175

5 0
3 years ago
1) You are considering purchasing a 20 year bond from Saudi Arabia. You have a required return
inessss [21]

Answer:

$812.20

Explanation:

Given the following bond characteristic:

Coupon rate = 12%

Market or yield rate = 15%

Years to maturity = 20 years

Face or par value = $1000

Inputting the values into a bond value calculator, the bond value output is : $812.20

This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.

6 0
3 years ago
Other questions:
  • Technician A says that many oil pumps are driven directly off the front of the crankshaft. Technician B says that others are dri
    6·1 answer
  • Services had net income for the month of October of $ 23 comma 040. Assets as of the beginning and end of the month totaled $ 36
    12·1 answer
  • In a manufacturing company, the cost of factory labor consists of all of the following except __________.a. net earnings of fact
    8·1 answer
  • The emphasis in marketing is on the identification and satisfaction of:
    8·1 answer
  • Scarcity implies that a customer wants things from a business A. many B. few C. specific D. quality​
    13·1 answer
  • Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a col
    10·1 answer
  • Indicate whether each of the following accounts represents an asset, liability, or owner's equity: (a) Accounts Payable (b) Wage
    10·1 answer
  • Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1)
    14·1 answer
  • Nano electronics company produces two products, resistors and transistors in a small manufacturing plant which had total manufac
    12·1 answer
  • If you find a strategic partner or contact friends to test out your new idea, you are using the ______ method.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!