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WINSTONCH [101]
3 years ago
5

Although you were not fortunate enough to get Chipper's Golf Resort stock [ticker symbol: CHPR] as an IPO, you are still thinkin

g about trying to add some to your portfolio. Last week when you mentioned it to your broker, he said that there are plenty of shares trading on ____________, but, he wanted to send you the company's financial disclosures provided in the ______ before you finalize your decision.
A.the secondary market; prospectus
B. the NASDAQ; regulatory agreement
C. the OTC; regulatory agreement
D. the primary market; prospectus
Business
1 answer:
Sever21 [200]3 years ago
5 0

Answer:

The answer is: A) the secondary market; prospectus

Explanation:

Secondary market refers to the stock exchange where investors buy and sell securities that they already possess. The secondary market is what most people think about when they refer to a stock market. A primary market only sells stocks that are being issued for the first time, like an IPO.

The prospectus of a company is a legal document provided by public companies or mutual funds that include information about the company's strategies, financial statements and top management's background.

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3 years ago
On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest e
Yanka [14]

Answer:

d. $1,200

Explanation:

The computation of the interest expense is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $80,000× 6% × (90 days ÷ 360 days)

= $1,200

We simply apply the simple interest formula

Since the number of days and the total number of days are given so we considered the same for the computation part.

4 0
3 years ago
A company invested​ $45,000 in Yale Co. stock. The investment represented​ 5% of the voting stock of Yale Co. If the Yale Co. st
hjlf

Answer:

the dividend revenue account is credited

Explanation:

As we know that the dividend is the company profit that is divisible and the same is to be issued to the shareholder with respective to the number of shares purchased

In the case when Yale Co. paid the dividend so here the dividend revenue account is credited in the case when the company received the dividend

Hence, the dividend revenue account is credited

3 0
2 years ago
Original car dealership getting ready mass marketing TV advertisements emphasizing a tight end luxury vehicles the region this c
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6 0
2 years ago
Imrie Corporation makes a product that uses a material with the quantity standard of 9.5 grams perunit of output and the price s
SashulF [63]

Answer:

Option (B) is correct.

Explanation:

Given that,

Standard Price = $5

Direct material (Actual Price) = $4.9

Actual Quantity Purchased = 28,900  

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= ($5 - $4.9) × 28,900

= $2,890 (Favorable)

Therefore, the materials price variance for January is $2,890 Favorable.

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