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LuckyWell [14K]
3 years ago
13

A customer with no other mutual fund investments wishes to invest $47,000 in the XYZ Technology Fund. If the Class A shares are

eligible for a breakpoint sales charge discount at the $50,000 investment level, the action least appropriate for an agent is to:A) inform the customer that he can reduce his sales charge through a letter of intent.
B) inform the customer that he can reduce his sales charge by investing an additional $3,000.
C) inform the customer that he can reduce his sales charge by combining purchases in other funds offered by XYZ group.
D) place the order as instructed.
Business
1 answer:
77julia77 [94]3 years ago
3 0

Answer:

The correct answer is (D)

Explanation:

If a customer wants to invest the agent must place the order as instructed. The agent must give all the information to the customers regarding the break-even discount.  The complete information should include the ways through which the customer can earn the break-even discount. The agent should place the order and tell every opening and aspect of invest to the customer.

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Assume that Luxland and Leanderland specialize and trade in a way that is advantageous for bothof them. Explain what will happen
katen-ka-za [31]

Question Completion:

Production outputs

                    Luxland    Leanderland

Chips                10                4

Pretzels            10                8

Total output    20               12

Answer:

Assuming that Luxland and Leanderland specialize and trade in a way that is advantageous for both of them, the number of pretzels that Leanderland can produce will be 16.

Explanation:

a) Data and Calculations:

Specialization Output:

                    Luxland    Leanderland

Chips                20                0

Pretzels              0                16

Total output     20                16

b) While it is acknowledged that Luxland has absolute advantage in the production of both chips and pretzels when compared to Leanderland, the total output for both economies, without specialization, remains 32 units (of both chips and pretzels).  When they specialize, Leanderland's output increases to 16 units from 12.  This results in total output of 36 units instead of 32 for both economies.

8 0
2 years ago
Pursuant to plan of reorganization adopted in the curren year, newman corporation exchanged property with an adjusted basis of 8
Alenkinab [10]

Answer:

Explanation:

Victor's recognized gain equals to zero, because this exchange qualifies under Sec. 368 as a tax-free reorganization.

4 0
2 years ago
LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620
Gnom [1K]

Answer:

LeCompte Corp.

The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:

A) 7.57%.

Explanation:

a) Data and Calculations:

Assets = $312,900

Common Equity = Assets = $312,900

Sales for the last year = $620,000

Net income after taxes = $24,655

Expected return on equity (ROE) = 15%

ROE (in amount) =  $312,900 * 15% = $46,935

Profit margin = Returns on Equity/ Sales * 100

= $46,935/$620,000 * 100

= 7.57%

b) The expected returns on equity in dollars is equal to the net income.  Therefore, we can use the ROE to calculate the profit margin.  The profit margin expresses the relationship between sales and profit.  It shows the profit made from each dollar sales.

4 0
2 years ago
Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou
jeka57 [31]
The best saving account that Anthony should take is letter D, daily compounding. Daily compounding could provide him the best rate of return to his interest and this could provide him the interest that he deserves every time he deposits money on his bank account. This could not only be best in returning his interest but it could also provide the interest he deserves.
6 0
3 years ago
Cadillac is preparing to build a new assembly plant in the United States. Although it would be slightly cheaper to build cars in
il63 [147K]

Answer:

A

Explanation:

Cadillac is responding to one of the geographic demographic trends in the United States, which has been migration into the Sun Belt. Building a plant in Louisiana, which is in the Sun Belt, would greatly reduce transportation cost, compared to a plant in Michigan.

4 0
2 years ago
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