Answer:
The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.
Explanation:
In the given case, we know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:
Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.
As this is beneficial to the both the branch manager and the customer.
<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Protect businesses' freedom to buy and sell products
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Answer:
$698,495
Explanation:
Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond.
As per given data:
Face Value = $1,000,000
Coupon Payment = $1,000,000 x 3% x 6/12 = $15,000 semiannually
YTM = 11.00% annually = 5.50% semiannually
Numbers of period = 5 years x 2 = 10 periods
Formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Placing values in the formula
Price of the Bond = 15,000 x [ ( 1 - ( 1 + 5.5% )^-10 ) / 5.5% ] + [ $1,000,000 / ( 1 + 5.5% )^10 ] = $113,064 + $585,431 = $698,495
Answer:
See the attached for the answer and further explanation.
Explanation:
Petty cash fund is a fund set side to small and unimportant expenses to reduce costs and inconvenience of having to record and write check for them all the time.
Note: See the attached for the answer and further explanation.
