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4 years ago

The custodial bank (located in the home country of the issuer) of an American Depository Receipt

Business

2 answers:

Goshia [24]4 years ago

5 0

Answer:

The correct answer is option (d)

Explanation:

Solution

From the given question, A custodial bank that is located in the home country of the issuer of an American Depository Receipt is described as follows:

Generally, a custodian is a bank or a financial institution or bank that keeps financial securities such as bonds, stocks, gold etc. basically, custodians are involved in having the custody of shares/securities. They might be some banks who are holding on to this securities.

Mnenie [13.5K]4 years ago

4 0

Answer: c. Performs trading in the U.S. on behalf of the ADR holders

Explanation:

depository receipt are issued to individuals, investors or companies as a symbol of an ordinary shares to global investor, by keeping the shares under the custody of a 'Domestic Custodian Bank'. Domestic Custodian Bank is a bank that’s specialized in and responsible for safeguarding a firm's or individual's financial assets. This assets are usually traded in domestic market or what is known as local market that is only within the USA stock exchange.

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You invest $3,000. You have speculated that you will earn an average of 7% on your initial investment each year. What do you exp

Paraphin [41]

Answer:

$5,100 Dollars

Explanation:

3,000 x .07 = 210

210 x 10 = 2100

3,000 + 2100 = 5100

You will have $5,100 dollars total value in 10 years!

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3 years ago

when all-in-one technology offers its customers a discount for ordering their television, internet, and phone service all with a

Archy [21]

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1 year ago

Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat

ivann1987 [24]

Answer:

Cost per equivalent unit Materials = $ 2.82

Cost per equivalent unit Conversion = $2.65

Explanation:

Richards Corporation

1) We first calculate the fifo equivalent units .

FIFO Equivalent units can be calculated by the following.

Particulars Units % of Completion Equivalent Units

Mat. Con. Costs Materials C. Costs

Transferred out, 366,000 100 100 366,000 366,000

Ending inventory, 39,000 30 15 11700 5850

Total Weighted Equivalent Units 377,700 371,850

Less

Beginning Inventory: 98,000, 80% 20% 78,400 18000

FIFO Equivalent Units 299,300 353,850

2) We calculate the total costs

Direct Materials Conversion

Costs in beginning Work in Process -$55,200 $97,700

Costs incurred in October - $844,050 $937,300. 

Total Cost $ 899250 1035,000

3) In FIFO The cost per unit is based only on the current costs and current period unit productions.

Materials = $844050/299300= $2.82

Conversion = 937,300 / 353,850 = 2.6488= $2.65

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3 years ago

Au Sable Corporation reported taxable income of $800,000 in 20X3 and paid federal income taxes of $272,000. Not included in the

podryga [215]

Answer:

The corporation's current earnings and profits for 20X3 would be $603,000

Explanation:

The computation of the current earnings and profits are shown below:

= Taxable income - federal income taxes - disallowed penalty + insurance proceeds

= $800,000 - $272,000 - $25,000 + $100,000

= $603,000

The federal income tax refund would not be considered in the computation part. Hence, it is ignored.

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3 years ago

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Ulleksa [173]

I believe marketing research

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3 years ago