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PSYCHO15rus [73]
3 years ago
11

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

Business
2 answers:
Goshia [24]3 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]3 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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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $167,705 Total Liabilities $69,461
Andrews [41]

The common stock next year would be $32546

The total assets (current) =  $167,705

Total assets (next year) = $167,705 +  $55,000 = $222705

The total liabilities (current)=  $69,461

The total liabilities (next year)=  $69,461

The total retained earnings (current) = $88,498

The total retained earnings (next year) = $88,498 + 44,200 - $12000 = $120698

<u>Common stock (current)</u>

=  $167,705 - $69,461-$88,498

= $9746

<u>Common stock (next year)</u>

= $222705 - $69,461 - $120698

= $32546

The common stock next year would be $32546

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2 years ago
What is one advantage of starting to invest as early as possible?
Romashka-Z-Leto [24]

Answer:

D: Your money has more time to grow.

Explanation:

If you use process of elimination your age doesn't matter on discounts or rates. If you invest when you're younger you have more time to learn about what you're investing in and more time for your money to grow.

8 0
3 years ago
Joan sells new cars at a local dealership. she receives 15% commission on profit each car is sold for . last week she sold 9 car
Serggg [28]

Calculation of Commission earned:


We are given that Joan sells new cars at a local dealership and she receives a 15% commission on profit.

So we can say that :

Commission earned = 15% * Total profit  

Last week she sold 9 cars for the total of $10,870 dealer profit

Hence Commission earned shall be calculated as follows:

Commission earned = 15% * Total profit  


Commission earned = 15% * 10870 = $1,630.50


Hence, the Commission earned by Joan is <u>$1,630.50</u>



3 0
2 years ago
What is a Limited Purpose credit card?
victus00 [196]
The answer is a hope this help u
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3 years ago
All of the following statements are correct when referring to process costing except:Multiple ChoiceCosts are accumulated by dep
mr_godi [17]

Answer:

Process costing would be appropriate for a jeweler who makes custom jewelry to order.

Explanation:

Product costing is defined as the process by which the best costing method is chosen to suit a particular product.

There are three main types: process costing, specific order costing, and service costing.

Process costing is a method that determines the cost incurred at each stage of production. It is best used for processes that are repetitive such as manufacturing plants.

However a jeweler who makes custom jewelry to order will most appropriately be served by a specific order costing.

This involves costing according to distinct jobs or contracts.

There is no specific or repetitive process, rather the job is usually carried out according to specific needs of a customer.

6 0
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