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iogann1982 [59]
4 years ago
7

Which statement is TRUE about insurance coverage on customer brokerage accounts maintained at banks registered solely as municip

al securities dealers
Business
1 answer:
Norma-Jean [14]4 years ago
5 0

Answer: D. No insurance protection is offered on customer municipal accounts maintained at bank broker-dealers

Explanation:

Broker-Dealer are required to register their customers for insurance under the Securities Investor Protection Corporation (SIPC).

Broker-Dealers who however handle only tax-exempt securities such as municipal bonds are not required to be registered under the SIPC.

As this bank handles only municipal securities, they is not required to be registered under the SIPC which means that no insurance protection is offered on customer municipal accounts maintained by them.

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What causes changes from one phase of the business cycle to another?
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If you look it up your question on google your answer will come up and click on the very top link.
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4 years ago
A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what's the correct entry to recor
Fed [463]

Answer:

credit accounts receivable $10,000 (B)

8 0
2 years ago
The total factory overhead for Big Light Company is budgeted for the year at $403,750. Big Light manufactures two different prod
Nataliya [291]

Answer:

a. Total number of budgeted direct labor hours for the year = Direct labor hours for night lights + Direct labor hours for desk lamps

= 30,000*1/2 + 40,000*2

= 15,000 + 80,000

= 95,000 hours

b. Single plant-wide factory overhead rate using direct labor hours = Budgeted factory overhead / Budgeted factory hours

= $403,750 / 95,000 hours

= $4.25 per hour

c. Per unit factory overhead = Number of hours required to complete one unit * Factory overhead rate per hour

<u />

<u>Night light</u>

Per unit factory overhead = 0.5 * 4.25

Per unit factory overhead = $2.125 per unit

<u>Desk lamp</u>

Per unit factory overhead = 2 * 4.25

Per unit factory overhead = $8.50 per unit

5 0
3 years ago
In her spare time, Sharon is the chair for a local nonprofit organization. The project committee is attempting to determine what
maxonik [38]

Answer: (D) Competing

Explanation:

 According to the given question, Sharon is one of the chair-person of a local non-profit organization and usually in her free time she selected the various types of ideas, thoughts and then forced her ideas on the other organizational members.

So, on the basis of the given concept she is using the competing approach to conflict as this type of approach is typically used for making quick decisions for the purpose of resolving various types of problems or issue is an organization. This is also known as the conflicting management style.  

Therefore, Option (D) is correct answer.

3 0
3 years ago
The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net dif
Nina [5.8K]

It is termed as Income Summary account.

<h3>Income summary account </h3>

The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.

The income summary account is recorded by debiting revenue accounts and crediting expense accounts. The balances of the transferred amounts should match with the net income or loss for the year.

Learn more about income summary account here :

brainly.com/question/13537015

#SPJ4

8 0
2 years ago
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