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3 years ago

As referred to in the NSMIA, the term "covered security" would apply to

Business

1 answer:

koban [17]3 years ago

5 0

Answer:

Correct Answer:

C) I and IV

Explanation:

In stock market, any security equal or senior to one listed on the NYSE is a covered security. Because, it is guaranteed by a Federal law. Municipal bonds are a covered security except in their state of issuance. On the other-hand, Pink Sheet and OTC Bulletin Board securities are not considered covered.

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Orchard Fresh, Inc., purchases apples from local orchards and sorts them into four categories. Grade A are large blemish-free ap

Lostsunrise [7]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1. Allocate the joint cost by using the physical unit method

Particular Allocation of physical unit Allocated joint cost ($)

Grade A $17,850 × 1,890 ÷ 21,000 1606.5

Grade B $17,850 × 5,250 ÷ 21,000 4462.5

Slices $17,850 × 8,400 ÷ 21,000 7,140

Applesauce $17,850 × 5,460 ÷ 21,000 4,641

Total 17,850

Allocated Joint Cost = Total Joint Cost × Pounds Grades ÷ Total Pounds Grades

2. Allocate the joint cost by using multiplying method:-

Average Joint Cost Per Pound is

= Total Joint Cost ÷ Total Pounds Grades

= $17,850 ÷ 21,000

= 0.85

Allocated joint cost = Average Joint Cost Per Pound × Pounds Grades

Particular Allocation of average cost Allocated joint cost

Grade A 0.85 × 1,890 1606.5

Grade B 0.85 × 5,250 4462.5

Slices 0.85 × 8,400 7,140

Applesauce 0.85 × 5,460 4,641

Total 17,850

8 0

3 years ago

A debit balance in the Allowance for Doubtful Accounts A. is the normal balance for that account.B. indicates that actual bad de

charle [14.2K]

Answer: The correct answer is "D".

Explanation: A debit balance in the "Allowance for Doubtful Accounts" indicates that actual bad debt write-offs have exceeded previous provisions for bad debts. So there was an estimating error of "Allowance for Doubtful Accounts".

8 0

3 years ago

Chong Corporation recently prepared a manufacturing cost budget for an output of 50,000 units, as follows: Direct materials $100

KATRIN_1 [288]

Solution and Explanation:

The following table has been made in order to find out the total variance cost that has been incurred and the total cost

Particulars Cost formula based Flexible budget Actual Variance

on 50000 units on the basis of

60000 unit

Direct materials $2 120000 $110000 10000 F

The direct labour $1 60000 60000 0

Variable overhead $1.5 90000 100000 10000 U

Fixed overhead $100000 100000 97000 3000 F

The total cost 370000 367000 3000 F

Where F stands for – favourable and U stands for unfavourable

The total variance cost after the above calculations is = $3000 F

7 0

3 years ago

Donna owns 800 shares of common stock in Macaw Corporation (adjusted basis of $40,000). She receives a 5% stock dividend when th

barxatty [35]

Answer:

The gross income Donna needs to recognize from stock dividend is ZERO.

Donna’s basis for her 840 shares of stock is $47.62.

Explanation:

Assuming that Donna does not have any option to recieve dividend in form of cash, the stock devidend will be non-taxable.

Therefore, The gross income Donna needs to recognize from stock dividend is ZERO.

Adjusted basis per share after dividend

= Adjusted basis of 800 shares/number of shares

= $40,000/840

= $47.62

Therefore, Donna’s basis for her 840 shares of stock is $47.62.

5 0

3 years ago

What is a stock? What is an IPO?

denis-greek [22]

Answer:

Explanation initial public offering is a company's first time offering it's stock for sale to the public and is generally coincides with listening it shares on a public Stock Exchange

6 0

3 years ago