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son4ous [18]
3 years ago
12

A member firm must begin deducting from net capital a short securities difference which is unresolved for more than:__________

Business
1 answer:
andreev551 [17]3 years ago
6 0

Answer:

seven days.

Explanation:

Securities and Exchange Commission Form X-17A-5 Part II specifically states that brokers or dealers must deduct any differences resulting from aged short securities:

<em>"Deduct the market value of all short securities differences unresolved for 7 business days after discovery and the market value  of any long security differences where such securities have been sold by the broker or dealer until they are adequately resolved,  less any reserves established therefor." </em>

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Answer:

The correct answer is (b)

Explanation:

Socioeconomic cultural is one of the important factors that can help a business to grow and expand. Changes in socioeconomic environment can positively and negatively affects the sales. In this case of Fabtabix, the socioeconomic change has positively affected their business that is why it is growing over the past few years. Fashion conscious is a sociocultural component.

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3 years ago
On May 31, 2010 Amex Corporation acquired all of 10,000 shares of Luck’s outstanding common stock by paying Br 400,000 cash and
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4 0
2 years ago
Which of the following statements about cash equivalents is FALSE?
jonny [76]

Answer:

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2 years ago
Chemical manufacturer DuPont has approximately $0.68 in assets for every dollar in sales. According to asset intensity, for ever
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It is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.

<h3>What is asset intensity?</h3>

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The asset intensity ratio is obtained by dividing the total assets by sales.

Thus, it is True, based on asset intensity, that for every $100 increase in sales, Chemical manufacturer DuPont would need about $100 in additional assets.

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6 0
2 years ago
Assume Simple Co. had credit sales of $249,000 and cost of goods sold of $149,000 for the period. Simple uses the percentage of
ella [17]

Answer:

$5,220

Explanation:

The computation of the bad debt expense for the period end adjustment is shown below:

= Allowance of bad debts + credit balance of  Allowance for Doubtful Accounts

where,

Allowance of bad debts = 2% × $249,000 = $4,980

And, the credit balance of  Allowance for Doubtful Accounts is $240

Now put these values to the above formula  

So, the value would equal to

= $4,980 + $240

= $5,220

The journal entry is shown below:

Bad debt expense A/c Dr $5,220

   To Allowance for Doubtful Accounts $5,220

(Being bad debt is recorded)

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3 years ago
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