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4 years ago

The term agent, according to the Uniform Securities Act, would include all of the following people EXCEPT

Business

1 answer:

Charra [1.4K]4 years ago

8 0

Answer:

D. one who represents an issuing body in effecting transactions that are exempt

Explanation:

An agent, represents a broker-dealer or issuer and do all duties stated in the options A, B, and C.

But, as stated in the Uniform Securities Act of 1956, Part IV. General Provisions, Sec. 401.b, Definition, illustrating the different functions of the people as mentioned in the Act, "an Agent does not include an individual who represents an issuer in effecting transactions in a security exempted."

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Hitzu Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2015, for $9,000 cash. Hitzu u

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Answer:

1. How much warranty expense does the company report in 2015 for this copier?

$360

2. How much is the estimated warranty liability for this copier as of December 31, 2015?

$360

3. How much warranty expense does the company report in 2016 for this copier?

4. How much is the estimated warranty liability for this copier as of December 31, 2016?

$229

5a. Record the sale of a copier for $9,000 cash.

Dr Cash 9,000

Cr Sales revenue 9,000

5b. Record the cost of goods sold of $4,500.

Dr Cost of goods sold 4,500

Cr Inventory - merchandise 4,500

5c. Record the estimated warranty expense at 4% of the sales.

Dr Warranty expense 360

Cr Warranty liability 360

5d. Record the cost of $131 towards repair of copier on November 22, 2016.

Dr Warranty liability 131

Cr Inventory - repair parts 131

7 0

4 years ago

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The

Rus_ich [418]

Answer:

Direct material quantity variance= $840 unfavorable

Explanation:

Giving the following information:

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.

The company used 630 pounds of direct materials to make the 7,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (600 - 630)*28

Direct material quantity variance= $840 unfavorable

3 0

3 years ago

In the context of organizational behavior, _____ stressed the value of participative management. henri fayol peter drucker adam

Ray Of Light [21]

Henri Fayol stressed the value of participative management<span>. Henri Fayol's administration hypothesis is a straightforward model of how administration communicates with the work force. Fayol's administration hypothesis covers ideas extensively, so any business can apply his hypothesis of administration. Today the business group considers Fayol's established administration hypothesis as a significant manual for profitably overseeing staff.

</span>

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3 years ago

A firm has fixed operating costs of $253,750, a sales price per unit of $100, and a variable cost per unit of $65. The firm's op

Talja [164]

Answer:

$725000

Explanation:

The break-even point is the point at which the firms total expenses is equal to its total revenue and it neither makes a profit nor a loss. At any point before this, the firm makes a loss and at any point after this, the firm is making a profit. This is because, it has got to a point where after the unit variable costs are covered from the revenue, there is enough to cover fixed costs as well because the firm’s fixed costs are now being spread over a greater number of units.

The break-even point is calculated as:

Fixed costs / (Selling price per unit - variable cost per unit)

Hence, in this case : $253750 / ($100 - $65) = 7250 units.

In dollars, this would be...

Revenue : 7250 x $100 = $725000

Expenses : $253750 + ($65 x 7250) = $725000

7 0

3 years ago

On September 1, Jenkins Company purchased $2,520 of supplies on account. By the end of the calendar year, $2,000 of supplies rem

Arada [10]

Answer:

The amount expensed by the end of the year is $520.
The balance in the supplies account at the end of the year, after the adjusting entries have been prepared and posted is $2,000.

Explanation:

To calculate the amount of supplies that was expensed, we simply deduct the closing balance of $2,000 from the opening balance of $2,520, as follows: $2,520 - $2,000 = $520. So, the amount of $520 was expensed during the year and the appropriate entries recorded will be:

Debit Supplies expense $520

Credit Supplies $520

<em>(To record the amount of supplies expensed)</em>

5 0

3 years ago