Question:

A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______

Softa [21]

A Money Manager is a person or Financial firm that charges customers based on a percentage of the assets under management.

A money manager is someone or a financial firm that manages the securities portfolio of a person or institutional traders. expert money managers do now not receive commissions on transactions; instead, they are paid based on a percent of property underneath management.

A financial firm approach any firm or fund that makes assignment capital or other investments, or that engages in funding banking, the mutual fund business, or the securities commercial enterprise.

A financial services organization is an enterprise or organization which manages, invests, exchanges, or holds money on behalf of customers.

The 4 maximum common sorts of economic establishments are business banks, brokerage firms, insurance organizations, and investment banks.

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4 0

2 years ago

Kuzio Corporation produces and sells a single product. Data concerning that product appear below:

lorasvet [3.4K]

Answer:

The overall effect on the company's monthly net operating income of this change is $ 6,900, increase

Explanation:

Company's monthly net operating income before the change:

Sales (5,500× $ 150) 825,000

Less Variable Costs( 5,500 × $ 60) (330,000)

Contribution 495,000

Fixed Expenses (208,000) (208,000)

Net Operating Income 287,000

Company's monthly net operating income after the change:

Sales ((5,500+150)× $ 150) 847,500

Less Variable Costs ((5,500+150) × $ 60) (339,000)

Contribution 508,500

Fixed Expenses (208,000+6,600) (214,600)

Net Operating Income 293,900

Effect on the company's monthly net operating income:

Net Operating Income - After Change 293,900

Net Operating Income - Before Change 287,000

Change in Net Operating Income 6,900

3 0

3 years ago

A company issued 8%, 15-year bonds with a par value of $550,000 that pay interest semi-annually. The current market rate is 8%.

Kruka [31]

The journal entry to record each semiannual interest payment is:

Debit Bond Interest Expense $22,000; credit Cash $22,000.

<h3>What journal entries?</h3>

A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
An accounting journal, which shows a company's debit and credit balances, records transactions.
The journal entry can be made up of multiple records, each of which is either a debit or a credit.
Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
For example, a corporation may issue 8%, 15-year bonds with a par value of $550,000 that pay semi-annual interest. The market rate is currently 8%.
The journal entry for each semiannual interest payment is as follows: Debit Bond Interest Expense $22,000; credit Cash $22,000.

Therefore, the journal entry to record each semiannual interest payment is:

Debit Bond Interest Expense $22,000; credit Cash $22,000.

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6 0

1 year ago

Reliability is how long an item or system will perform its function before it breaks. Good reliability will ____________________

Ilya [14]

Answer:

Decrease logistics support requirements.

Explanation:

Decrease logistics support requirements is the correct answer because the increase in reliability decreases the requirement to correct the commodity or equipment. Therefore, the logistic support decreases which further decreases the manpower waste. Additionally, the good reliability shows that the product's quality is good and it will work efficiently for a longer time period. Thus, a good quality product requires less logistic support.

3 0

3 years ago

What does a general disk cleanup do?

vodka [1.7K]

A general disk cleanup removes unnecessary files (C).
While the general disk cleanup is active, the utility first looks for/inspects the hard drive for files that are useless, then will remove those files.

I hope this answers your question, good luck on your assignment.

7 0

3 years ago