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Free_Kalibri [48]
3 years ago
12

an invesment adviser i slooking to offer advisory services to new clients. which statement is true regarding delivery of form ad

v parts 2a and 2b?
Business
1 answer:
dolphi86 [110]3 years ago
8 0

Answer:

B) They must be delivered regardless of whether the individual becomes a client of the investment adviser

Explanation:

The North American Securities Administrators Association (NASAA) requires investment advisers to deliver the Brochure (Form ADV Part 2A) and the Brochure Supplement (Form ADV Part 2B) to any prospective client they seek. Both the Brochure and the Brochure Supplement must be delivered within 48 hours of contacting the prospective client.  

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Cordell Inc. experienced the following events in Year 1, its first year of operation: Received $59,000 cash from the issue of co
faltersainse [42]

Answer:

a & c. See part a & c of the attached excel file for the table. In the attached excel file, Total revenue = $100,000; and Total expenses = $61,900.

b. The amount of net income reported on the 2018 income statement is $38,100.

d. The amount of cash flow from operating activities reported on the 2018 statement of cash flows is $25,000.

e. Before closing balance in service revenue account = $100,000; and After closing balance = $0.

f. The balance of the retained earnings account that appears on the 2018 balance sheet is $32,200.

Explanation:

a. & c. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, IA for investing activity and NA to indicate the element is not affected by the event.

Note: See part a & c of the attached excel file for the table.

From the attached excel file, we have:

Total revenue = $100,000

Total expenses = $61,900

b. Based on your response to Requirement a, determine the amount of net income reported on the 2018 income statement.

Based on part a & c above, we can determine this as follows:

Net income = Total revenue - Total expenses = $100,000 - $61,900 = $38,100

Therefore, the amount of net income reported on the 2018 income statement is $38,100.

d. Based on your response to Requirement c, determine the amount of cash flow from operating activities reported on the 2018 statement of cash flows.

Note: See part d of the attached excel file for the amount of cash flow from operating activities.

From the attached excel file, we have:

Cash flow from operating activity = $25,000

Therefore, the amount of cash flow from operating activities reported on the 2018 statement of cash flows is $25,000.

e. What is the before- and after-closing balance in the service revenue account?

Before closing balance in service revenue account = Services performed on account + Services performed for cash = $81,000 + $19,000 = $100,000

After closing balance = $0

The "after closing balance" is equal to zero because, at the end of a particular period, the balance of the service revenue account turns to $0 when the firm has to close the balance of the service revenue account in the retained earnings.

f. What is the balance of the retained earnings account that appears on the 2018 balance sheet?

Retained earnings = Net income - Cash dividend paid to the stockholders = $38,100 - $5,900 = $32,200

Therefore, the balance of the retained earnings account that appears on the 2018 balance sheet is $32,200.

Download xlsx
6 0
3 years ago
Autopitch devices are made for both​ major- and​ minor-league teams to help them improve their batting averages. When set at the
aivan3 [116]

Answer:

Control limits for x_bar are between 59.076 and 60.924

Control limits for R are between 0.669 and 5.331

Explanation:

Given data:

x_bar = 60 mph

n = 10

R = 3 mph

Step 1: Factors (see table attached)

At n = 10, factors for computing control charts limits are,

A2 = Mean factor = 0.308

D3 = Lower range = 0.223

D4 = Upper range = 1.777

Step 2: Control limits for x_bar

Lower Control limit:

LCL =  x_bar - A2*R = 60 - (0.308)(3) = 60 - 0.924 = 59.076

Upper Control limit:

UCL =  x-bar + A2*R = 60 + (0.308)(3) = 60 + 0.924 = 60.924

The control limits for x_bar are between 59.076 and 60.924

Step 3: Control limits for R

Lower Control limit:

LCL = D3*R = 0.223(3) = 0.669

Upper Control limit:

UCL = D4*R = 1.777(3) = 5.331

The control limits for R are between 0.669 and 5.331

Hope this helps!

5 0
3 years ago
The people who come into our stores are friendly and value this community. You have helped develop this positive attitude throug
masya89 [10]

Answer:

The answer is False.

Explanation:

Refusing routine requests is a message strategy used by businesses to respond to issues that they do not plan to resolve.

Sometimes, this messages are automated such that when such routine request are sent in by a customer, the system responds back with an already encoded message that does not promise to reply the query.

This response is usually courteous and laced with positive language in order to help assuage the customers grief.

The case is different here because there is a promise to respond when Becky Chen added "I will contact you next week regarding the date and time of our next grand opening ceremony".

8 0
3 years ago
Why have nonalcoholic drinks increased in popularity, and what difficulties do bar managers face when serving alcohol
Verizon [17]

Answer:

People consumes less of alcohol and more of non alcoholic drinks.

Explanation:

Now-a days people consumes less of alcoholic drinks as non alcoholic beverages or drinks are becoming non popular day by day. People have become more health conscience and wants to remain fit. Now wonder alcohol causes a lot harm to the human health. People now are aware of the side effects of consuming alcohol.

In the recent years the life style of the people have change a lot and they they have become health conscious than before. The consumption of other non alcoholic drinks have become familiar and famous including green tea, fruit juices, goji juice and many more.

The bar managers also face difficulty in serving alcohol to people as people refuse to drink them. They are more health conscience and is aware of the fatal incidents about drunk driving. They prefer other non beverages in the bar. As a result the sale of alcohol has decreased a lot. There are also various awareness programs running against consumption of alcohol.Thus people do not drink alcohol any more and so it is difficult for the bar managers to offer alcohol to their customers.

4 0
3 years ago
Lemony lemonade has​ 3,200 gallons of lemonade in wip​ inventory, with​ 76% of materials already added. The lemonade is​ 50% thr
rosijanka [135]

Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion​ costs is 1,600 units.

<h3>What equivalent units are for conversion costs?</h3>

This can be found as:

= Number of units that are WIP x Percentage of completion

Solving gives:

= 3,200 x 50%

= 1,600 units

Find out more on equivalent units at brainly.com/question/16259709

#SPJ1

4 0
2 years ago
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