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Andre45 [30]
3 years ago
10

An institutional customer says the following to his broker: "Buy 100,000 shares of ABC stock whenever you think the time is best

. This order is good unless I call you to cancel."
Which statement is TRUE about the handling of this order?

A. An executed power of attorney must be obtained from the customer prior to accepting the order
B. The order must be executed by the close of the market on that trading day
C. The order can be accepted as given, and can be executed at the discretion of the brokerage firm at any time or day
D. This order can only be accepted if the customer places it via fax or e-mail
Business
1 answer:
Furkat [3]3 years ago
7 0

" The order can be accepted as given, and can be executed at the discretion of the brokerage firm at any time or day " is TRUE about the handling of this order.

Explanation:

In this case "Discretion" applies to free trading when a broker conducts business in an user's account without any of the customer being contacted first.

It typically means that the broker will determine how many stock, commitments or other securities to purchase or sell, at what cost, without customer input.

For example, a consumer might approve only blue-chip investments. If an investor prefers socially responsible investments, the broker may not bet in stocks or under-funded businesses. The investor can advise the broker, but allow the broker to spend as the broker sees fit, to preserve a certain stock to bond ratio. A broker handling a discretionary account shall follow (if applicable) the customer's explicit orders and limitations.

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Answer:

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Explanation:

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3 years ago
LIFO uses the ______ unit costs for Cost of Goods Sold on the income statement and the ______ unit costs for Inventory on the ba
Tasya [4]

LIFO uses the last unit costs for Cost of Goods Sold on the income statement and the first unit costs for Inventory on the balance sheet.

<h3>What is LIFO?</h3>

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

For example, if beginning inventory consists of 10 units at $10 per unit. In the middle of the month, 10 units were bought at $15 per unit. At the end of the month, 10 units were sold. Using LIFO, the cost of goods sold would be $150 ( 10 x 15). Ending inventory would be $100 ($10 x 10).

To learn more about LIFO, please check: brainly.com/question/13779572

3 0
2 years ago
On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 210,000 shares of $30 par common stock at $34,
adoni [48]

Answer:

Jan. 22

Dr Cash $7,140,000

Cr Common Stock $6,300,000

Cr Paid in capital in excess of par $840,000

Feb. 27

Dr Cash $180,000

Cr Preferred Stock $135,000

Cr Paid-In Capital in Excess of Par-Preferred $45,000

Explanation:

Preparation of the entries for January 22 and February 27.

Jan. 22

Dr Cash $7,140,000

(210,000*$34)

Cr Common Stock $6,300,000

(210,000*$30)

Cr Paid in capital in excess of par $840,000

($7,140,000-$6,300,000)

Feb. 27

Dr Cash $180,000

(15,000*$12)

Cr Preferred Stock $135,000

(15,000*$9)

Cr Paid-In Capital in Excess of Par-Preferred $45,000

($180,000-$135,000)

7 0
3 years ago
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choli [55]

Answer:

c

Explanation:

because if you have all new employees people won't see you as a serious company

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Answer:

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