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Simora [160]
3 years ago
14

One of your clients is a sophisticated 40 year old investor and has recently changed jobs. The client is considering rolling ove

r his $100,000 401(k) plan with his former employer to an IRA. He invests conservatively in his personal brokerage account which is now worth $150,000. but he wants to speculate in his IRA account investments because he feels that he can take risks since he won't need the money until retirement. What is the best advice a BOM should give a RR about this customer?
Business
1 answer:
elena55 [62]3 years ago
3 0

Answer:

The answer is: The customer's IRA assets should be considered as part of the customer's total portfolio and risk profile.

Explanation:

The branch office manager (BOM) should advice the registered representative (RR) that IRA assets are generally invested conservatively. But that is not always the case, since you must consider the customer's total investment portfolio. In this case, the investor has already $150,000 invested conservatively, so if he decides to invest $100,000 more aggressively, then it's OK. The customer's IRA assets should be considered as part of the customer's total portfolio and risk profile.

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When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an in
Serhud [2]

Answer:

make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.

Explanation:

Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.

In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.

The amount accrued since last interest payment date is calculated.

This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.

5 0
3 years ago
When Patrick was talking with his customer about the new accounting system, his customer mentioned that she thought the new syst
cupoosta [38]

Answer:

The question lacks answers:

<em>a. overcoming reservations </em>

<em>b. generating and qualifying leads </em>

<em>c. the presentation </em>

<em>d. the preapproach </em>

<em>e. follow-up</em>

The answer is: a. overcoming reservations

The answer can be formulated as - handling objections

Explanation:

The sales presentation process usually follows the sequence:

<em>generating and qualifying leads  -> the preapproach  -> the presentation  -> overcoming reservations  -> closing -> follow-up</em>

The part of overcoming reservations is one of the most critical parts of the sales process, as it includes the addressing of the potential concerns a lead may have. This is the part when most salespeople end the whole process, as they are mostly not prepared to argument their sales pitch.

In this example, Patrick is confident and persistent in his efforts to emphasize the benefits of the system, even though the client expressed some concern about it. Patrick successfully overcame the client's reservations by explaining the benefits further.

6 0
3 years ago
The loan-to-value ratio is 80%. a buyer wants to acquire a property with a purchase price of $116,000. calculate the required do
blondinia [14]
116,000 divided by 80% is $145,000
6 0
3 years ago
in the wealth of nations 1776 Adam smith wrote that markets did not need governments to control them because of the invisible ha
Scorpion4ik [409]
<span>True. In the Wealth of Nations 1776 Adam Smith wrote that markets did not need governments to control them because of the "invisible hand" of competition. Smith focused on how different pricing and distribution within an economy are dispersed using an invisible hand idea. Some economists state that the uneven distribution and market happenings frustrate the </span>government which lead to unwanted shortages and surpluses of items. 
3 0
2 years ago
Cushman Company had $812,000 in sales, sales discounts of $12,180, sales returns and allowances of $18,270, cost of goods sold o
Svetach [21]

Answer:

$395,850

Explanation:

Calculation for Cushman Company Gross profit

Using this formula

Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold

Let plug in the formula

Gross Profit = $812,000 - $12,180 - $18,270- $385,700

Gross profit= $395,850

Therefore Cushman Company Gross profit will equal $395,850

3 0
3 years ago
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