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3 years ago

12

A broker is an agent who:A. Trades on the floor of an exchange for himself or herself.B. Buys and sells from inventory.C. Offers

new securities for sale to dealers only.D. Brings buyers and sellers together.

1 answer:

Viefleur [7K]3 years ago

6 0

Answer:

D. brings buyers and sellers together

Explanation:

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The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank

algol13

Answer:

brainly.com/question/13288472

a.

(A) Cash +4,940

(L) Notes payable (short-term) +4,940

b.

(A) Cash +5,630

(S) Common Stock +5,630

c.

(A) Cash -1,200

(A) Equipment +3,000

(L) Notes payable (short-term) +1,800

d.

(A) Cash -1,300

(A) Supplies +1,300

e.

(A) Supplies +1,700

(L) Accounts payable +1,700

Explanation:

(A) = Assets

(L) = Liabilities

(S) = Stockholders' Equity

(A) = (L) + (S)

Transaction a.

(A) Cash +4,940

(L) Notes payable (short-term) +4,940

Transaction b.

(A) Cash +5,630

(S) Common Stock +5,630

Transaction c.

(A) Cash -1,200

(A) Equipment +3,000

(L) Notes payable (short-term) +1,800

Transaction d.

(A) Cash -1,300

(A) Supplies +1,300

Transaction e.

(A) Supplies +1,700

(L) Accounts payable +1,700

3 0

2 years ago

Summer Nights sells bottles of bug spray for $ 9.00 each. Variable costs are $ 4.00 per bottle, while fixed costs are $ 40 comm

Yanka [14]

Answer:

Operating Income $75,000 $115,000

Explanation:

The computation of the operating income reflected is shown below:

Units 23,000 $31,000

Contribution Margin per Unit $5 $5

Contribution Margin (Units × Per Unit) $115,000 $155,000

Less : Fixed Cost -$40,000 -$40,000

Operating Income $75,000 $115,000

The contribution margin per unit is come from

= Selling price per unit - variable cost per unit

= $9 - $4

= $5

8 0

3 years ago

Crowder Company acquired a tract of land containing an extractable natural resource. Coronado is required by its purchase contra

yulyashka [42]

Answer:

Depletion expense per ton = $3.68

Explanation:

Calculation of Total Cost

Total cost = Land + Estimated restoration costs

Total cost = $9,000,000 + 1,500,000

Total cost = $10,500,000

The depletion expenses of Crowder Company is as calculated below:

Depletion expense per ton = (Asset cost - Residual value) / No of unit depletion

Depletion expense per ton = $10,500,000 - $1,080,000 / 2,560,000 tons

Depletion expense per ton = $9,420,000 / 2,560,000 tons

Depletion expense per ton = $3.68

3 0

3 years ago

Susie buys a share of Alphabet stock through her broker, Mr. Diaz, who works for Acme Investing and purchases the stock at the N

Andrew [12]

Answer:

Alphabet stock; Acme Investing; New York Stock Exchange.

Explanation:

Susie buys a share of Alphabet stock through her broker, Mr. Diaz, who works for Acme Investing and purchases the stock at the New York Stock Exchange. In this transaction, Alphabet stock is a financial instrument, Acme Investing is a financial institution, and New York Stock Exchange represents a financial market.

Financial instruments can be defined as assets which are having monetary value or used to record a monetary transaction. Financial instruments are generally classified on the basis of their risks, maturity, issuers etc. Some examples of financial instruments are stocks, treasury bills, commercial paper, money market mutual fund, certificate of deposits, corporate bonds etc. The market where these financial instruments (securities and derivatives) are being traded at a low transaction rate is referred to as the financial market.

Furthermore, financial institutions can be defined as a business firm or company that is involved in the business of trading financial instruments.

6 0

3 years ago

Typically banks rely on other banks to lend reserves to one another. Which interest rate do they charge for these loans

soldier1979 [14.2K]

Answer:

Federal funds rate

Explanation:

federal funds rate is simply known as the interest rate at which depository financial institutions borrows(lends) funds maintained at the federal reserve to other depository financial institutions usually or Maybe overnight.

It is simply the interest rate that one bank charges another for borrowing money overnight. Its importance is to help banks meet their reserve requirements and prevent bank failure and also may be use to stimulate the economy.

5 0

3 years ago