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4 years ago

A person who executes customer orders to buy and sell securities on the floor of the NYSE is called a:

Business

1 answer:

Greeley [361]4 years ago

4 0

Answer: Option D

Explanation: In simple words, a commission broker refers to the authorized individual who deals in the stock market on the behalf of his or her client and recipients commission on the trade executed. A commission broker do not trade in his or her own account like floor trader and does not work for share in profits.

Commission brokers usually charge commissions on the amount of transactions rather than on the amount of profit from the sale. A commissions broker can be an individual or an established and registered firm.

Thus, from the above we can conclude that the correct option is D .

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Return on Assets is a valuable financial measurement because it indicates how profit margin, asset turnover, and the equity mult

erica [24]

Answer:

True

Explanation:

Return on assets (ROA) is she valuable measure in assessing the effectiveness of company management in utilizing company capital. It is calculated

ROA=

Total Assets/

Net Income

where:

Total Assets=Shareholder Equity+Liabilities

Return on assets is closely related to return on equity as they are both almost used for same purpose which is measuring management's effectiveness in capital utilization. Return on equity differs from return on assets by the inclusion or exclusion of the debt factor in calculating them.

The relationship between ROA and ROE is demonstrated in DuPont formula which is given

ROE=profit margin*asset turnover*shareholder equity

4 0

4 years ago

You win a lottery that pays $10,000 each year for the next 5 years beginning next year. How much are your winnings worth today

Anit [1.1K]

Answer:

$43,294.77

Explanation:

Here is the full question used in answering this quetion :

You win a lottery that pays $10,000 each year for the next 5 years beginning next year. How much are your winnings worth today if the market interest rate is 5%?

Present value is the sum of discounted cash flows

PV can be calculated with a financial calculator

Cash flow in year 1 - 5 = $10,000

i = 5%

PV = $43,294.77

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

5 0

3 years ago

Timothy periodically purchases bonds issued by Prince Waste Collection. Last year, he bought two bonds in February, two bonds in

My name is Ann [436]

Answer:

$344.22

Explanation:

Calculation to determine how much profit did he make from buying and selling these bonds

First step is to calculate how much Timothy invested in February, June and August

February=2 x $1,000 x 94.593%

February = $1,891.86

June= 2 x $1,000 x 92.661%

June= $1,853.22

August= $1,000 x 105.48%

August = $1,054.80

Total investment = $4,799.88

($1,891.86+$1,853.22+$1,054.80)

Seconds step

Since Timothg sold 5 bonds in the month of October at 102.882 each which means he will received:

Amount received= 5 x $1,000 x 102.882%

Amount received= $5,144.10

Now let determine his Total profit

Total profit = $5,144.10 - $4,799.88

Total profit= $344.22

Therefore how much profit did he make from buying and selling these bonds will be $344.22

4 0

3 years ago

Plantwide Overhead Rate, Activity-Based Costing, Job Costs

lisov135 [29]

Answer:

Foto-FAst Copy Shop

1. Predetermined overhead rate = $4 per direct labor hour

2. Predetermined overhead rate = $11 per direct labor hour

3. Total job cost (Rick Anselm):

May 20 = $26.00

June 20 = $30.00

4. The two overhead rates:

a. $26.40 per machine hour

b. $3.71 per direct labor hour

Explanation:

a) Data and Calculations:

Average overhead per year prior to the purchase of the new equipment = $30,400

Average overhead per year after the installation of new equipment = $83,600

Budgeted direct labor hours for the year = 7,600

Wage rate = $9 per hour

1. Predetermined overhead rate prior to the purchase of the new equipment

= $4 ($30,400/7,600)

2. Predetermined overhead rate after the new equipment was purchased

= $11 ($83,600/7,600)

3. Cost of Rick Anselm's job on May 20:

Materials ($0.03 * 600) $18.00

Labor ($9 * 36/60) 5.40

Overhead applied 2.40 ($4 * 36/60)

Total cost of job = $25.80 = $26

Cost of Rick Anselm's job on June 20:

Materials ($0.03 * 600) $18.00

Labor ($9 * 36/60) 5.40

Overhead applied 6.60 ($11 * 36/60)

Total cost of job = $30.00

4. Overhead Rates Photocopying Computer Printing Total

Overhead cost $55,440 $28,160 $83,600

Machine hours 2,100

Direct labor hours 7,600

Overhead rates $26.40 $3.71

7 0

3 years ago

The viability and relevancy of insurance products sold to individuals and businesses

Doss [256]

Even though your question is not clearle organized, I think I can give you some tips that will help you to do what you need. I can give you some important points which include types of insurance to protect your bussiness. The first one is professional liability insurance, then go property insurance, roduct liability insurance and b<span>usiness interruption insurance. Do hope it will help you in some measure, but next time check it carefully.</span>

3 0

3 years ago