Answer:
3.46
Explanation:
Calculation for Campbell Co. fixed asset turnover ratio
First step is to find the Average net fixed assets
Using this formula
Average Fixed assets= Fixed assets Beginning balance +Fixed assets ending balance /2
Let plug in the formula
Average Fixed assets= $368,000 + $396,000/ 2
Average Fixed assets=$764,000/2
Average Fixed assets=$382,000
Second step is to calculate for the Fixed asset turnover
Using this formula
Fixed asset turnover = Net revenue ÷ Average net fixed assets
Let plug in the formula
Fixed asset turnover= $1,320,000 ÷ $382,000
Fixed asset turnover= 3.46
Therefore Campbell Co. fixed asset turnover ratio will be 3.46
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Under the NASAA model rule, advertisements, circulars, bulletins or other communications circulated by the adviser to 2 or more persons must be retained for 5 years.
Such communications can recommend the purchase or sale of a specific security and if the communication does not state the reasons for the recommendation, a memo must be retained indicating the reasons for the recommendation.
The North American Securities Administrators Association (NASAA) proposed new rules to try and reduce the stubbornly high number of arbitration awards for harmed investors that go unpaid. If states adopt the model rules, those regulators could pursue harsher enforcement measures against registrants and firms who aren't paying—including revoking state-issued licenses.
While NASAA approved a model act this past May to assist some securities violation victims in getting their awards, in the request for comment NASAA argued a recovery fund could be hard to enact because there is “not yet widespread political support.” NASAA also argued the amount in a recovery fund could be “finite,” that payouts could be delayed, and that it would not address an advisor or firm’s individual misconduct.
Learn more about NASAA here
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Answer:
The correct solution is "
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Explanation:
According to the question,
Let,
For stock 1,
The number of shares to be purchased will be "
".
For stock 2,
The number of shares to be purchased will be "
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For stock 3,
The number of shares to be purchased will be "
".
then,
The cumulative number of shares throughout stock 1 would be well over or equivalent towards the approximate amount of all the shares or stocks for the set limit.
i.e., 
Thus the correct equation is "
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