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olya-2409 [2.1K]
3 years ago
12

"A stock is quoted at $18 - $19. If a customer sells 100 shares to the dealer, under the FINRA 5% Policy, a fair and reasonable

mark-down is based upon which price?"
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

$18

Explanation:

Based on the information given above under the FINRA 5% Policy a fair and reasonable mark-down is based upon the price of $18 reason been that we were been ask about how much price will the mark-down price be based in a situation where the customer SELLS 100 shares to the dealer which means that mark-down will be computed from the inside bid price of the amount of $18.

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Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns
yuradex [85]

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity

Option A

<u>Explanation: </u>

While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.

Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.

When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.

8 0
3 years ago
Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2
yan [13]

Answer:

$50,120

Explanation:

Account receivable on December 31, 2021 × 3% = 600

Account receivable on December 31, 2021 = $600 ÷ 3% = $20,000

Accounts receivable on January 1, 2021 = $20,000 - $118,000 + $148,000 + $120 = $50,120

Therefore, the balance of accounts receivable on January 1, 2021 is $50,120.

5 0
3 years ago
On June ​1, 2018​, Perfect Performance Cell Phones sold $ 17,000 of merchandise to Ashton Trucking Company on account. Ashton fe
inn [45]

Answer:

See answers and explanation below.

Explanation:

1. Journalize the transactions for High Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold.

<u>Date          Details                                 Dr ($)               Cr ($)               </u>

1 Jun. 18    Account receivable           17,000

                 Sales revenue                                            17,000

<u><em>                  To record sales to Ashton Trucking Company on account.</em></u>

15 Jul. 18   Cash                                     6,000

                  Account receivable                                    6,000

<em> </em><u><em>                  To record cash received from Ashton Trucking Company.  </em></u>

5 Sep. 18   Bad debt                              11,000

                 Account receivable                                      11,000

<em> </em><u><em>                 To record accounts receivable from Ashton written off.      </em></u>

5 Mar. 19   Account receivable              11,000

                 Bad debt                                                       11,000

<em> </em><u><em>                 To record transfer of bad bad back toaccounts receivable.    </em></u>

5 Mar. 19   Cash                                     11,000

                  Account receivable                                    11,000

<em> </em><u><em>                  To record cash received from Ashton Trucking Company.  </em></u>

2. What are some limitations that High Performance will encounter when using the direct write-off method?

a. It is not in line with the matching principle. This is because bad debt expenses will not be reported in the same period they are incurred and might not be realized as bad expenses until the following period.

b. It can cause inaccurate balance sheet as it does give the actual amount of accounts receivable of a company.

c. It method of recording violates GAAP and financial statements does to present the actual financial performance of the business.

d. It overstates accounts receivable as the full amount of amount owed to the company from credit sales will be reported as accounts receivable.

6 0
2 years ago
Media planners seek to reach the largest possible percentage of their target audience with no monetary limitations.
CaHeK987 [17]

As regards media planners trying to reach a large percentage of their target audience with no limitations, this is <u>False</u>.

<h3>Why is this statement false?</h3>

The ultimate goal of a company is to reduce costs and make more profit. As a result, media planners try to keep costs as low as possible when engaging in ad campaigns.

This means that they try to reach the largest percentage of people they can reach, with limitations placed on them.

In conclusion, this is false.

Find out more on media planners at brainly.com/question/7289927.

4 0
2 years ago
Sienna has a car loan with an annual interest rate of 4.8%. She will make the same monthly payment for 48 months, after which th
butalik [34]

Diego is correct because the loan has to be paid in full by a specific date.

9 0
3 years ago
Read 2 more answers
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