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spin [16.1K]
3 years ago
12

A mutual fund sponsor wants to hold a sales contest to promote sales during the typically slow month of January. The terms of th

e contest are that the salesperson in the fund selling group that sells the most of the sponsor's funds during the month of January will get the keys to a new Mercedes sports car. Under FINRA rules, this is an example of
(A) a gift and is permitted
(B) a gift and is prohibited
(C) non-cash compensation and is permitted
(D) non-cash compensation and is prohibited
Business
1 answer:
Valentin [98]3 years ago
3 0

Answer: Under FINRA rules, this is an example of<em><u> non-cash compensation and is prohibited.</u></em>

FINRA forbids enrolled individuals from accepting a acquisition in the sum of more than $100, and also forbids representatives from accepting "non-cash compensation".

The mutual fund sponsor is not the employer of the registered representative - the representative is an employee of the broker-dealer who is in the mutual fund selling group. The benefactor is not permitted to hold such contest - only the employing organizations can hold such contest, provided that it cannot favor the sale of one fund over another. This is an example of "non-cash compensation" under FINRA rules and is prohibited.

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Burton Pharmaceuticals is a fast-growing drug company based in Dallas. Top executives at Burton realize that human capital plays
larisa [96]

Answer:

Option B

Explanation:

In simple words, Human resources refers to the  set of individuals who make up the working population of an organisation, a business community, an industry or perhaps a financial system. Human resources, the knowledge that physical interaction, is a smaller concept.

Thus if there has been a lawsuit regarding a hiring process then it is optimal to include HR division of the enterprise into the mainstream operations of the company.

5 0
4 years ago
asset and expense accounts normally have credit balances, large balances, debit balances, negative balances?
Reptile [31]

asset and expense accounts would normally have large balances they wouldn't have a negative balance because and the money you have to spend on things for the same reason it's not going to have a credit balance because that would be the bank's money and it's not a debit balance

8 0
3 years ago
Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the
scoray [572]

Answer:

Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.

  • Not included in the GDP since tires are a component of new cars, they are not a final product.

American consumers import $3.5 billion of woven apparel from Bangladesh.

  • Included in the GDP as imports, which reduce total net exports (NX).

The U.S. government spent $523.1 billion on national defense.

  • Included in the GDP as government spending (G).

Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.

  • Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
8 0
3 years ago
Doc's ribhouse had beginning equity of 79000 and net icome of 23000. The company has no other transaction impacting equity. Calc
____ [38]

Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.

<h3>What is equity?</h3>

Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.

Doc's ribhouse beginning equity

= $79,000

Net income

= $23,000

Ending equity

= ?

Ending Equity

= Beginning Equity + Net Income - Dividends

= $79,000 + $2

= $102,000

Hence, Doc's ribhouse ending equity would be $102,000

Learn more about equity here : brainly.com/question/11556132

#SPJ1  

7 0
3 years ago
11. At Stolen Horse Corporation, indirect labor is a variable cost that varies with direct labor hours. Last month's flexible bu
pochemuha

Answer:

5,220 hours

Explanation:

Lets summarize the information first,

Actual Hours = 5,140

Actual Indirect labor cost = $2,056

Spending Variance = $257 Unfavorable

Activity Variance = $28 Favorable

We can reverse work for budgeted labor hours, first for the standard rate,

Spending variance = Actual hours * Standard rate/hour - Actual Overheads

-257 = 5140x - 2056

x = (2056-257)/5140

x = 0.35/hour (This is the standard over head rate )

Activity Variance = Standard rate*Standard hrs - Standard rate*Actual Hrs

28 = 0.35y - 0.35*5140

Solving for y,

y = 1827/0.35

y = 5,220

So budgeted hours for Stolen Horse Corporation were = y = 5,220 hours

Hope that helps.

6 0
3 years ago
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