1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ghella [55]
3 years ago
13

"A dealer buys 10,000 shares of ABC common at $15 for its inventory. One week later the stock is quoted at $18 - $19, and a cust

omer buys 100 shares from the dealer at a net price of $20. Under the FINRA 5% Policy, a fair and reasonable mark-up is based upon which price?"
Business
1 answer:
a_sh-v [17]3 years ago
5 0

Answer: c. $19

Explanation:

Under the FINRA 5% Policy, a fair and reasonable mark-up or commission is based upon the current market price of the stock not how much the dealer bought it for or rather their cost. As such, when the customer buys, which was the case in this scenario, the mark-up is charged on the <em>inside ask price</em> which in this case is $19.

Were the customer to be selling, any mark-downs will be charged on the <em>inside bid price </em>which in this case is $18.

You might be interested in
If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being
julia-pushkina [17]

Answer:

d. fewer study guides being sold

Explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold

7 0
3 years ago
Explain what the implications are to the Canadian economy if the brain drain is not stopped? Within the implications, consider t
Alinara [238K]

Answer:

Low tax collection, low working population

Explanation:

Brain drain is a condition where a country loses its population through migration. Generally, this happens with the low developing countries, because people try to search for jobs in developed countries. Canada will lose tax revenue collection and low working population as a result of the brain drain. Government is the most important stakeholder which will be affected by brain drain apart from that; hospitals and industrial units will be affected by the brain drain.

6 0
3 years ago
What is the expected rate of return on a bond that pays a coupon rate of 9% paid semi - annually, has a par value of $1,000, mat
spayn [35]

Answer:

b. 7.28%

Explanation:

This question is asking for the yield to maturity(YTM) of the bond. You can solve this using a financial calculator with the inputs below. Additionally, adjust the coupon payment(PMT) and time to maturity(N) to semiannual basis.

Time to maturity; N = 5*2 = 10

Face value; FV = 1000

Price of bond; PV = -1071

Semiannual coupon payment; PMT = (9%/2) *1000 = 45

then compute semiannual interest rate; CPT I/Y = 3.64%

Next, convert the semiannual rate to annual rate(YTM) = 3.64% *2

YTM = 7.28%

8 0
4 years ago
According to Parsons (1998) there are numerous reasons it is important to measure procedural acceptability when determining whic
Bezzdna [24]

Answer:

The option that does not apply to Parsons (1998)  procedural acceptability measure when determining which methods to use to deliver performance feedback to staff is option A). Client treatment acceptability is directly related to procedural acceptability of supervisor feedback to staff.

Explanation:

The study of organizational behavior gives insight on how employees behave and perform in the workplace. It helps us develop an understanding of the aspects that can motivate employees, increase their performance, and help organizations establish a strong and trusting relationship with their employees

OBM can be seen as the intersection between behavioral science and improvement in organizational environments.

According to Parsons (1998) there are numerous reasons it is important to measure procedural acceptability when determining which methods to use to deliver performance feedback to staff such as Staff motivation being impacted if a management practice has low procedural acceptability.

However, Client treatment acceptability is not directly related to procedural acceptability of supervisor feedback to staff.

8 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $1,860 per month plus $11 per frame. For the month of March, the company
MissTica

Answer:

$355 unfavorable

Explanation:

Budgeted supplies cost was [$1,860 + (635 frames x $ 11)] = ($1,860 + $6,985) = $8,845

Actual supplies cost was $9,200, so the variance was = budgeted cost - actual cost = $8,845 - $9,200 = $355 unfavorable

Since the actual supplies cost was higher than the budgeted supplies cost, then the variance must be unfavorable (because more money was spent than expected).

4 0
3 years ago
Other questions:
  • A negative result of high tariffs is that they can sometimes lead to
    9·1 answer
  • Melissa has an old car that is desperately in need of expensive repairs. she is trying to decide whether to spend the $1,500 she
    6·1 answer
  • Choose all the permanent accounts. Group of answer choices Fees Earned Common Stock Dividends Depreciation Expense Office Equipm
    14·1 answer
  • Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $6
    14·1 answer
  • Bond X is a premium bond making semiannual payments. The bond has a coupon rate of 7.5 percent, a YTM of 6 percent, and 13 years
    9·1 answer
  • Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are
    7·1 answer
  • Norred Corporation has provided the following information: Cost per Unit Direct materials Direct labor Variable manufacturing ov
    6·1 answer
  • HELP PLSSS
    14·1 answer
  • ​TRUSTe, a nonprofit​ self-regulatory organization, works with other companies to audit online privacy and security measures. It
    10·1 answer
  • A manufacturing company incurs direct materials costs of $6 per unit. The total direct materials cost is______when the company m
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!