Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
<h3>What is financial transaction?</h3>
A financial transaction include details or business traction's between a buyer and a seller
It include communication, goods and services purchase or bought.
Therefore, Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
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Answer:
Mary can deduct $1,300 in year 1 for her points paid.
Explanation:
a) Data and Calculations:
April 1, Amount borrowed by Mary to refinance the original mortgage on her principal residence = $130,000
Payment of 1 points to reduce Mary's interest rate from 7% to 6% amounts to 1% of $130,000 = $1,300.
b) Mary paying 1 points is beneficial to her since her interest cost is reduced from 7% to 6%. This implies that her total finance cost at the end of the 30-year period will be reduced.
Answer:
The annual depreciation under SL is $16000 per year.
Explanation:
The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.
The straight line depreciation per year = (Cost - SV) / estimated useful life
Annual depreciation under SL = (100000 - 20000) / 5 = $16000 per year
Answer:
Option b: The IAR engaged in front running
Explanation:
Investment Adviser are simply individuals who offers advice/analyses on securities and they are involved offering such advice (even if it's not the primary service offered). They also receives compensation for these services that is rendered. Their services also include consultation as they give advise on pension plan, sports and investments.
The SEC do offer or restricts distribution participants (underwriters and issuers) from bidding for or making secondary market purchases of the stock that is being offered in a distribution.
Front Running
This is simply said to be the act of placing a broker's personal orders ahead of a customer's large order so as to make a profit from the market effects of the trade and also when a broker who buys himself shares in a stock just before his brokerage plans to buy a large block of share.
Answer: Champion
Explanation:
Someone who drives a course from the initial stage to a stage where it is seen as satisfactory by him and people is known as a champion, as it's been put; the individual championed the course. This individual is responsible for the process of the project and sees that it becomes successful, despite the efforts of others, he supervises them and ensure they carry out the task as he planned it. A manager who takes "ownership" of a project and provides the leadership and vision that takes a commodity from the idea stage to the final customer is a product champion.
