Complete Question:
A customer wishes to open an account at a FINRA member firm, but wishes his identity to remain hidden to the employees at the branch office. Which statement is TRUE?
Group of answer choices
A. The customer's request cannot be accommodated
B. The customer must apply to FINRA to open such an account
C. The customer must sign a statement attesting to account ownership for such a request to be honored
D. The customer must submit a photo identification to open such an account
Answer:
C. The customer must sign a statement attesting to account ownership for such a request to be honored.
Explanation:
When a customer wishes to open an account at a Financial Industry Regulatory Authority (FINRA) member firm, but wishes his identity to remain hidden to the employees at the branch office. The customer must sign a statement attesting to account ownership for such a request to be honored. This simply means that, according to the policy of the Financial Industry Regulatory Authority, it is required that the customer signs a statement which expressly states or attests to the fact that he is the sole owner of the account.
The answer is False. In evaluation design they need pretest or comparison groups and it is the most appropriate when companies are interested in determining how much change has occurred in trainees. So in evaluation design with comparison or pretest groups are the most appropriate when the companies are interested to determine the change that occurred in the trainees.
<span>Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered monopolistically competitive.
A monopolistic competition is when different producers sell products that are differentiated by branding/quality. Since they differentiate in such ways, they are not perfect substitutes for one another.
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Answer:
The estimated bad debt expense using the percentage of credit sales method is $4,250.
Explanation:
Credit losses = Net credit sales * Historical percentage of credit losses = $122,500 * 4% = $4,900
Allowance for doubtful accounts has a credit balance = $650.
The estimated bad debt expense can therefore be calculated as follows:
Bad debt expense = Credit losses - allowance for doubtful accounts credit balance = $4,900 - $650 = $4,250
Therefore, the estimated bad debt expense using the percentage of credit sales method is $4,250.
Answer:
D. $156,000
Explanation:
Cost = $400,000
Residual value = $10,000
Useful life = 5 years
Now,
Annual straight line depreciation = 
Annual straight line depreciation = 
Annual straight line depreciation = 
Annual straight line depreciation = $78,000
Annual depreciation expense is transferred to the accumulated depreciation. Thus, accumulated depreciation is sum of depreciation expense charged over the useful life of the asset.
Depreciation table has been constructed to compute the accumulated depreciation on 31st December 2017.
