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
____ [38]
2 years ago
7

Which one of the following is a false statement regarding NYSE specialists? On a stock exchange most buy or sell orders are exec

uted via an electronic system rather than through specialists. Specialists cannot trade for their own accounts. Specialists maintain limit order books, which contain the outstanding unexecuted limit orders. Specialists stand ready to trade at narrower bid-ask spreads in cases where the spread has become too wide.
Business
1 answer:
Amanda [17]2 years ago
5 0

Answer:

Specialists cannot trade for their own accounts.

Explanation:

The NYSE operates with a system of individual securities "specialists" who work on the NYSE trading floor and specialize in facilitating trades of specific stocks. A specialist is simply a type of market maker

You might be interested in
If u in my comments pressed imma get disrepectfull am i right or wrong ?
Sindrei [870]

Answer:

Explanation:

wrong

4 0
2 years ago
Analysis of Accounts Receivable and Allowance for Doubtful Accounts Steelcase, Inc. reported the following amounts in its 2014 a
Naddika [18.5K]

Answer:

b. Gross Receivable = Net receivable +Allowance

2014 = $306.8 + $13 = $319.80

2013 = $287.3 + $14.5 = $301.8

Allowance as a % of Gross receivable = Allowance / Gross receivable

2014 = $13/319.80 = 0.041 =  4.1%

2013 = $14.5/301.8 = 0.015 = 1.5%

c. Average Net Accounts receivable = (Accounts receivable, net 2014 + Accounts receivable, net 2013) / 2 = ($306.8 + $287.3] / 2 = $297.05

Receivable Turnover = Net credit sales / Average Net Accounts receivable

Receivable Turnover = $2,989 / $297.05

Receivable Turnover = 10.06 Times

d) Cash received in 2014 = Beginning Gross receivables + Net sales - Ending Gross receivables-Adjustment in allowance (Write-off 2014)

Cash received in 2014 = $301.8 + $2,989 - $319.8 - $4.3

Cash received in 2014 = $2,966.7

Increase in customer deposits = $16 - 13.5 = $2.5

Total Cash received from customers in 2014 = Cash received in 2014 + Increase in customer deposits

Total Cash received from customers in 2014 = $2,966.7 + $2.5

Total Cash received from customers in 2014 = $2969.20

6 0
3 years ago
Instead of assigning access for each user account individually, ________ is a more efficient and easier-to-manage approach. Cent
katovenus [111]

Answer:

Role-Based Access Control (RBAC)

Explanation:

Instead of assigning access for each user account individually, Role-Based Access Control (RBAC) is a more efficient and easier-to-manage approach.

In computer systems security, role-based access control or role-based security is an approach to restricting system access to authorized users. <u>It is used by the majority of enterprises with more than 500 employees,</u> and can implement mandatory access control or discretionary access control.

Hence, access need not be assigned for each user individually.

4 0
3 years ago
Assume that on July 1, 2018, Togo's Sandwiches issues a $2.97 million, one-year note. Interest is payable at maturity.
allsm [11]

Answer:

7% interest at Cec-31 for 6 months:

Dr Interest  expense(7%*$2,970,000*6/12) $ 103,950

Cr Interest payable                                                          $103,950

9% interest at Sept 30 for 3 months:

Dr Interest  expense(9%*$2,970,000*3/12) $66,825

Cr Interest payable                                                          $66,825

6% interest at Oct 31 for 4 months:

Dr Interest  expense(6%*$2,970,000*4/12) $ 59,400

Cr Interest payable                                                          $59,400

8% interest at Jan 31 for 7 months:

Dr Interest  expense(8%*$2,970,000*7/12) $138,600  

Cr Interest payable                                                          $ 138,600

Explanation:

The rationale for debiting interest expense is that is an expense account and increase in expense is normally debited to expense account while interest payable account is credited as the interest obligations are yet discharged by a way of paying cash to investors

5 0
3 years ago
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data
s344n2d4d5 [400]

Answer:

a. Profit(loss) = Total revenue - Total expenses

= 131,000 - 90,500

= $41,000

The company did in fact generate<u> profit of $41,000 </u>and this can be shown from the Income Statement which is where profit or loss is calculated.

b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:

Assets = Cash + Accounts Receivable + Supplies

= 30,800 + 25,300 + 40,700

= $96,800

Liabilities are just the Accounts Payable of $25,700.

<em>Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities. </em>

This information comes from the <u>Balance Sheet</u> which is where assets and liabilities are shown.

7 0
2 years ago
Other questions:
  • Choose and describe a business that would have a significant amount of deferred revenue and share a photo of that business (or c
    5·1 answer
  • Robin is working with a little autistic boy, trying to increase the amount of eye contact he can provide. She says, "Look at me.
    13·1 answer
  • Negotiated transfer prices
    6·1 answer
  • Some say, "Pollution is the price of progress? 1. Who in fact pays the price? 2. Explain the moral and the economic issues raise
    14·1 answer
  • EA9.
    15·1 answer
  • Waterway Company purchased a machine on July 1, 2021, for $33,320. Waterway paid $238 in title fees and county property tax of $
    5·1 answer
  • EBook
    9·1 answer
  • A translation adjustment (or translation gain) that is a consequence of translation of a functional currency that is different f
    7·1 answer
  • Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.
    15·1 answer
  • Depreciation: Is the process of allocating to expense the cost of a plant asset. Measures the decline in market value of an asse
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!