Answer:
true (A. is the trustee for the client in a trust account)
Explanation:
Based on the information provided within the question it can be said that this statement is completely true. This is mainly due to the fact that a trustee can directly deduct management fees from the customer funds. Therefore if the investment adviser is the trustee for the client he is able to have custody over the account and make these deductions.
Answer:
$100 income, that added fees are only $600.
Answer:C. $6,538
Explanation:
Cost Formulae = $530 + ($114 X No of Jobs) + ($16 X No. Of meals)
Budgeted Activity for October = 20 jobs , 233 Meals
The Catering Supplies in the flexible Budget would be for October becomes :
= $530 + ($114 X 20) + ($16 X 233)
= $530 + $2280 + $3,728
= $6,538
Answer:
When a company uses the straight line amortization of bond premiums, the total amount of interest expense will be equal to the expense calculated using the effective interest method.
The advantage of using the straight line amortization is that it is a much simpler method. Under this method, the bond's premium is amortized over the life of the bond.
