Answer: D. The account is prohibited from buying the new issue
Explanation:
The options to the question are:
A. The account can buy the issue without restriction
B. The account can buy the issue if the branch manager approves
C. The account can buy the issue if the registered representative agrees not to share in the profit on the position
D. The account is prohibited from buying the new issue.
From the question, we are informed that a registered representative is a 15% participant in an investment club formed by members of the local Elks Club and that the Elks Club investment club has opened a securities account at ABC Brokerage.
We are further told that the account wishes to buy an IPO being offered by an underwriter, out of the options that were given, the correct option is that account is prohibited from buying the new issue.
Answer:
The answer is: Brand Images
Explanation:
A company´s brand image is how customers "view them". It´s the impression they have formed in their mind about how a particular brand is, what it represents and what things are associated with them. It´s a process that is usually developed over a period of time.
For example when you hear the words Mercedes Benz, you immediately associate that brand with luxury cars and an expensive lifestyle (that´s their brand image). Most people are surprised when they realize MB also manufactures utility vehicles, trucks, military transports, and small (and not very expensive or luxurious) cars.
Answer: Option (c) is correct.
Explanation:
Given that,
Round off the values of items to the nearest half dollar are as follows:
Item 1 = $2.00
Item 2 = $1.00
Item 3 = $3.50
Item 4 = $10.00
Item 5 = $6.00
Estimated total cost of items = Item 1 + Item 2 + Item 3 + Item 4 + Item 5
= $2.00 + $1.00 + $3.50 + $10.00 + $6.00
= $22.50
Hence, nearest value is $22.50.
Therefore, option (c) is correct.
Answer:
C. arithmetic average return
Explanation:
Arithmetic average return can be defined as the return on investment brought about by adding the returns for all sub-periods and then dividing it by the total number of periods. It overstates the true return and it is appropriate for shorter time periods and in this case, the best option for a performance forecast.
Answer:
Double-entry system
Explanation:
The double-entry system is a book-keeping technique that records all transactions in at least two accounts. No upper boundary is set for the number of accounts that a transaction can be recorded. In double-entry accounting, each account has two columns, debit on the left and credit on the right side.
The concept of a double-entry accounting system is based on the fact that any transaction increases or decreases one side of the accounting equations and simultaneously decreases or increases the opposite side. The debit side must match the credit side for the account to balance.