The selection technique that will be most helpful in obtaining this information is the REFERENCE CHECK. Reference check in this case involves contacting the applicants previous employers in order to obtaining necessary information about them.
Answer:
Huffman Corporation
Income Statement for the year end December 31, xxxx
Service revenue $13,900
Less: Expenses
Salaries expense $3,100
Advertising expense <u>$700 </u>
Total Expenses <u>($3,800)</u>
Net Income <u>$10,100</u>
Explanation:
Following account are the balance sheet accounts, so these are not used in the preparation of income statement.
Retained earnings 3,700
Cash $ 4,200
Equipment 10,700
Common stock 7,900
Accounts payable 2,250
Answer:
We can say First National Bank has 2 million dollars in required reserves
Explanation:
In order to calculate the required reserves we would have to make the following calculation:
Required reserves = Total reserves - excess reserves = vault cash + deposits with Federal Reserve - excess reserves
vault cash= 4 million dollars
deposits with Federal Reserve= 16 million dollars
excess reserves=18 million dollars
Therefore, Required reserves=4 million dollars+ 16 million dollars-=18 million dollars
Required reserves= 2 million dollars
We can say First National Bank has 2 million dollars in required reserves
Answer:
A) The internal review and approval of a registered principal of the firm
Explanation:
Finra's Rule 2210 - Communications with the Public and Interpretive Material, requires that all new retail communications must be internally reviewed and approved by a registered principal of a firm.
Any sales literature is now included under the category of retail communications.
Retail communications is defined as any communication sent to 25 or more existing or prospective clients.