Answer:
it has flexibility in setting prices of its products.
Answer:
The answer is: E) Only A and C of the above
Explanation:
Financial intermediaries are institutions that offer a service for individuals or institutions who want to save or borrow money. They help to promote a more efficient economy.
We take some things for granted, but try to imagine if no banks existed.
For instance, you need to borrow $200,000 to buy a new house, but none of your friends or family can lend to you. If banks (or other types of financial institutions) didn´t exist, you would have to search your neighborhood or workplace for someone willing to lend you the money. It is possible for you to find a private lender, but it would be time consuming and very inefficient. Instead the easiest way is to go to a bank and ask for a loan.
The same happens if you have saved some extra money. If banks didn´t exist you would have to hide it in your house or other places, or lend it to someone you knew that needed that money and is willing to pay it back with interest. Banks make saving money much more easy and safer.
Answer:
1) Debit Prepaid insurance, Credit Bank
2) Debit wages, credit Bank
3) Debit Supplies Account , Credit Accounts payable
4) Debit Utility account credit Accounts payable
Explanation:
The Question requires that for each of the transaction identify account to be debited and account to be credit.
clear transactions end at the 4th transaction. After the 4th its just terms and accounts
Answer:
b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.
Explanation:
A non-issuer transaction is a transaction that does not directly benefit an issuer or it was not directly executed to benefit an issuer.
According to the Uniform State Law, an entity involved in the sales of certificates of interest, leases, mining titles among others is officially exempted from being labelled as an issuer. Hence, the entity (officers of the firm) in the question are non-issuer brokers.
Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.
In this question, since the issuer newly issued 300,000 shares while the remaining 200,000 in the proposed combination was offered by Officers of the firm - non-issuer broker-dealers. The Law states that it must be separated to show that 300,000 shares are sold in an issuer transaction (Primary) directly involving an official issuer while 200,000 shares are sold in a non-issuer transaction (Secondary).
Answer:
C. State governments submit their budget proposals.
Explanation:
The Federal budget is a budget for the entire country. It is an estimate of the expected government revenue and expenditure for a fiscal year.
The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.
