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jek_recluse [69]
4 years ago
15

A registered representative receives an order from a corporate issuer to buy 500,000 shares of that issuer's stock in the market

, 5 minutes prior to market close. The registered representative should:
Business
1 answer:
Lerok [7]4 years ago
6 0

Answer: C. inform the company that this is a possible market manipulation under the Securities Exchange Act of 1934

Explanation:

The Securities Exchange Act of 1934 is meant to govern the actions of issuers and their affiliates engaging in trade in the open market. One reason for this is to prevent stock price manipulation.

SEC Act Rule 10b-18 might rule this transaction as a manipulative activity because it goes against the section of it that states that securities cannot be traded within 10 minutes of the stock market closing if that stock is an actively traded one. If it is not then the trade should not be executed within 30 minutes of market close.

The client should therefore be informed that by placing an order 5 minutes before close they could run afoul of this Act because buying such huge amounts at such a time could influence the price upwards for when the market reopens.

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What is journal and ledger​
Mila [183]

Answer:

<em>ledger account contains a record of business transactions.</em>

<em>while</em>

<em>  journal is  defined as the book of original entry.</em>

<em>Explanation:</em>

<em>A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.</em>

<em>A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling of and transfer to other official accounting records, such as the general ledger</em>

5 0
3 years ago
On october 2016, sengal Company recorded a joumal entry debiting prepaid rent and crediting cash for $1,200 in payment for one y
DIA [1.3K]

Answer:

C. Expense $300 of the expense on the income statement.

Explanation:

The correct answer is C.

On 31 December 2016, Sengal Company should report Rent expense of $300 on the income statement.

The initial journal entry was:

Dr Prepaid rent  $1, 200

Cr Cash                $1, 200

This journal entry recognizes the prepaid rent as an asset to the company because the rent is paid in advance, and they have not yet made use of the property they are renting. The payment is an annual payment, meaning that it is for 12 months. Assuming that the end of the financial year is at 31 December 2016, we know that a portion of the $1, 200 is in excess.  

The monthly rent expense is $1,200 / 12 = $100. This means that only $100 is the expense for each month. By 31 December, only $300 was the rent expense. [ $100 x 3]. Sengal Company had paid $900 [$1, 200 - $300] in advance and that $900 was to remain as an asset (prepaid rent). The $300 should be recorded as an expense in the income statement and removed as an asset from the balance sheet.  

The subsequent journal entry to record the expense is:

Dr Rent expense $300

Cr Prepaid rent  $300

At the end of the financial year [31 December 2016], all income statement accounts must be correctly accounted for. This is because all income and expenses are closed of at year end and are not carried forward into the next financial year. This is according to the GAAP principle of ‘Matching’ which states that all income and expenses should be matched to the correct year in which they occur.

7 0
3 years ago
What are the three principal forms of business organization? what are three advantages and disadvantages of each?
Soloha48 [4]
<span>The three principla forms of business organization are corporations, proprietorship and partnerships. Corporations have certain advantages like indefinite life, limited liability and eas of ownership transfers as well as easy access to capital markets. Corporations also have disadvantages like their earnings are subjected to double taxes, they must file federal reports for registration and state reports as well which are incredibly time consuiming and difficult. Proprietorships are unincorporated businesses that are owned by a single person. This single person is responsible for bearing all the losses as well as managing all the business, but they also get to take all the profits. This type of business is easy and cheap to form and has few federal regulatiosn. The income from it is not subjected to corporate tax but on personal taxes. It is harder to raise capital for this type of business, and the life of the business is limited to the life of the founder. Finally, partnerships are two or more people running and managing a business where the goal is to turn a profit. It sadvantages are that it is easy and inexpensive to buil, has few government regulations, and the income is only taxable at the partners personal level, not as a corporate tax rate. The disadvantages are that there is an unlimited liability to the partners and they are responsible for the extent of the business, it is difficult to transfer ownership and all partners must always agree on how they ahndle their interests as well as growth and raising capital.</span>
6 0
3 years ago
Because saudi arabia and australia have ____, saudi arabia can specialize in the production of crude oil and petroleum products,
Helga [31]

Because saudi arabia and australia have <u>absolute advantage</u>, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

<h3>What is government?</h3>

Government can be defined as a group of people with the authority to govern a country.

So therefore, because saudi arabia and australia have absolute advantage, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

Learn more about government:

brainly.com/question/18464634

#SPJ4

5 0
2 years ago
Tracy and Brett are married. Their current assets $9,243 Their current liabilities $6,921 Their monthly nondiscretionary expense
katen-ka-za [31]

Answer:

1.3355

Explanation:

Current ratio = cash + cash equivalents ÷ current liabilities =$9,243 ÷ $6,921 =1.3355

Hope this helps & plz mark brainiest

5 0
4 years ago
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