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ladessa [460]
3 years ago
6

A member firm allocates shares of an IPO to the CEO of a different company that is considering the possibility of using the memb

er firm for its IPO. This action is:A. Flipping, a prohibited activityB. Spinning, a permitted activityC. Flipping, a permitted activityD. Spinning, a prohibited activit
Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer:

D. Spinning, a prohibited activity

Explanation:

Spinning is a prohibited activity.

In this a member firm allocates shares of a new issue to certain decision makers.

These decision makers may be the executive officers, directors, (former or current ) or prospective customers and also, it can be person who is materially supported by the executives or directors.

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Which ethical approach typically focuses on the attainment of fair and equitable distribution of economic goods and services?
SVETLANKA909090 [29]

Answer:Social justice theory

Explanation:Social justice is a concept which encourages fair and just relationship in terms of how wealth, opportunities are distributed amongst society and individuals.

It encourages that no one shall be deprived of equal access to certain resources and thatg everyone must get their share and thatt shall not be taken away from them.

4 0
3 years ago
Cary is experiencing cash flow problems during the current year. Rather than foreclose an $80,000 business loan, his bank agrees
Nata [24]

Answer:d. $30,000

Explanation:

The reduction of loan amount from $80,000 to $50,000 means carry has gained the difference of $30,000 by paying less than the value of loan he has received.

On an overall analysis the net asset will improve from -$10,000 to $20,000 but the income from the loan reduction is $30,000 i.e,$80,000 minus $50,000.

6 0
3 years ago
Read 2 more answers
S'Round Sound, Inc. reported the following results from the sale of 24,000 units of IT-54:
Alisiya [41]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Total Variable manufacturing costs 288,000

Unitary variable costs= 288,000/24,000= $12

Rhythm Company has offered to purchase 3,000 IT-54s at $16 each. No variable selling costs will be incurred.

Because it is a special offer and there is available capacity, we will not have into account the fixed costs.

Effect on income= 3,000*(16-12)= $12,000 increase

3 0
3 years ago
!!PLEASE HELP ME WITH MULTIPLE CHOICE!!
ELEN [110]
<span>a) grant temporary tax exemptions to groups and individuals that start new businesses</span>
8 0
3 years ago
Read 2 more answers
EB13.
Harman [31]

Answer:

Journal entries to record the expenses incurred are given below.

Debit Factory Overhead Control Account      $ 1300

Credit Utilities bills account                              $  700

Credit Accumlated factory depreciation          $  400

Credit property tax payable                              $  200

Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.

Debit WiP process account                                 $ 525

Credit Factory overhead applied account          $ 525

(1.5 * 350 (machine hours))

5 0
3 years ago
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