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3 years ago

Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):_________

Business

1 answer:

kari74 [83]3 years ago

7 0

Answer:

Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):

Non Exempt Security

Explanation:

Uniform Securities Act is such an act that provide assistance in the law enforcement and regulation to the Securities and Exchange Commission of the United States of America.
Under this act, a structured security issued by an investment bank is a non exempt security and these securities remain non-exempt under both federal law and state law.
A structured security is basically similar to the investments like bonds which are not backed by the physical asset. They are backed by the promise of the issuing bank.

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What are the benefits of a long-term bond over a short-term bond?

kati45 [8]

A longer-term bond carries greater risk that higher inflation could reduce the value of payments, as well as greater risk that higher overall interest rates could cause the bond's price to fall. Bonds with maturities of one to 10 years are sufficient for most long-term investors.

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3 years ago

Read 2 more answers

Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2017. The company does

maria [59]

Answer:

November 1

Loaned $18,600 cash to Manny Lopez on a 12-month, 10% note.

Dr Notes receivable 18,600
Cr Cash 18,600

December 11

Sold goods to Ralph Kremer, Inc., receiving a $47,250, 90-day, 8% note.

Dr Notes receivable 47,250
Cr Sales revenue 47,250

December 16

Received a $58,200, 180 day, 9% note in exchange for Joe Fernetti’s outstanding accounts receivable.

Dr Notes receivable 58,200
Cr Accounts receivable 58,200

December 31

Accrued interest revenue on all notes receivable.

Dr Interest receivable 728.25
Cr Interest revenue 728.25

How to calculate interest:

Lopez: $18,600 x 10% x 2/12 = $300

Kremer: $47,250 x 8% x 20/360 = $210 (using a 360-day year; 20 days)

Fernetti: $58,200 x 9% x 15/360 = $218.25 (using a 360-day year; 15 days)

Total $728.25

4 0

3 years ago

A new accountant at Leftwich Inc. is trying to identify which of the amounts shown below should be reported as the current asset

natima [27]

Answer:

The correct answer is $17,620.

Explanation:

According to the scenario, the computation of the given data are as follows:

We will include the following transaction as a cash and cash equivalents:

1.$60 of currency and coin in a locked box.

2.A $10,000 U.S. Treasury bill.

3.$260 of April-dated checks that Leftwich has received from customers.

5.$2,500 in the company’s checking account.

6.$4,800 in its savings account.

So, we can calculate the cash and cash equivalents by using following formula:

Cash and Cash equivalents = Amount in point 1 + Amount in point 2 + Amount in point 3 + Amount in point 5 + Amount in point 6

By putting the value, we get

= $60 + $10,000 + $260 + $2,500 + $4,800

= $17,620

4 0

3 years ago

Recording inventory transactions in the general journal and posting entries to T-accounts: Perpetual system LO 4-1 Milo Clothing

vladimir2022 [97]

Answer:

See explanation

Explanation:

See the image below:

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4 years ago

A total of $42,000 is invested in two municipal bonds that pay 4.25% and 7.75% simple interest. The investor wants an annual int

mart [117]

Answer:

$14,000 should be invested in the 4.25% bond.

Explanation:

Let's assume

Investment in bond with a coupon rate of 4.25% = x

Investment in bond with a coupon rate of 7.75% = y

According to given condition

x + y = $42,000 (i)

4.25%x + 7.75%y = $2,765

0.0425x + 0.0775y = $2,765 (ii)

Multiplying the equiation (i) by 0.0425

0.0425x + 0.0425y = $1,785 (iii)

Subtracting equation (iii) from equation (ii)

0.0425x + 0.0775y = $2,765

-0.0425x - 0.0425y = -$1,785

0 + 0.0350y = $980

0.0350y = $980

y = $980 / 0.0350

y = $28,000

Placing valye of y in equiation (i)

x + $28,000 = $42,000

x = $42,000 - $28,000

x = $14,000

Hence

Investment in bond with a coupon rate of 4.25% = x = $14,000

6 0

3 years ago