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3 years ago

When distributing a third party research report to its clients, an investment adviser (IA) must:

Business

1 answer:

alexira [117]3 years ago

8 0

Answer:

Explanation:

When distributing a third party research report to its clients, an investment adviser (IA) must disclose that there was a third party involved that prepared the report. This is because disclosing the reports origin is absolutely necessary and required by law when the person that prepared the report is anyone but the investment adviser. Mostly due to the fact that the clients place their trust in the investment adviser and are trusting him/her with their money.

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The income statement shows the difference between a firm's income and its costs--i.e., its profits--during a specified period of

Aloiza [94]

Answer:

True.

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.

The cash flow from operating activities is generally more than the net income after taxes.

The cash flow from operating activities includes only the cash transactions relating to the operations of the business. It ignores the non-cash transactions. On the other hand, net income is derived after deducting all the expenses (paid or unpaid) from the revenue earned, pertaining to a particular period.

Example: Depreciation expense is a non-cash transaction. It is treated as follows:

While calculating cash flow from operating activities, depreciation expense is ignored (added back to the net income) as it is a non-cash transaction.

On the other hand, depreciation expense pertaining to the accounting period is deducted from revenue to calculate net income after taxes.

Thus, the cash flow from operations is generally more than the net income after taxes.

5 0

4 years ago

Required: 1. What is the standard labor-hours allowed (SH) to makes 20,000 Jogging Mates? 2. What is the standard labor cost all

svlad2 [7]

Answer:

1.6000 Hours

2. 102,000

3. $ 350 Unfav

4.$ 4250 Fav

5 a). $ 3.80 per hour

b) . $ 1000 Fav

Explanation:

Std hours allowed per unit: 18 min

Actual output: 20000 units

Std hours allowed for actuaal output (20000*18/60)= 6000 Hours

Std labour hourrs allowed =6000 hours

Std rate per hour: $ 17

Std labor cost allowed: (6000 hours @17)=102,000

Labour Spending Variancce: Std hours*Std rate - Actual hours*Actual rate

6000 *17 - 102350 = $ 350 Unfav

Actual labour rate per hour (102350/5750): $ 17.80 per hour

Labour Rate variance: Actual hours (Std rate-Actual rate)

5750 hrs (17.00-17.80)= $ 4600 Unfav

Labour efficiency variance: Std rate (Std hours-Actual hours)

17 (6000-5750)= $ 4250 Fav

Std Variable rate per hour: $ 4 per hour

Actual rate per hour (21850/5750)= $ 3.80 per hour

Variable rate variance: Actual hours (Std OH rate-Actual OH rate)

5750 (4.00-3.80)= $ 1150 Fav

Variable OH effience variance: Std rate (Std hours-Actual hours)

4.00 (6000-5750)= $ 1000 Fav

7 0

4 years ago

Net credit sales for the month are $670000. The accounts receivable balance is $170000. The allowance is calculated as 10% of th

Dominik [7]

Answer:

$177,200

Explanation:

Net realizable value of the accounts receivable can be found by the following formula, which is:

Net Accounts receivables (Step3) = Closing Accounts receivables before adjustment (Step1) -/+ Increase or decrease in Allowance for doubtful debts (Step2)

Step 1: Closing Accounts receivables before adjustment

Closing Accounts receivables before adjustment is $170,000.

Step 2: Increase or decrease in Allowance for doubtful debts

Opening Allowance for Accounts receivables is $9800

Change in Allowance for doubtful debts is the difference of the Closing Allowance calculated and Opening Allowance Value in the account.

Which means:

Allowance for the Year = Closing Allowance calculated - Opening Allowance Value

Allowance for the Year = 10% of $170,000 - $9,800

Allowance for the Year = $17,000 - $9,800 = $7,200

Step 3: Net Accounts receivables

By putting the values we have:

Net Accounts Receivables = $170,000 + $7,200 = $177,200

5 0

3 years ago

According to the Phillips curve, policymakers could reduce both the inflation rate and the unemployment rate by Group of answer

puteri [66]

Answer:

None of the other answers is correct.

Explanation:

Williams A. Phillips was a notable economist born in New Zealand. Phillips wrote a famous article titled "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957" published in 1958 by Economica. In the article, he used data for the United Kingdom (U.K) to illustrate on a graph, a negative or inverse relationship between the rate of change of employee wages in the U.K and the unemployment rate in the United Kingdom (U.K).

Consequently, using the Phillips curve it is practically impossible for policymakers to reduce both the inflation rate and the unemployment rate because as the inflation rate decreases; the unemployment rate increases and vice-versa.

However, according to the Phillips curve, policymakers can reduce inflation and increase unemployment if aggregate demand is contracted.

3 0

3 years ago

What are the shops called that are in the middle of the mall?

Kobotan [32]

Those shops which are located in the mid of the mall and operated from there are called as Mall Koisk.

3 0

3 years ago