Answer:
B) He is required to provide written notice to his broker-dealer.
Explanation:
Under self-regulatory organization (SRO) rules, if a registered person engages transaction involving private securities, he/she must provide a written notice to his firm. Even if their is no compensation involved, the firm still has the right to impose certain conditions regarding the participation of the registered person.
Answer:
$1,120
Explanation:
Ending Merchandise Inventory is value of closing inventory in hand, to be valued at lower of cost or net realizable value or replacement value
Here, cost of closing inventory = 7 units X $160 each = $1,120
Since current realizable/ replacement value = $1,155
Cost is less than realizable value, therefore cost will be considered.
Thus ending merchandise inventory will be valued at total of $1,120.
Answer:
hack
Explanation:
hack into the system and move it off your perminate recorder you won't be able to delete it
<u>Answer:</u>
The amount of cash that will be received by Montana is $37000.
<u>Explanation:</u><u> </u>
Minden Mel Montana
Profit sharing ratio 30% 40% 30%
Balances 27000 -12000 43000
Deficiency distrubuted -6000 12000 -6000
Cash received by partners 21000 0 37000
Minden and Montana have to contribute in their
profit sharing ratio (30% and 30%), i.e., equally.
Therefore, the amount of cash that will be received by Montana is $37000.
