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elena-s [515]
3 years ago
10

When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securitie

s, is prohibited from:
Business
1 answer:
ANEK [815]3 years ago
8 0

Complete Question:

When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securities, is prohibited from:

Group of answer choices

A. showing past performance

B. using a paid testimonial

C. using illustrative performance charts

D. using the term "investment counsel"

Answer:

B. using a paid testimonial.

Explanation:

When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securities, is prohibited from using a paid testimonial by the Securities and Exchange Commission Act.

A paid testimonial can be defined as a written or verbal statement made by an individual for the affirmation of good quality, performance and value of a product such as a stock.

Generally, a paid testimonial endorses an investment adviser but may not be a true reflection of his or her performance in stocks trading and that would negatively impact the customers.

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In its first month of operations, Splish Brothers Inc. made three purchases of merchandise in the following sequence: (1) 155 un
FrozenT [24]

Answer:

FIFO= $2,580

LIFO= $2,325

Explanation:

Giving the following information:

(1) 155 units at $7

(2) 410 units at $8

(3) 100 units at $9.

Assuming there are 310 units on hand.

FIFO (first-in, first-out) method:

Ending inventory= last units purchased

Inventory= 100*9 + 210*8= $2,580

LIFO (last-in, first-out)

Inventory= first units purchased

Inventory= 7*155 + 8*155= $2,325

8 0
3 years ago
On July 1, Year 1, Denver Corp. purchased 3,000 shares of Eagle Co.�s 10,000 outstanding shares of common stock for $20 per shar
FrozenT [24]

Answer:

$18,000

Explanation:

On July 1, Year 1

Denver Corp. invested in E company holding:

= (3,000 ÷ 10,000) × 100

= 30% of share

Hence, the period of holding as on December 31, Year 1 is 6 months.

Net income for E co. for the year ended December 31, Year 1 = $120,000

Amount of income from this investment should Denver report:

= $120,000 × 30% × (6/12)

= $18,000

3 0
3 years ago
Which of the following statements about feedback is most likely false? Sometimes supervisors hesitate to use positive feedback b
Stolb23 [73]

Answer:

"<em>Sometimes supervisors hesitate to use positive feedback because they believe subordinates will view it as insincere</em>" is most likely false

Explanation:

6 0
3 years ago
Separation of duties is important for internal control of
ozzi

Answer:

Explanation:

Both cash payments and cash receipts.

5 0
3 years ago
A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer serv
maria [59]

Answer:

a. decrease

b. increase

c. increase

Explanation:

A call center has added a telephone line coming to its customer service department. The proportion of potential customer getting a busy line will decrease because now there is one additional line that can be used to serve caller. The average flow time experienced by customers will increase. Utilization of all the telephone lines shows the productivity of call center. The average utilization of customer service representative will increase because customer representative will have one more line to address the call by customers.

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3 years ago
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