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leonid [27]
3 years ago
8

The system that compares trades of nasdaq issues and reports the trades to the network c tape is called:

Business
1 answer:
Gemiola [76]3 years ago
6 0
I believe it is called the ACT system.
The ACT stands for Automated Confirmation of Transactions. This system give the ability to <span> report and clear trades in the over-the-counter (OTC) and NASDAQ securities markets. Currently, the system is used in more than 6 million businesses all across the Globe.</span>
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Blossom Company lends Blue Spruce industries $61200 on August 1, 2022, accepting a 9-month, 12% interest note. If Blossom Compan
Svetlanka [38]

Answer:

Dr interest expense   $2448

Dr interest payable    $3060

Dr Notes payable      $61,200

Cr cash($2448 +$3060 +$61,200)                 $ 66,708.00  

Explanation:

The interest accrued at 31st December 2022 is interest for 5 months which is calculated thus:

interest as at 31st December=5/12*12%*61,200=$3060

On that interest expense would have been debited while interest payable is credited with $3060

On the due date, interest for another months need to computed as follows:

interest for four months=4/12*12%*61,200=$2448

8 0
3 years ago
Logano Driving School’s 2017 balance sheet showed net fixed assets of $4.6 million, and the 2018 balance sheet showed net fixed
r-ruslan [8.4K]

Answer:

$270,000

Explanation:

Net capital spending = Increase in net fixed assets + Depreciation expenses

= [ Net fixed assets at year end - Net fixed assets at the beginning ] + Depreciation expenses

= [$5,200,000 - $4,600,000] + $330,000

= $600,000 - $330,000

= $270,000

8 0
3 years ago
You are given:
Dmitry [639]

Answer:

0.087  = 8.7%

Explanation:

Present value of perpetuity given that payment is done at the end of N-year

= present value * ( 1 + i )^n-1

= 169 * ( 1 + i )^n-1  = 100 / i

∴ ( 1 + i )^n-1 = 100 / 169i  ------- ( 1 )

Given that first payment at the end of N years = 2112.50 hence the present value of 2112.50

= 2112.50( 1 + i )^n-1  = 100 / i  + 100/ i^2 --- ( 2 )

(given that the increment is with a difference of 100 ) and N-1 = number of years

next step : Input equation 1 into equation 2

2112.50 i^2 = 169i [ 100i + 100 ]

19350 i^2 = 16900i

∴ i = 16900 / 19350 = 0.086956 ≈ 0.087

5 0
2 years ago
If the salaries of the sales staff of a manufacturing company are improperly recorded as a product cost, what will be the likely
Fynjy0 [20]

Answer:

Net Income will be overstated

Explanation:

The journal entry for salaries payable is

Salaries Expense                        Dr.

    To Cash A/C

(Being salaries paid recorded)

Salaries expense is charged to net income and the journal entry is

Net Income                                  Dr.

    To Salaries Payable

Salaries expense reduces net income as it being a deductible expenditure for a corporate.

In the given case,  salary expense has been accounted as a product cost. This would reduce the expenses and thus would overstate the net income.

5 0
3 years ago
Labor unions and businesses in the heavy equipment industry have asked the u.s. congress to place a tax on imported equipment in
Ann [662]

Answer: Protective tariff

Explanation: Protective tariffs are basically designed to protect the domestic producers from foreign competition. These tariffs raise the retail price of imported products making them expensive in comparison to domestic  products and thereby making domestic products more  competitive.

Thus, by placing a tax on imported equipment in order to make it more expensive, these industries hope that <em>Protective tariff</em> will allow u.s. producers to be more competitive.

8 0
3 years ago
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