Under the <u>Uniform Securities Act</u>, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is: <u>$500, 6 months or more in advance of rendering services.</u>
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If an advisor either physically possesses or has the legal right to take possession of money or securities belonging to its clients, then it has custody. The term "custody" has been expanded by the rule's revisions to cover situations in which an adviser's related person holds custody of client assets in conjunction with the adviser's advisory services. If an investment adviser's connected broker-dealer holds client assets as a qualified custodian in conjunction with advising services, the investment adviser would be deemed to have custody of those assets.
Consultants may be considered to have taken ownership of customer funds as defined by NASAA when a nationally registered investment manager acknowledges $500 (or more) in advanced consulting fees, 6 months prior to the anticipation of performing services. While the Advisers (Investment) Act of 1940 did not apply to government-registered advisors, it is worth noting that it may have set the maximum at $1,200 among Federal Covered advisors.
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Answer:
First, a person must not depend on anyone in his work. A person must develop plans for his own development and the ability to do all his work on his own, but sometimes a person may be forced to use the help of others and this is not a mistake. We all need each other, but without using dependence as a permanent habit
Answer:
$2,250
Explanation:
Given;
Cost of machine = $100,000
Residual value = $10,000
Useful life = 10 years
Annual depreciation = (Cost - Residual value ) ÷ useful life
= ($100,000 - $10,000 ) ÷ 10
= $90,000 ÷ 10
= $9,000 per year
Duration from October 1, 2018 to December 31, 2018 in year = 
years
= 0.25 year
therefore,
Depreciation expense for the year ended December 31, 2018
= Annual depreciation × Duration
= $9,000 × 0.25
= $2,250
Answer:
The answer is the market supply curve will shift to the right, and the market price will decrease.
Explanation:
It is likely to the market supply curve will shift to the right, and the market price will decrease.
Answer:
C. The price of a hamburger was $3.80 rather than $5.50 in 2010, with other prices in the table remaining fixed.
Explanation:
The given table shows the inflation rates and price movement over the years. The hamburger had inflation effect and its price increased by almost $1. The price change will create burden on the consumer and they will have to pay for inflation differential.
