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3 years ago

If you have a financial professional advising you on investments, it is not necessary to do your own research.

Business

2 answers:

vovangra [49]3 years ago

4 0

Answer:

False

Explanation:

n200080 [17]3 years ago

4 0

Answer:

False

Explanation:

The fact that you have a financial advisor is no reason for you to stop doing your own research. You should interact with everything the counselor proposes, you must research to know the risks better. Sometimes he forgets or even omits information that may be relevant to you when deciding how to use your money.

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nnual salary allowance to Jack of $169,680. Interest of 7% on each partner's capital balance on January 1. Any remaining net inc

Katarina [22]

Answer:

$216,570; $89,430

Explanation:

Jack:

Interest amount = 7% × $96,000

= $6,720

Bernard:

Interest amount = 7% × $87,000

= $6,090

Overall profit = Net income - salary - interest amount

= $303,000 - $169,680 - ( $6,720 + $6,090)

= $303,000 - $169,680 - $12,810

= $120,510

Profit is divided in a 1:2 ratio among Jack and Bernard:

Jack's profit = $120,510 × (1/3)

= $40,170

Bernard's profit = $120,510 × (2/3)

= $80,340

Net income should be distributed to Jack:

= salary + Interest + profit

= $169,680 + $6,720 + $40,170

= $216,570

Net income should be distributed to Bernard:

= Interest + profit

= $6,090 +$80,340

= $89,430

7 0

3 years ago

The Whistling Straits Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell ne

viktelen [127]

Answer:

2,557,065 shares

Explanation:

Offer price = $30 per share

Underwriters Charge : 8%

If the company's underwriters sells new shares at the $30 per share issue price, Whistling straits corporation will receive:

offer price x (1 - underwriters charge)

= $30 × (1 - 0.08) = $27.60

The number of shares that needs to be sold will be:

$\frac{amount needed + administrative expenses}{27.60}$

$\frac{70,000,000 + 575,000}{27.60}$

= 2,557,065.217

≈ 2,557,065

Therefore number of shares to be issued will be = 2557065 shares

7 0

3 years ago

"what is the difference between a static report and a dynamic report

andreev551 [17]

Each time a dynamic report is run, it gathers the most recent data in the Data Warehouse. Only the report definition, which remains the same over time, is stored. Static reports. Are run immediately upon request, and then stored with the data in the Completed Reports module. hope that helped

5 0

3 years ago

The Grange was an organization that____________.

Fittoniya [83]

Answer: Option A. established cooperatives for storing and marketing farm output

Explanation:

The Granges consist of many group of people that are mainly farmers and other group of people. The Grange is based on farm and rural community value. The Grange helps people, especially farmers by established cooperatives for storing and marketing farm output. Most Granges support community service and volunteer work in addition to providing their members with a community with whom to discuss farming matters. The Grange tries to bring together people involved in different areas of agriculture as well as different parts of the community.

8 0

3 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

satela [25.4K]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

7 0

3 years ago