Answer:
a. $13,000
b. $17,000
c. $27,000
Explanation:
a= Net income (loss) = Service revenue - Other operating expenses
Net income (loss) = $25,000 - $12,000
Net income (loss) = $13,000
b. Ending retained earnings = Beginning retained earnings + Net income - Dividends
Ending retained earnings = $5,000 + $13,000 - $1,000
Ending retained earnings = $17,000
c. Total assets = Cash + Accounts receivable + Supplies + Equipment
Total assets = $15,000 + $3,000 + $3,000 + $6,000
Total assets = $27,000
Kosi will be counted as an unemployed because even though he is willing and able to work, he was out of employment due to a reason beyond his control.
Answer: borrower or as a demander of funds
Explanation:
Bob new startup goes public and sells shares of future profits. Bob startup is best described as a borrower or as a demander of funds.
This will be considered to be a borrower or a demander of bonds due to the fact that future profits are being provided to shareholders as shares.
Answer:
D) neither the agent nor his employing broker-dealer need register as an investment adviser
Explanation:
In the given scenario the agent produces his own research reports and provides them to a select group of personal clients.
He has permission from his employer to do this.
According to the Investment Advisers Act of 1940 the agent will only be excluded from being an investment advisor when he receives special compensation for giving investment advise.
Special compensation is when the agent is paid even when there are no transactions occuring.
In this case it's only when there is a transaction that the agent gets paid a commission. So this is not a special compensation.
As such neither the agent nor his employing broker-dealer need register as an investment adviser.
