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3 years ago

Notes, bonds, certificates, mortgages, leases or other agreements between a lender and a borrower are collectively called:

1 answer:

8 0

Notes, bonds, certificates, mortgages, leases or other agreements between a lender and a borrower are collectively called debt instruments. These are papers or electronic obligations which enable an issuing party to be able to raise funds by making a promise to repay the lender in agreement with the terms and conditions of a contract. It is a legal enforceable evidence of a debt. This document is important because it makes the payment enforceable legally and it would increase the transferability of the obligation. These can be long term or short term obligations. Short term are those to be paid within a year while long term are those paid periodically for more than a year.

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Under FINRA rules, to recommend a direct participation program to a customer, the registered representative must ascertain that

mylen [45]

Answer:

has a fair market net worth sufficient to sustain the risks of the program.

Explanation:

FINRA is an acronym for Financial Industry Regulatory Authority. It is a non-profit agency in the United States of America, which is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.

A direct participation program (DPP) can be defined as a financial security which gives an investor (customer) access to the cash flow and tax benefits of a business venture.

Under FINRA rules, to recommend a direct participation program (DPP) to a customer, the registered representative must ascertain and ensure that the customer has a fair market net worth that is considered to be sufficient to sustain the risks associated with the program, including loss of investment and lack of liquidity.

5 0

3 years ago

If the interest earned by a CD is compounded annually, which rule is most accurate when calculating how long it will take the mo

Gennadij [26K]

B.) Rule of 72; just had this question on Apex and was trying to find the answer but guessed since I couldn’t find it. Posting to save a life!

5 0

3 years ago

Read 2 more answers

________ is one of the solution to the agency problem in publiclyminus−held corporations.

Ber [7]

A solution that will help in the agency problem in terms of publiclyminus – held corporations is by through having bonuses in the company or organization that will be based on primarily the short term results that they have acquired in the company.

3 0

3 years ago

Based on the segment income statement below, Chips, Inc. is considering eliminating its Barbecue Division line. Revenue from Bar

zloy xaker [14]

Answer: Decrease by $70000

Explanation:

Before the Barbecue Division is eliminated, the profit gotten will be:

Revenue from Barbecue Division sales = $510,000

Less: Salaries = $110000

Less: Direct material = $315000

Profit = $70000

Therefore, based on the analysis above, If Barbecue Division were eliminated, profitability would decrease by $70000

7 0

3 years ago

Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

OlgaM077 [116]

Answer:

$14,837

Explanation:

Calculation for what The adjusted cash balance should be

Bank balance$14,237

Add Deposit in transit$4,500

Less Outstanding checks ($3,900)

Adjusted bank balance$14,837

($14,237+$4,500-$3,900)

Book balance$13,162

Less Bank service fees ($50)

Add Note collected $1,725

Adjusted book balance$14,837

($13,162-$50+$1,725)

Therefore The adjusted cash balance should be:

$14,837

8 0

3 years ago