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Gnom [1K]
3 years ago
13

Yittercorp regularly trades in securities on a national exchange. The company is a widely-held corporation with 600 shareholders

and $15 million in assets. Which of the following is true concerning the company’s requirement to report to the SEC?
a)Must file annual and quarterly financial reports

b)Requirement to file depends on the company’s assets and shareholder base.

c)Not required to report information to the SEC.

d)Required to report major business developments and must file annual and quarterly financial reports.
Business
2 answers:
disa [49]3 years ago
8 0

Answer:

Required to report major business developments and must file annual and quarterly financial reports ( D )

Explanation:

Large companies who regularly trades in securities on a national exchange is required by law under the security and exchange commission to report major business developments and must file annual and quarterly financial reports using form 10-K and form 10-Q made available by the security and exchange commission

The U.S security and exchange commission is an independent government agency charged with the responsibility of regulating financial markets by maintaining fair and efficient market and also protecting investors

Triss [41]3 years ago
5 0

Answer:

The Correct answer is D "Required to report major business developments and must file annual and quarterly financial reports"

Explanation:

SEC expects organizations to fill the Form 10-K for yearly reports while Form 10-Q for their quarterly reports, and report the business advancement, for example, budgetary exchange, mergers, procurement and so forth to them consistently

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Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life
sergij07 [2.7K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(280,000 - 14,000)/10,000]*1,500= $39,900

3 0
3 years ago
Nancy and Betty enter into a partnership agreement where they decide to share profits according to the following rules: Nancy an
Margaret [11]
From the first condition, Nancy already has $1,300. From the second condition, Nancy will also receive 10% of her capital balance which is 10% of $100,000 or $10,000. In total, Nancy has a share of $11,300. So, Betty's share is the remaining amount from the $40,000 net income which is
$28,700
5 0
3 years ago
From June to the end of September, Jennifer wants to save at least $1,500. Her monthly expenses are $600. Jennifer saves whateve
kakasveta [241]

The minimum sales required by Jennifer to meet her savings goal must be $26.25 per hour or $2100 for September.

Given that,

Savings desired = $1500

Monthly expenses = $600

Let money earned by her every hour be x

No. of scheduled work hours = 80

So,

Total money earned for the month = 80 × x

= 80x

As we know,

Money left = Total money earned - expenses

= 80x - $600 ...(i)

A.T.Q.

Money left must be = $1500

Then, by putting the variables in equation (i), we get

80x - 600 = 1500

Now, solving for  x

80x - 600 = 1500

        +600 = + 600

_______________

80x = 2100

x = 2100/80

∵ x = 26.25

Thus, the required sales are $ 26.25 per hour or ( 26.25 × 80 = $2100) for the month of September.

Learn more about 'savings' here:

brainly.com/question/18051939

4 0
3 years ago
The total dollar value of all goods and services produced by all people within the boundaries of a country during a specified ti
kvasek [131]

Answer:

The gross domestic product

Explanation:

The gross domestic product = Consumption spending + Investment + Government Spending + Net Export

8 0
3 years ago
The NYSE is an example of a(n) _______________ exchange while NASDAQ is an example of a(an) __________________ market. Organized
Lilit [14]

Considering the functions and operations of the organizations, The NYSE is an example of a(n) <u>Organized</u> exchange while NASDAQ is an example of a(an) <u>Over the Counter</u> market.

NYSE is an acronym for the <u>New York Stock Exchange.</u> It is generally considered the most significant capital market in the world, with over $30 trillion. Its stock market is deemed to be stable. It is also known as a designated market.

On the other hand, NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, its stock market is considered to be volatile. It is also a dealer market

Hence, in this case, it is concluded that the correct answer is option A. "<u>Organized; over-the-counter."</u>

Learn more here: brainly.com/question/21993468

7 0
3 years ago
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