Answer:
Wednesday, June 21st
Explanation:
In this scenario, since the customer redeemed the shares on Wednesday, June 14th then he must be paid before Wednesday, June 21st. This is 7 days after the redemption. According to section 22 article (e) of the Investment Company Act of 1940, all companies are prevented from postponing the date of payment for more than seven days as stated below.
(e) No registered investment company shall suspend the right
of redemption, or postpone the date of payment or satisfaction upon
redemption of any redeemable security in accordance with its terms
for more than seven days after the tender of such security to the
company or its agent designated for that purpose for redemption
Answer:
i and iii
Explanation:
Nondiversifiable risk or systemic risk is risk that cannot be eliminated by diversifying investments in a portfolio. It is the risk inherent in the industry. it is measured by beta in the CAPM.
Diversifiable risks are risks that can be avoided by diversifying investments in a portfolio. It is also known as business risk
I believe it is;
e. Marketing is a process of creating customer value
based on this excerpt... "<span>the process by which companies create value for customers and build strong customer relationships in order to capture value from customers in return"</span><span />
Answer:
NONE
Explanation:
The change will not be retrospective but prospective because although accounting standards require that when a company changes accounting methods, it needs to restate its assets and income amounts; in the case of inventory is not practicable.
Adjusting previous years inventory balances from FIFO to LIFO will not be possible, hence there will be no prior-year adjustments
Answer: Winners curse
Explanation:
Winners curse could be seen as a situation where all bidders have the same value for an item and they receive a private signals where in most occasions the winner is that individual that over estimate or overpays for the bid. When the winner of the bid exceed the true worth of that item. Most Ines this can result to loss in order to carry out the work, due to the bidder overestimated in their bid.
