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mote1985 [20]
3 years ago
9

A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the

month of June. This action is:_______
I allowed
II not allowed
III considered to be "soft dollar" compensation
IV not considered to be "soft dollar" compensation
Business
1 answer:
inn [45]3 years ago
4 0

Answer:

I (allowed) and IV (not considered soft dollar compensation)

Explanation:

Soft dollar compensation refers to payments made to brokerage firms or agents as commission revenue. They differ from hard dollar compensation because hard dollars are payments that were agreed upon before an investor started working with the broker, while soft dollars are based upon variable commissions.

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injuries

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because

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How is a savings account most useful
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For using $money$ in the near future but not right away.

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Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000. Nothing in the contract itself prohibits a
Softa [21]

Answer:

The correct answer is (b)permitted because the contract is just for music lessons.

Explanation:

Recall that,

Johann,  a well known musician  agrees to give out ten lessons of guitar to Elton for an amount of $ 2000. this contract forbids delegation.

Since Johann delegates his obligation to Eugene who is a second year student in music, then his delegation is only allowed because the contract is to take music lessons and nothing more.

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3 years ago
Grandma and Grandpa Generous had many children, but they have only one grandchild,Harold. Grandma and Grandpa would like to give
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Answer:

Gift Tax GSTT

Explanation:

In such a scenario, Grandma and Grandpa Generoushave a current liability to the Gift Tax GSTT. This tax rate applies to Grandma and Grandpa Generous because the gift exceeds the limit per individual for gifting and because they have exhausted their lifetime gift-tax exemption. Meaning that they have to pay taxes on this gift of $5.43 million which according to the GSTT guidelines is a fixed rate of 40% of the gift that was given.

8 0
3 years ago
Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collecti
Brut [27]

Answer:

The answer is: Cash and marketable securities $5,406,393

Explanation:

We have:

+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;

+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)

+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274

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=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.

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3 years ago
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