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gulaghasi [49]
3 years ago
9

What is a broker? Career Prep Edge

Business
1 answer:
Colt1911 [192]3 years ago
5 0

Answer:

A broker refers to an individual who is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.

Explanation:

A broker refers to an individual or business firm that is saddled with the responsibility of buying and selling stocks (shares) on a stock exchange market on behalf of his or her clients.

Generally, a broker acts as an intermediary between a buyer (investor) and a seller (securities exchange) for a commission or an agreed upon fee after executing the deal. Thus, a broker also referred to as a stockbroker acts as a principal party in the buying or selling of stocks or securities in the financial markets.

Additionally, the actions or activities of a broker in the financial market is regulated by regulatory (financial) institutions such as the securities and exchange commission (SEC).

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Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.60 dividend every year, in perpetuity. If thi
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Answer:

Required rate of return is 6.97%

Explanation:

The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:

Stock price =dividend/required rate of return

stock price is $80.40

required rate of return is unknown

the dividend on the preferred stock is $5.60

required rate of return=dividend/stock price

required rate of return =$5.60/$80.40=6.97%

The required rate of return based on the stock price and dividend information provided is 6.97%

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4 years ago
For each of the following transactions, identify the net asset classification (without donor restrictions, with donor restrictio
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3 years ago
Thomlin Company forecasts that total overhead for the current year will be $11,597,000 with 164,000 total machine hours. Year to
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Answer: c.$71 per machine hour

Explanation:

The Pre-determined Overhead rate is the rate Thomlin Company forecasted that the company would incur total overhead for the current year.

They forecasted total overhead of $11,597,000 with 164,000 total machine hours.

Since the rate is based on Machine Hours the rate would be,

= Total Forecasted Overhead / Total Forecasted Machine Hours

= 11,597,000 / 164,000

= 70.71

= $71

4 0
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How do companies effectively go global?
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Answer:

Some of the specific advantages presented by successfully growing globally include:

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•You can reduce your dependence on the markets you have developed in the United States.

and more....

Explanation:

hope it helps......

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Charles and nancy have decided to sell their family business and would like to transfer ownership to the next generation. which
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