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3 years ago

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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3 years ago

Read 2 more answers

Cullumber Company has the following transactions during August of the current year. Aug. 1 Opens an office as a financial adviso

Flauer [41]

Answer:

Aug 1 Cash $4000 Dr

Common Stock $4000 C

Aug 4 Prepaid Insurance $1500 Dr

Cash $1500 Cr

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Explanation:

Aug 1. The transaction relates to owner's investment in the business/company thus we debit the cash coming into the business and credit common stock as both are increasing.

Aug 4. The insurance paid in advance is a current asset for the business. So, we debit the prepaid insurance account as the asset is increasing and credit the cash account as it is decreasing due to payment for insurance.

Aug 16. 400 received is the service revenue and as the revenue is increasing, we credit it. We are receiving cash so we debit the cash account.

Aug 27. The payment of salary is an expense and as expense is increasing, we debit the salary expense account and credit the cash account as cash is decreasing.

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3 years ago

Currently in Economica, the frictional rate of unemployment is 2.0%, the structural rate of unemployment is 2.0%, and the cyc

ollegr [7]

Answer:

7,5%

Explanation:

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so we add, frictional rate plus structural rate plus cyclical rate to get the figure for natural rate of unemployment.

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Answer:

IMPORTANT NOTE: The data of the calculation was obtained from an online research.

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx

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3 years ago