Answer:A. Handling money in trust for clients.
Explanation: A broker is a third party who has been instructed by his or her principal to take certain actions or place certain roles on his or her behalf. Brokers are agents who maintain a fiduciary relationship with their clients.
The brokers are not expected to work outside of the terms of agreement between them and their principal or client,doing so will amount to certain penalties by the regulating bodies.
The purpose of an AVERAGEIF function is to help one find the average of numbers that meet a certain criteria within a dataset.
<h3>What does an AVERAGEIF function do?</h3>
The full question is not provided so the best I can do is to provide a general overview.
An averageif function is available in spreadsheets and is used to find the average of numbers in a range of data that meet a certain criteria.
For instance, if you want to average the budget amounts for Action movie projects, a relevant formula would be:
= AVERAGEIF(Projects, "Action movie", Projects[Budgets])
Find out more on the Averagif function at brainly.com/question/19595618.
Answer:
The correct answer is Time Utility.
Explanation:
The utility of time tells us that the products acquire greater value if they are available when the consumer desires them. It is one of the four utilities in Business Marketing next to the utility of place, utility of form and utility of possession.
The usefulness of time is achieved by ensuring that the products and services are available, on time and that they meet the needs of the client. To ensure this utility, companies must have effective and efficient logistics, where all quality systems, especially Just in Time, play a very important role.
This system develops the supply chain efficiently, and ensures that products are not only delivered on time but delivered just when they are needed saving costs to the customer.
Answer:
$2,430
Explanation:
Given that,
Purchase price = $108,000
Maximum LTV = 97.75%
LTV refers to the maximum amount that a lender will considering to loan out which is the percentage of the value of the property.
Therefore, the minimum down payment that a Connie must make for taking a loan is as follows:
= Purchase price × (1 - Maximum LTV)
= $108,000 × (1 - 97.75%)
= $108,000 × 0.0225
= $2,430
- If the required rate of return is 12%, then the value of the bond will be $834;
- If the required rate of return is 15%, then the value of the bond will be $667;
- If the required rate of return is 8%, then the value of the bond will be $1250;
When maturity of the bond is in 5 years, then at different required rate of returns, the value of the bond will be,
- At 12%- $312.50
- At 15%- $285.71
- At 8%- $357.14
<h3>What is required rate of return?</h3>
The rate of interest, which is expected to be earned by an individual upon engaging or investing the given amount of money during a particular financial period, is known as a required rate of return.
Hence, the different values of bond at given required rates of return are aforementioned.
Learn more about required rate of return here:
brainly.com/question/13987385
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