Answer:
$5.52 million
Explanation:
Data provided in the questions
Lose sales per year = $23 million
After tax operating margin on sales is 24%
By considering the above information, the yearly side effect for introducing the new product is
= Lose sales per year × After tax operating margin on sales
= $23 million × 24%
= $5.52 million
We simply multiplied the lose sale per year with the after tax operating margin on sales so that the yearly side effect could come
Answer:
reasonably priced and widely available for the policy suggested.
Explanation:
Ethics are sets of values, and rules that guide the way we conduct our activities on a daily basis. One side of these ethics talks about the things we should avoid as humans which include lies and cheating, while the other side talks about the things we need to do.
Certain ethical values, which forms part of the responsibilities of a sales agent and what they owe their clients include; avoiding every cases that brings up conflicts of interest and they must bring to bare, all material information their clients need to know.
In order for the agents to be able to disclose the material information as required, they must have good product knowledge and know the differences in the array of products they are selling. They must also be able to explain the policy options that are reasonably priced and widely available for the policy suggested.
Answer:
a. Record the adjusting entry related to outstanding checks, if necessary.
No adjusting entry is necessary for recording outstanding checks.
b. Record the adjusting entry related to bank service charges, if necessary.
June 30, 202x, bank fees expense
Dr Bank fees expense 20
Cr cash 20
c. Record the adjusting entry related to Check No. 919, if necessary.
June 30, 202x, adjusting entry for mistake on recording Check No. 919
Dr Cash 9
Cr utilities expense 9
d. Record the adjusting entry related to the June 30 deposit, if necessary.
No adjusting entry is necessary for recording deposits on transit.
Did you know that the population of Lions is Africa has gone down so much that there is less than 20,000 world wide?
Answer: c. The Broker-Dealer and the agent must be registered in both States A and B
Explanation:
Various States have their own laws on Registration of traders of securities known as Blue Sky laws.
These laws generally provide that trading agents need to be registered in a state in be able to trade securities for a client in that state. Trading Agents in this context refer but are not limited to, Broker-dealers, Agents, Investment Advisers, and Investment Adviser Representatives.
Both the Broker-Dealer and the Agent therefore need to be registered in both states for them to have handled her transactions in the past when she was in State B and in the present when she has relocated to State A.