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3 years ago

When a sales representative wishes to sell an exempt security to an out of state customer, which statement is TRUE?

1 answer:

7 0

Answer: A. Both the broker-dealer and the registered representative must be registered in the state where the sale of the exempt security is going to be made

Explanation:

When a sales representative wishes to sell an exempt security to an out of state customer, it should be noted that both the broker-dealer and the registered representative must be registered in the state where the sale of the exempt security is going to be made.

It should be noted that when though the exempt securities aren't typically registered under the Federal law and the State law, the broker-dealers along with the sales employees must be registered unde the state law where the security is being offered.

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The table below contains data for the country of batterland, which produces only waffles and pancakes. the base year is 2013 . p

ArbitrLikvidat [17]

Firstly, you should calculate the prices of your market basket, which basically means multiply all the goods with their prices and then add them together in their respective years. This would give you $260, $440, $690 and $1200 in the years 2010 to 2013 respectively. (follow along by noting everything down)

We see that the base year is 2013, therefore if we want to calculate the inflation rate from 2010 to 2011, we have to calculate their price indices. We do this by dividing the maket basket of our chosen years by the market basket of the base year, therefore the price index of 2010 is $260/$1200, giving us 21.6. The price index of 2011 would be $440/$1200, giving us 36.6. To calculate the inflation rate, you find the difference between your two price indices and divide it by the former year, which would be 36.6 - 21.6 / 21.6 x 100, giving us the inflation rate of 69.2%.

5 0

3 years ago

For each transaction:

stira [4]

Answer:

Elegant Lawns

a. Analysis of transactions using the accounting equation:

1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000

2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000

b. Journal Entries:

Date Account Titles Debit Credit

1. May 15, Assets: Cash $7,000

Assets: Equipment $3,000

Equity: Common stock $10,000

May 21, Assets: Office supplies $500

Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000

Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000

Equity: Service Revenue $1,000

c. T-accounts:

Cash

Date Account Titles Debit Credit

1. May 15 Common stock $7,000

3. May 25, Service revenue 4,000

4. May 30, Service revenue 1,000

Equipment

Date Account Titles Debit Credit

1. May 15 Common stock $3,000

Office Supplies

Date Account Titles Debit Credit

2. May 21, Accounts Payable $500

Common Stock

Date Account Titles Debit Credit

1. May 15 Cash $7,000

1. May 15 Equipment 3,000

Accounts Payable

Date Account Titles Debit Credit

2. May 21, Office supplies $500

Service Revenue

Date Account Titles Debit Credit

3. May 25, Cash $4,000

4. May 30, Cash 1,000

Explanation:

a) Data and Analysis with Accounting Equation:

1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000

2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000

8 0

3 years ago

Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

Juli2301 [7.4K]

Answer:

<h2>The journal entry is shown below:</h2>

Explanation:

The journal entry for recording the establishment of the fund is as:

On September 1

Petty cash A/c.....................Dr $250

Cash A/c...........................Cr $250

Being recording the petty cash in the books

As creating the fund for the petty cash in the books, the account of petty cash is debited as there is increase in the assets which is debited. And the petty cash is created against cash. Therefore, the cash account is credited.

3 0

3 years ago

Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity (part ownership)

Jet001 [13]

Financing obtained from investors who believe the borrower will experience rapid growth and who receive equity (part ownership) in return is called Venture capital.

<h3>What is venture capital example?</h3>

Venture Capital (VC) is the term used to describe investment given by investors to small or newly established companies that have a promising future.
A venture capital fund is a type of private equity that is funded by institutional and private investors, including investment banks, insurance providers, and pension funds.

<h3>What is a venture capital in business?</h3>

A type of funding for creative, early-stage enterprises with significant growth potential is venture capital (VC).
For entrepreneurs and start-up businesses, venture capital provides financing and operational experience, generally, but not always, in technology-based industries like ICT, health sciences, or fintech.

<h3>What is venture capital and its types?</h3>

The use of venture capital funds at various phases of a firm determines how they are categorized.
Early stage financing, expansion financing, and acquisition/buyout financing are the three basic forms.
Early stage financing is divided into three subgroups.

Learn more about venture capital here:

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4 0

2 years ago

Which of the following phrases effectively describes a business’s income statement

irina [24]

Answer:

Financial picture

Explanation:

The phrases is suitable because An income statement will give a general picture for stakeholders regarding the company's financial condition in the past year.

it consist of several important financial information that might influence investors to either put their money into the businesses or simply abandoned it. Such as how much income that the company able to generate, the amount of expenses that the company have to pay for the operation, how much of the income is liquid, etc.

3 0

3 years ago