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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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Suppose the government of Russia runs a budget deficit. This will result in:

adoni [48]

Answer:

D. an increase in interest rates in Russia and a decrease in the value of the ruble relative to other currencies.

Explanation:

In case the government of Russia runs a budget deficit , there will be inflationary pressure because budget deficit will be met by printing of currency . Inflationary pressure will drive interest rate high which will adversely affect the value of currency in international market. So the value of ruble will decrease relative to other currency .

Option D is correct .

8 0

3 years ago

Given the following data, what is the dollar amount of beverage sales? Food cost: $175,000 Beverage cost: $50,000 Total sales: $

nignag [31]

Answer:

$160,000

Explanation:

If the beverage sales represent 20% of the total sales, to find out the dollar amount of beverage sales, all we need to do is multiply the total sales x 20%:

beverage sales = $800,000 x 20% = $160,000

food sales = total sales - beverage sales = $800,000 - $160,000 = $640,000

7 0

3 years ago

A company estimates that overhead costs for the next year will be $8,320,000 for indirect labor and $155,500 for factory utiliti

Serhud [2]

Answer:

The company's plantwide overhead rate is 21.19%

Explanation:

given information:

indirect labor = $8,320,000

factory utilities = $155,500

machine hours = 400,000

to calculate the overhead rate, we can use the following formula

$overheadrate = \frac{Indirectcost}{allocationmeasure}$

in this case.

the indirect cost = indirect labor + factory utilities

= $8,320,000 + $155,500

= $8,475,500

allocation measure = 400,000

thus,

$overheadrate = \frac{8,475,500}{400,000}$

= 21.19%

7 0

4 years ago

"An insured has an $80,000 dwelling policy with a $500 deductible. In addition to the house, the property includes a detached ga

NeTakaya

Answer:

The amount that is needed to be covered by the policy is $3,500

Explanation:

Coverage B - Other kind of structures offer coverage for the real property which is to be located on the desired location and need to be separated from the dwelling through clear space.

Coverage A- upto 10%

So, in the situation, $8,000 is involved for other structures. Lightning is covered under the peril so that the policy will pay an amount of $3,500 (Which is $4,000 [$3,000 + $1,000] - $500)

5 0

4 years ago

True or false: Saving files to provide an audit trail and review any remediations is not at all critical.

Neporo4naja [7]

This is false. Saving files to provide an audit trail and review any remediations is not at all critical.

<h3>What is the audit trail?</h3>

This is the term that is used to refer to the record of changes that have occurred in a given database.

The audit trail is used to show the sequence of activities that have taken place that may have an effect in the database.