Answer:
C) $100,000,000 of assets that it invests on a discretionary basis
Explanation:
For an institutional investor to qualify as Qualified Institutional Buyer (QIB) under Rule 144A of the Securities and Exchange Commission (SEC) it must:
- manage at least $100 million worth of securities
- the securities must come from issuers that are not affiliated with the institutional investor
In case of banks or savings and loans institutions, Rule 144A requires them to have a net worth of at least $25 million.
Answer:
Contractual
Explanation:
The complying with the terms of a sales contract, and the secondary duties of theory of a business's duties to consumers claims that a business has four main moral duties.
Answer:
11.11%
Explanation:
For computing the annual percentage rate (APR) we need to apply the RATE formula i.e to be shown in the attachment below.
Given that,
Present value = $5,000 × (100 - 10%) = $5,000 × 90% = $4,500
Future value or Face value = $5,000
PMT = 0
NPER = 1
The formula is shown below:
= -Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the formula, the APR is 11.11%
Answer:
3, 1, 4, 2
Explanation:
The adjustment are required so that any change in any account would be recorded in the books of accounts
The steps to record the adjustments is as follows
3. Determine the accounts requiring adjustment, using the unadjusted trial balance. Like supplies, insurance, rent, etc
1. Record the adjusting entries in the journal. Like supplies, insurance, rent, etc
For example, the adjusting entry for supplies account is
Supplies expense A/c Dr XXXXX
To Supplies A/c XXXXX
(Being the supplies expense is recorded)
4. Post the adjusting entries to the general ledger.
2. Prepare an adjusted trial balance to check the equality of the debits and credits. It includes all the adjusting entries that are recorded and the trial is always matched.
