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2 years ago

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An institutional client wishes to open an account at a brokerage firm, but wants the positions in the account held at a bank and

not by the broker. What type of account should be opened

1 answer:

Evgen [1.6K]2 years ago

7 0

Answer:

Delivery versus payment account is the correct answer.

Explanation:

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Suppose someone believes that if a per-unit tax is placed on the producers of good Y, the consumers of good Y will end up paying

Alex_Xolod [135]

Answer:

The correct answer is option (B) perfectly inelastic

Explanation:

It is a known facts that anytime tax is imposed on any goods at any given time, the tax falls totally on the consumers provided the elasticity of demand is zero.

Since increase in tax doesn't affect the demand for goods and services, and no matter the increment in price from the supplier, the demand remains the same. Therefore, the demand curve for goods Y is said to be perfectly inelastic.

4 0

2 years ago

Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 155,000 kites (the local curren

vovikov84 [41]

Answer:

a. The Board would report translation adjustment of <u>-$3,138</u>.

b. See the journal entries and explanation below.

c. Net translation adjustment is <u>-$1,138.</u>

Explanation:

a. Assume that the kite is this subsidiary's functional currency. What translation adjustment would Board report for the year 2017?

Note: See the attached file for the calculation of translation adjustment.

The board would report a negative (debit) translation adjustment of $3,138. That is,

Translation adjustment = -$3,138

b. Assume that on October 1,2017, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 200,000 kites in three months at a forward exchange rate of $0.76/1 kite. Prepare the journal entries required by this forward contract.

Board Company

Journal Entries

<u>Date Account titles and Explanation Debit ($) Credit ($) </u>

<u>01 Oct 17 (</u><em><u>No entry) </u></em><u> </u>

12 Dec 17 Forward contract 2,000

Translation adjustment (positive) (w.1) 2,000

<em><u> (To record forward contract change in the value to adjust translation adjustment.) </u></em><u> </u>

12 Dec 17 Foreign currency (kites) (w.2) 152,000

Cash 152,000

<em><u> (To record 200,000 kites purchased at the spot rate of $0.76) </u></em>

12 Dec 17 Cash 154,000

Foreign Currency (kites) 152,000

Forward contract 2,000

<em><u> (To record 200,000 kites delivered, $154,000 received, and close the forward contract account.) </u></em>

Workings:

w.1: Translation adjustment = Number of kites agreed to sell in three months * (Agreed exchange rate on October 1, 2017 per kite - Exchange rate on December 1, 2017) = 200,000 * (0.76 - 0.75) = $2,000

w.2: Foreign Currency (kites) = Number of kites agreed to sell in three months * Agreed exchange rate on October 1, 2017 per kite = 200,000 * 0.76 = $152,000

c. Compute the net translation adjustment for Board to report in Accumulated Other Comprehensive Income for the year 2017 under this second set of circumstances.

This can be calculated as follows:

Net translation adjustment = Negative translation adjustment in part a + Positive translation adjustment in part b (i.e. w.1) = -$3,138 + 2,000 = -$1,138

Therefore, net translation adjustment is <u>-$1,138.</u>

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2 years ago

Which set best describes the important forces in the marketplace of ideas, or, the interplay of opinions and views that takes pl

hram777 [196]

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2 years ago

Present an overview of the digital marketing landscape and compare online and offline marketing concepts.

bezimeni [28]

Answer:

I'm not sure sorry....

Explanation:

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2 years ago

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Bob DeSlob is CEO of Westlake Inc. that manufactures and sells widgets. Bob has decided that a safety feature recommended by the

Citrus2011 [14]

Answer:

The correct answer is letter "B": Profit maximization.

Explanation:

Top executives are in charge of decision-making in companies. The path the firm will take depends on them. Their ultimate goal is always to maximize the profits of a firm. For such a thing to happen several accounting and operations analysis is conducted to make adjustments on production or engage in the manufacturing of new goods.

An ethical dilemma arises when <em>profit maximization</em> implies affecting others through pollution or the manufacturing of products that could be somehow risky. Managers in most cases would prefer to cut the costs of production but they must find a balance between generating more revenue and fulfilling the minimum quality requirements so that the goods or the production of them does not put others at risk.

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2 years ago