All categories

3 years ago

Sarah is a financial planner and wants to sell fixed-income investments. Which license does she need to procure?

2 answers:

4 0

The answer is series 7 which is for investment agents <span>who want to sell </span>fixed-income<span> investment products such as bonds, stocks, and packaged products.</span>

nalin [4]3 years ago

4 0

Answer:

series 7 license

Explanation:

Sarah who is already a financial planner and wants to start selling fixed-income investments like bonds and treasury bills and other forms of securities which does not include commodities and futures because they are not fixed-income investments.

Sarah would need to write and pass a series 7 exam ( General securities representative exam) which enables her to have the series 7 license. this exam is necessary because it helps to test a financial planner who wants to sell fixed-income investments knowledge on several topics like Taxation,investment risk, equity instrument and also their knowledge on retirement plans. obtaining this license by passing the exam is the only way she can start selling fixed-income investments.

You might be interested in

A company has beginning inventory of 10 units at a cost of $10 each on February 1. On February 3, it purchases 20 units at $12 e

Gre4nikov [31]

Answer:

b) $124

Explanation:

FIFO means first in, first out. Under this principle, goods that were purchased or produced earlier will be the first ones on sale.

The value of the goods sold in our case will be as follows.

The first ten items @ $10: 10X10 =$100

Two items to make [email protected] $12: 2x12=$24

Total cost: $100+$24= $124

7 0

3 years ago

Cushenberry Corporation had the following transactions.1. Sold land (cost $11,360) for $14,200.2. Issued common stock at par for

miss Akunina [59]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $14,200

To Gain on land A/c $2,840

To Land $11,360

(Being the land is sold)

2. Cash A/c Dr $18,900

To Common stock A/c $18,900

(Being the common stock is issued for cash)

3. Depreciation Expense A/c Dr $15,730

To Accumulated Depreciation - Buildings A/c $15,730

(Being depreciation expense is recorded)

4. Salaries expense A/c Dr $8,080

To Cash A/c $8,080

(Being the salaries expense is paid for cash)

5. Equipment A/c Dr $8,420

To Common stock A/c $1,170

To Additional paid-in capital in excess of par value A/c $7,250

(Being the equipment is purchased)

6. Cash A/c Dr $1,236

Accumulated depreciation - Equipment A/c Dr $7,210

Loss on sale of equipment A/c Dr $1,854

To Equipment A/c $10,300

(Being the equipment is sold)

7 0

3 years ago

Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the o

Ede4ka [16]

Solution :

We know that the exchange takes place when the FMV receive is equal to the FMV given up.

Where the FMV = fair market value

The commercial substance means the future cash flows exchange.

The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.

The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :

Transaction Debit ($) Credit ($)

Asset(new) 11,000

Accumulated depreciation(old) 9,000

Asset (old) 28,000

Cash 2000

The journal entries for Delaware Corp. when the exchange lacks the commercial substance.

Transaction Debit ($) Credit ($)

Asset(new) 16,000

Accumulated depreciation (old) 10,000

Loss 2500

Assets (old) 28,000

7 0

3 years ago

Susan Sheppard, Creative Design Manager at Word-of-Mouth Marketing Group, is consistently bullied by her colleague, Alexandra Wo

Vikentia [17]

Answer:

Negative reinforcement

Explanation:

Negative reinforcement is a behavioral psychology principle that occur when one's action allows him / her to escape an unfavorable action before it occurs.

It is mentioned in the scenario that Sheppad is being bullied and criticized by Alexandra , being the boss's sister .

Susan's idea of completing all work including the extras is a behavior intentionally put up to escape the constant unpleasant stimuli from Sheppad.

6 0

3 years ago

If the Canadian dollar is strengthening, then:

Rainbow [258]

Answer:

The correct answer is (D) it has appreciated in terms of other currencies.

Explanation:

Currency appreciation is the increase in the value of a country's currency with respect to one or more foreign reference currencies, which normally occurs in a floating exchange system.

The reasons that can make a currency or currency appreciate are diverse and usually related to a high demand for it. For example, the consideration of a currency as a low risk of depreciation or a very high level of exports of a country (the demand for the currency to pay for exports will increase) are causes that give rise to the appreciation of a currency.

7 0

3 years ago