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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 who want to sell fixed-income investment products such as bonds, stocks, and packaged products.

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.

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Why should the people on the RA team be different from the people responsible for correcting deficiencies?a. to avoid potential

NemiM [27]

Answer:

The correct answer is the option C: To avoid conflicts of interest.

Explanation:

To begin with, the term of risk assesstment refers to the process of identifying and analyzing possible future threats that may cause harm to the individuals or the assets of the company and from there on to evalute possible solutions to those situation that the company does not want to. Moreover, the risk manager is the one who should take care of those aspects and therefore that an RA team is the one that is being under his commands and should focus on the fact of identifying and analyzing the problems as well as evaluating instead of correcting some of those deficiencies and therefore that they need to have a different mind in the theme because they need to avoid conflicts of interest with the other team that is responsible from correcting.

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3 years ago

Which of the following statements is FALSE?a. Electronic procurement systems can aid a company in saving both time and money.b.

alukav5142 [94]

Answer:

The answer is d. Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.

Explanation:

Centralized purchasing is a purchasing system in which all the departments of a company with a wide geographical distribution can make purchases through a common purchasing organization.

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3 years ago

Purchase investment in bonds for $115,000. Sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of lan

Juli2301 [7.4K]

Answer:

net cash flow 26,800

Explanation:

NOTE: missing information attached.

Operating

net income 104,000

removal of non-monetary terms

depreciation expense 37,000

loss on sale of land 9,000

adjusted net income 150,000

Changes in working capital:

Increase in AR (22,000)

Decrease in Inventory 40,000

Prepaid increase (7,200)

Decrease in AP (16,000)

decrease interest paayble (5,000)

increase in tax payable 1,000

net change in working capital (9,200)

net cash generated from operating 140,800

investing

sale of land 31,000

purchase of debt securities (115,000)

cash used in investing activities 84,000

financing

cash dividends (30,000)

cash used in financing activites 30,000

net cash flow 26,800

beginning cash 227,800

ending cash 254,600

6 0

3 years ago

(Pension Expense, Journal Entries, Amortization of Loss) Gottschalk Company sponsors a defined benefit plan for its 100 employee

Alika [10]

Answer: See attachment and explanation.

Explanation:

a. Determine the components of pension expense that the company would recognize in 2017.

Service cost = $52,000

Add: Interest on projected benefit obligation = $380,000 × 10% = $38,000

Less: Actual return on plan asset = ($11000)

Less: Unexpected loss = 200,000 × 10% - 11,000 = ($9000)

Ammortization of prior service cost = $15000

Pension expense = $85,000

b. The journal entry to record the pension expense and the company’s funding of the pension plan in 2017 has been attached.

c. The amount of the 2017 increase/decrease in gains or losses and the amount to be amortized in 2017 and 2018 has been attached.

d. The pension amounts reported in the financial statement as of December 31, 2017 will be $85,000.

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3 years ago

According to PMI, a project is __________. a. a performance or time target for each major group of activities in a project b. a

BARSIC [14]

Answer:

B. a temporary endeavor undertaken to create a unique product, service, or result reducing the time it takes to perform certain activities

Explanation:

According to PMI, a project is a temporary endeavor undertaken to create a unique product, service, or result." Unlike other business activities, a project has a clear starting point and ending point, after which the people and resources dedicated to the project are reassigned. PMI is a project management association, which develops a standard for project, program, people, organization, etc. Also, they provide world- recognized certification.

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3 years ago