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vivado [14]
3 years ago
15

The NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents includes prohibitions ag

ainst certain practices designed to manipulate market prices of securities. An activity that would fall within the spectrum of the prohibitions would be A) front running B) wash trades C) guaranteeing customers against loss D) churning customer accounts
Business
1 answer:
Semmy [17]3 years ago
6 0

Answer:

B) wash trades

Explanation:

In the case when the wash trades are performed so it consists the simultaneous or near-simultaneous i.e. selling and the repurchase of the similar security for the motive of producing the trading activity due to which price rise. This is the form of how the market manipulates. The other options i.e. given in the question is not considered the market manipulation

Therefore the option B is correct

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D’Lite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are currently being rented, pending expansion t
lisov135 [29]

Answer:

1) equity = assets - liabilities

equity = $45,000 + $93,000 + $7,000 + $75,000 - $40,000 = $180,000

2) Since there is not enough room here, I used an excel spreadsheet to prepare the accounting equation.

     

3) D’Lite Dry Cleaners

Income Statement

For the month ended July 31, 202x

Revenues                                                       $116,875

Expenses:

  • Dry cleaning expense $29,500
  • Rent expense $6,000
  • Wages expense $7,500
  • Truck expense $2,500
  • Supplies expense $3,600
  • Utilities expense $1,300
  • Miscellaneous expense $2,700           ($53,100)

Net income                                                      $63,775

D’Lite Dry Cleaners

Balance Sheet

For the month ended July 31, 202x

Assets:

Cash $95,325

Accounts receivable $89,750

Supplies $5,900

Land $125,000

Total assets $315,975

Liabilities:

Accounts payable $49,200

Equity:

Capital $266,775    

Total liabilities and equity $315,975

D’Lite Dry Cleaners

Statement of Owner’s Equity

For the month ended July 31, 202x

Palk, Joel, capital, beginning balance    $180,000

Additional capital raised                           $35,000

<u>net income                                                  $63,775</u>

subtotal                                                     $278,775

<u>drawings                                                   ($12,000)</u>

Palk, Joel, capital, ending balance        $266,775

Download pdf
3 0
3 years ago
What are features in personal finance?
Alik [6]

Answer:

Account. Manage your money.

Card. Spend anywhere.

Budgeting. Save money and time.

Add Funds. Cash into your account.

Payments. Bank transfers.

Security. Safe money.

Explanation:

4 0
3 years ago
Machine A has an initial cost of $6,000 with total annual maintenance costs of $750. Machine B has an initial cost of $8,500 wit
ryzh [129]

When the initial cost of Machine A is $6,000 and that of Machine B is $8,500, then both the machines will have the same current value at the end of 10 years.

<h3>What is the meaning of current value?</h3>

The present market value of an asset that prevails in the market is known as the current value of an asset. Using the given conditions, the current value will be the same as computed under,

\rm Cost\ of\ Machine\ A\ + Maintenance\ Cost(Interest\ Rate)= Cost\ of\ Machine\ B\ +Maintenance\ Cost(Interest\ Rate)

Putting the given value and solving further we get,

\rm Current\ Value\ x\ 7.25\ x\ 10\% = \dfrac{2500}{345}\\\\\rm Current Value= 10

Hence, the significance of current value is aforementioned.

Learn more about current value here:

brainly.com/question/8286272

#SPJ1

5 0
1 year ago
Allison and josh are partners in a business. allisons capital is $60,000, and joshs capital is $100,000. profits for the year ar
solmaris [256]
Hi there

The share of profit and loss based on their proportion of their capital
Total capital is
100000+60000=160000

Allison's share of profit is
80,000×(60,000÷160,000)=30,000

joshs share of profit is
80,000×(100,000÷160,000)=50,000

Good luck!
4 0
3 years ago
9What is an example of a formal closing? ALove, incorrect answer BSee you later, incorrect answer CYours truly, incorrect answer
scoundrel [369]

Answer:

C Yours truly

Explanation:

For closing the formal letter, we write off the format closing at the bottom of the page

Like

Yours sincerely

Thanks & regards

Your truly

Best regards, etc

This should represent the respect of a person and the writing way to write out a letter

Therefore in the given case, the option C is correct i.e. C yours truly

5 0
3 years ago
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