Answer:
Yes, Elliot breached his fiduciary duties with Merrill Lynch.
Explanation:
Since Elliot is an employee of Merrill Lynch, he owes the company fiduciary duties, that means that Elliot should always act on the best interest of his employer (Merrill Lynch), and he must also avoid any personal conflict of interest between him and his employer.
Elliot is not acting on the best interest of his employer, instead he is benefiting from the position given to him by his employer (by requiring advice from other employees).
Answer:
$1,280,000
Explanation:
The net realizable value of accounts receivable after the net adjustment is computed as
= Ending balance in Accounts receivables - Uncollectible ageing accounts receivables
Given that;
Ending balance in Accounts receivables = $1,400,000
Uncollectible ageing accounts receivables = $120,000
Net realizable value of the accounts receivables after the net adjustment = $1400,000 - $120,000
= $1,280,000
Answer:
Option D is correct one.
Company X has a lower coefficient of variation than Company Y.
Explanation:
This is because company X has a lower standard deviation of returns than Company Y. Coefficient of variation = standard deviation/mean*100. Also mean of X will be higher as its expected return is higher than Y. So, the numerator (standard deviation) is lower and denominator (mean) is higher in case of X. This will lower its coefficient of variation than Company Y.