Answer:
Matthew owns 30 percent of the outstanding stock of Lindman and has the ability to significantly influence the investee's operations and decision making. On January 1, 2015, the balance in the Investment in Lindman account is $337,000. Amortization associated with this acquisition is $10,000 per year.
Explanation:
<span>This illegal process is known as churning. By making trades over and over again, the stockbroker is receiving more commissions from all the trades, hurting the client. Churning can be thought of as continually turning over the contents of a portfolio.</span>
Answer:
The answer is: 74% of its customers carry a credit card the store will accept.
Explanation:
- Let A denote the event a customer carries American Express credit card (24%)
- Let V denote the event a customer carries Visa credit card (61%)
- Let AV denote the event a customer carries both credit cards (11%)
P(A ∪ V) = probability that a customer carries at least one credit card
P(A ∪ V) = P(A) + P(V) − P(AV)
P(A ∪ V) = 0.24 + 0.61 − 0.11 = 0.74
