Answer:
$56.74
Explanation:
Base on the scenario been described in the question, we can use the following method to solve the problem
Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74
Complete Question:
An investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under NASAA rules, the investment adviser:
I. is deemed to have taken custody of the customer's funds
II. has not taken custody of the customer's funds
III. must keep a record of the check received
IV. is not required to keep a record of the check received
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer:
C. II and III
Explanation:
In this scenario, an investment adviser is opening that day's mail and receives a check from a customer made out to the "Jones Cleaning Service" - the check was mailed in error to the adviser. The same day, the investment adviser mails the check back to Jones Cleaning Service. Under North American Securities Administrators Association (NASAA) rules, the investment adviser has not taken custody of the customer's funds and must keep a record of the check received.
<em>According to NASAA rules, if an investment adviser inadvertently receives a check made out to a third party like it was made out to the "Jones Cleaning Service" in error, provided that the investment adviser mails the check to the third party (customer) within 3 business-working days, then the adviser has not taken custody of the customer's funds. Also, it is required that the investment adviser must keep a record of the check received. </em>
Installing a security system is an example of an improvement operating expense. Option B. This is further explained below.
<h3>What is security system?</h3>
Generally, a security system is simply defined as a system of security when someone attempts to break in, an electrical gadget sends off an alert.
inconclusion, An example of an improved operational expenditure is the installation of a security system.
Read more about security system
brainly.com/question/14605217
#SPJ1
Answer:
$66,800
Explanation:
The computation of the amount of production cost assigned to product A but before that first we have to calculate the overhead rate which is shown below:
Overhead rate = Overhead Cost ÷ Total Labor Cost
= $60,000 ÷ ($30,000 + $16,000)
= $1.30
Now
Overhead Cost assigned to product A is
= $1.30 × $16,000
= $20,800
So, the Production costs assigned to product A is
= Direct Materials cost + Direct Labor cost + Overhead Cost
= $30,000 + $16,000 + $20,800
= $66,800
