which statement is true about a state-registered investment adviser's recordkeeping obligations? a only advisers that maintain custody of client funds are required to retain books and records that can be inspected by the administrator
Answers
No, this statement is not true. All state-registered investment advisers are required to retain books and records that can be inspected by the administrator, regardless of whether they maintain custody of client funds or not.
Which of the following is accurate regarding the record-keeping requirements for a state-registered investment adviser?All state-registered investment advisers must maintain records that can be inspected by the administrator, regardless of whether or not they maintain custody of client funds. The records must include all transactions, documents, and materials related to the adviser’s business, including all client communications, customer complaints, performance data, and financial statements.Furthermore, the records must be kept up-to-date, with all changes and additions being documented. The administrator has the right to inspect these records at any time, and advisers must be able to produce them immediately upon request. Advisers must also keep records of all customer accounts, including account opening and closing documents, account statements, transaction confirmations, and other documents related to the customer’s account. These records must be kept for at least three years after the account is closed. In addition, advisers must maintain a written code of ethics that outlines the conduct, ethics, and standards of the firm. The code must be updated and reviewed at least annually, and all employees must be informed of its contents.To learn more about a state-registered investment adviser's recordkeeping obligations refer to:
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Related Questions
When looking at your credit card statement, what is a "Previous balance" ?
A: It is the amount you paid in interest during the last month
B: It is the amount still owed after making last months payment
C: It is the amount you paid on your last payment
D: It is the amount you were charged in interesting during the last month
Answers
On a credit card statement, the term "Previous balance" means the amount still owed after making last months payment.
What is a credit card statement?In credit sector, the credit card statement means the statement that shows the complete log of your account activity during a specific period. It typical entails any payments, credits, interest and charges you have accrued during the period as well as details including the total account balance, statement balance, minimum payment due, due date etc.
In short, the credit card statement shows a credit-holder the summary of how they used their credit card for a billing period.
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Which would an economist consider a likely substitute for coffee?
a. water
b. tea
c. chicken
d. donuts
Answers
Tea and coffee are substitutes since they are both beverages that satisfy similar consumer needs.
Which would an economist consider a coffee replacement for?Tea is an alternative to coffee, thus if the price of tea drops, people might drink more tea and less coffee. The quantities needed at each price will change as a result of a change in any one of the factors that are kept constant while creating a demand schedule.
Coffee and tea are interchangeable products. At least two products that the same consumers might use for the same purpose are considered replacement goods or substitutes. In the eyes of the consumer, substitute items are the same as, very similar to, or equivalent to another product.
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a firm expects to sell 25,100 units of its product at $11.10 per unit and to incur variable costs per unit of $6.10. total fixed costs are $71,000. the pretax net income is:
Answers
A company anticipates selling 25,100 units from its item at $11.10 each and paying $6.10 in variable costs each unit. All fixed expenses come to $71,000. the pretax profit is $54500.
Exactly which cost is variable?Variable costs are expenditures that vary in accordance with industrial output or revenue. Although rising development or sales are accompanied by rising variable costs, declining output or sales are accompanied by declining variable costs.
What are four typical variable costs?premiums for life, health, or disability insurance. tax on real estate. cost of child care. payments for a car or student loan.
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Find a specific example of each of the following. Explain the benefit to the firm in each case: Group Pricing Channel Pricing Regional Pricing Time-based Pricing Product versioning Coupons and Rebates
Answers
A grocery store might offer coupons or rebates for certain products. The benefit to the firm is that they are able to increase sales of specific products and attract customers who might not have otherwise purchased the product.
Here are specific examples of each of the following and explanations of the benefit to the firm in each case.
Group Pricing Example: Consider a movie theatre that offers group discounts on tickets. If a group of 10 or more people purchase tickets together, each ticket costs $8 instead of the usual $12. The benefit to the firm is that they are able to sell more tickets at a discounted rate, which can help increase revenue.
Channel Pricing Example: A toy manufacturer might offer different pricing to different retail channels for their product. They might offer a lower price to a discount store, and a higher price to a specialty toy store. The benefit to the firm is that they are able to maintain different margins for different products.
Regional Pricing Example: A car rental company might offer a discounted rate for car rentals in a specific region. For example, during the winter months, they might offer a discounted rate for car rentals in warmer regions of the country. The benefit to the firm is that they are able to increase sales in regions that might not have as much demand.
Time-based Pricing Example: An amusement park might charge a lower rate for tickets during the weekday, and a higher rate on weekends. The benefit to the firm is that they can maximize profits during peak times and offer discounts during slower periods.
Product versioning Example: A software company might offer different versions of their product at different prices. For example, they might offer a basic version of their software for free, and charge for additional features. The benefit to the firm is that they are able to capture customers who might not be willing to pay for a more expensive version.
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define scope is the process of developing the: a. project scope network diagram. b. project scope management plan. c. project work breakdown structure. d. detailed specifications of the project outcomes and products.
Answers
Detailed specifications of the project outcomes and products.
Describe scope management.Defining and identifying the steps necessary to fulfill a project's requirements is the procedure of scope management. It also entails making sure that the task is finished on time and within the allocated budget.
Describe the outline of the project's scope.The timely and accurate completion of teams' work depends on the project management strategy of the company. However, before project leaders can create a detailed strategy and a development team can carry out that plan, everyone must understand what work has to be done and what makes it crucial.
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who knows where you cant get your mom to stop yelling
Answers
Answer:you cant my parents do the same
Explanation:
theres no help
Answer:
if u mom yells at you for a certain (for example if she yells at u for not cleaning up then u should maybe clean so she wouldn't have to yell at u for that reason)
Explanation:
A company financed the purchase of a machine with a loan at 5.5% compounded monthly. This loan would be settled by making payments of $7,300 at the end of every month for 8 years.
a)What was the principal balance of the loan?
b) What was the total amount of interest charged on the loan?
Answers
The principal balance of the loan is approximately $51,937.45, and the total amount of interest charged on the loan is approximately $648,862.55.
To find the principal balance of the loan, we need to calculate the present value of the loan payments. Using the formula for the present value of an ordinary annuity, we can calculate:
PV = PMT × (1 - (1 + r)^(-n)) / r
where PV is the present value (principal balance), PMT is the monthly payment, r is the monthly interest rate, and n is the total number of payments.
a) The principal balance of the loan is:
PV = $7,300 × (1 - (1 + 0.055/12)^(-8*12)) / (0.055/12)
PV ≈ $51,937.45
b) The total amount of interest charged on the loan can be calculated by subtracting the principal balance from the total amount paid over the loan term. The total amount paid is:
Total amount paid = PMT × n
Total amount paid = $7,300 × (12 × 8) = $700,800
Total interest charged = Total amount paid - Principal balance
Total interest charged = $700,800 - $51,937.45
Total interest charged ≈ $648,862.55
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What is the future value of $25,000 invested for 10 years with a rate of return of 8%?
Answers
Answer:
6% on an investment that will return $450,000
Explanation:
if a company believes its sales returns will be material, an adjusting entry for expected returns should be made to which account? multiple choice question. accounts receivable sales discounts sales returns bad debt expense
Answers
If a company believes its sales returns will be material, an adjusting entry for expected returns should be made to the sales returns account.
The sales returns account is a contra-revenue account that records the amount of sales returns or merchandise that customers return to the company. By making an adjusting entry for expected returns to this account, the company can accurately reflect the amount of revenue that is likely to be reduced due to returns in the current accounting period.
An adjusting entry for expected returns should be made to the Sales Returns account. Sales refunds are seen as a counter revenue account because they lower the company's revenue.
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Mila invested $1,800 in a one-year CD earning 3.1% annual interest. How much interest will Mila earn?
Answers
Answer:
the interest mila earned for one year is $55.80.
I apologize if this is wrong I'm not super good with business
the wto reviews national trade policies and encourages countries and companies to reduce or eliminate barriers to trade, including what kinds of things?sales taxesvatcustoms taxesexports
Answers
The World Trade Organization (WTO) reviews national trade policies and encourages countries and companies to reduce or eliminate barriers to trade, including sales taxes, VAT, customs taxes, and exports.
What is the WTO?
The WTO, which was established in 1995, is an international organization that works to promote global trade. Its main goal is to facilitate international trade by encouraging member countries to remove trade barriers and create more open trading conditions. The WTO has 164 member countries.The WTO seeks to eliminate trade barriers such as tariffs and quotas, which are taxes or limits placed on imported goods. These types of barriers make imported goods more expensive and less competitive. The WTO reviews member countries' trade policies to ensure that they are not creating unfair barriers to trade.The WTO encourages countries to reduce or eliminate trade barriers by providing a forum for negotiation and dispute resolution. The organization also provides technical assistance and training to help countries develop their economies and become more competitive in the global market place.The WTO also encourages companies to reduce barriers to trade by promoting best practices in areas such as intellectual property protection and e-commerce.Learn more about the barriers to trade:
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6. How will a court decide whether it should order Berner to refrain from using the term
air door?
Answers
Air curtains are frequently used to keep flying pests, dust, debris, and wind out of a building. Air curtains form an air barrier between the conditioned interior air and the outside air.
What is the purpose of an air door?An air curtain, also known as an air door, is a machine that creates an air seal by blowing a controlled stream of air across an opening to the other side. This seal separates two environments while allowing for a continuous flow of traffic and unobstructed vision through the opening.
To lock or unlock, simultaneously press and hold the left and right arrows for 5 seconds; the Locked light will illuminate. If the PASScode option is enabled, any attempt to unlock the control will result in the display of PASS followed by a 0000 prompt for a four-digit unlock code.
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Shawn wants to determine which species of bacteria and fungi live with bees. In a few sentences, describe a method you might use to identify the microbes.
Answers
Answer:
The essence of the particular issue is outlined in the following subsection on the clarification.
Explanation:
Bacteria including certain Pseudomonas, Pantera, etc., and fungal organisms such as Aspergillus, Cladosporium, as well as Mucor, etc. become studied in corbicular sperm including bee bread contained in colony stores. One can classify the microbes with either the aid including its DNA sequencing process.DNA sequencing would be used to establish the sequence of the components within a limited fragmented of even an organism's DNA. This article evaluates a percent correlation for known organisms through an approved reference database.What is the shape of a perfectly inelastic demand curve?
Answers
A perfectly inelastic demand curve is one where the quantity demanded does not change in response to a change in price.
This means that no matter how much the price of a product increases or decreases, the quantity demanded remains the same. In graphical terms, a perfectly inelastic demand curve is a vertical line, since changes in price do not affect the quantity demanded.
The reason for a perfectly inelastic demand curve is that consumers have no substitute goods or services that they can easily switch to. This can happen when a good is a necessity or when there are no close substitutes available in the market. In such cases, consumers are willing to pay any price for the good, since they have no other options.
It is important to note that perfectly inelastic demand is a theoretical concept and is rarely found in real-world markets. However, some goods such as life-saving medicines, certain types of healthcare, and essential utilities can come close to exhibiting perfectly inelastic demand.
In summary, a perfectly inelastic demand curve is a vertical line that indicates that changes in price do not affect the quantity demanded. This occurs when there are no close substitutes for a good or service.
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In media planning, the cost of the commercial time divided by the program rating is the formula used to calculate:
A)cost per thousand
B)brand index number
C)category development index
D)gross rating point
E)cost per poin
Answers
The formula used to calculate the cost of the commercial time divided by the program rating is the gross rating point (GRP). The correct option is D.
Gross Rating Point (GRP) is a metric used in advertising and marketing to measure the total exposure of a specific advertisement or campaign to a target audience. It is primarily used in traditional media, such as television, radio, and print.
GRP is calculated by multiplying the Reach (the estimated percentage of the target audience that is exposed to the advertisement) by the Frequency (the average number of times the target audience is exposed to the advertisement).
Thus, the ideal selection is option D.
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how did Suzy Batiz failures set her up for success?
Answers
Answer:
I'm not sure
Explanation:
Not enough explanation.
What is a loan???????????
Answers
Answer:
Uhm i did not see the points at first lol im in 6 grade
Explanation:
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed.- WIKEPIDIA
Answer:
yes
Explanation:
QUESTION 2 of 10: Medicare is a government program funded by tax dollars to:
a) Provide health insurance to children
b) Provide health insurance to working adults
c) Provide hospital insurance for those over 65
Answers
in the case of a budget constraint for two normal goods, x and y, an increase in a consumer's income will _____.
Answers
Answer:
-shift the budget constraint to the right
-have the same effect as a decrease in the price of both X and Y
Explanation:
You have commissioned a local survey to see what consumers are most interested in.
Survey Data
78% of survey participants desire a store that offers custom outdoor sports equipment.
9% of participants think an additional coffee shop is needed.
26% of participants say that they purchase coffee on a daily basis.
Based on the survey data, what can be concluded about the market for coffee shops in the area?
According to the survey data, which business likely has the least supply in this town?
Answers
Based on the survey data, what can be concluded about the market for coffee shops in the area?
Saturation has been reached.
According to the survey data, which business likely has the least supply in this town?
Shoe stores
Answer: Based on the survey data, which business will most likely see higher consumer demand? - THE SHOE HUT
Based on the survey data, what may occur if an additional coffee shop is opened? - EXCESS SUPPLY
Explanation: i did the assignment on edge
The government has the most influence over the production of goods and
services in which economic system?
A. Mixed economy
B. Command economy
C. Traditional economy
O D. Market economy
Answers
Answer: command economy
Explanation:
just took test
The government has the most influence over the production of goods and
services in the Command economy system. Hence, option B is appropriate.
What is the meaning of economy?An economy is a region where products and services are produced, distributed, traded, and consumed. It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
Whether an entity is a country or a small town, an economy includes all of the activities connected to the production, consumption, and trade of products and services in that entity. Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it.
The system that determines how limited resources are used to produce and consume goods and services is known as an economy. Resources include the likes of land and people.
Hence, option B is correct.
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if a single firm dominates an industry, this is known as ; if a few large firms share that dominance, this is known as . a monopoly; an oligopoly an oligopoly; a monopoly a monopoly; monopolistic competition pure competition; monopolistic competition
Answers
When a single firm dominates an industry, it is known as a monopoly. On the other hand, when a few large firms share the dominance of an industry, it is referred to as an oligopoly. These terms describe different market structures with varying degrees of competition and concentration of market power.
A monopoly occurs when a single firm has exclusive control over the supply of a product or service in a particular market. This means that there are no close substitutes for the firm's product, and it has significant market power. In a monopoly, the firm can control prices, restrict output, and potentially exploit consumers by charging higher prices or providing lower quality products. Monopolies are often subject to regulatory scrutiny due to their potential negative effects on market competition and consumer welfare.
An oligopoly, on the other hand, is a market structure where a few large firms dominate the industry. In an oligopoly, these firms have substantial market share and the ability to influence market conditions. They may engage in strategic behavior such as price-fixing, collusion, or non-price competition to maintain their market position. Oligopolies can exhibit both competitive and cooperative behaviors, depending on the level of cooperation or competition among the firms. The actions of one firm in an oligopoly can have significant effects on the behavior and decisions of other firms in the market.
In summary, a monopoly refers to a situation where a single firm holds exclusive control over an industry, while an oligopoly represents a market structure in which a few large firms share dominance in the industry. These market structures have different implications for competition, market power, and the potential effects on consumers and the economy.
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QUESTION 2 of 10: Your Maitre'd's starting salary is $38,000/year. You have promised her an 8% raise per year for her first 5 years. What yearly salary be after 5 years? a) $23,725 b) $42,114 c) $49,189 d) $55,834
Answers
Answer:
D) 55,834
Explanation:
A company is trying to choose between 2 short-term courses of action. Alternative #1 will result in incremental operating costs of $4,000 and incremental operating revenue of $7,000. Alternative #2 will result in incremental operating costs of $5,000 and incremental operating revenue of $9,000. The incremental operating income of Alternative #2 over that of Alternative #1 is $
Answers
The incremental operating income of Alternative #2 over that of Alternative #1 is $1,000.
To find the incremental operating income of Alternative #2 over that of Alternative #1, we need to calculate the operating income for both alternatives and then find the difference between them. Here's a step-by-step explanation:
Operating Income = Incremental Operating Revenue - Incremental Operating Costs
1. Calculate the operating income for Alternative #1:
Incremental Operating Revenue: $7,000
Incremental Operating Costs: $4,000
Operating Income (Alternative #1) = Incremental Operating Revenue - Incremental Operating Costs = $7,000 - $4,000 = $3,000
2. Calculate the operating income for Alternative #2:
Incremental Operating Revenue: $9,000
Incremental Operating Costs: $5,000
Operating Income (Alternative #2) = Incremental Operating Revenue - Incremental Operating Costs = $9,000 - $5,000 = $4,000
3. Calculate the incremental operating income of Alternative #2 over that of Alternative #1:
Incremental Operating Income = Operating Income (Alternative #2) - Operating Income (Alternative #1) = $4,000 - $3,000 = $1,000.
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Mega corp.has $10,000 in net income and $40,000 in sales. What is mega corp.’s profit margin?
a. 4%
b. 20%
c. 25%
d. 400%
e. 100%
Answers
Profit margin is 25%
Given net income is $10,000 and sales is $40,000.
Cost = Sales - net income
=$40,000-$10,000
=$30,000
Profit margin to be computed.
Profit margin measures how much the money a firm or the business activity produces by dividing income by the revenues. Profit margin, given as a percentage, is basically the number of cents earned for every dollar of the sales.
Profit margin is computed with the formula given below:
Profit margin= Revenue-Cost / Revenue
= $40,000- $30,0000/ $40,000
= 0.25
=25%
Therefore, the correct option of the profit margin is c. 25%.
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What is an accurate definition of experience?
the collection of things a person has done
a natural ability a person is born with
a subject a person would like to learn more about
the factors that have influenced a person throughout life
Answers
Answer: A)the collection of things a person has done
Explanation: just answered it EDGE 2021
Answer:
A on edge
Explanation:
You have been hired as the new controller for the Radiance Company. Shortly after joining the company in 2024, you discover the following errors related to the 2022 and 2023 financial statements: a. Inventory at December 31,2022 , was understated by $6,000b. Inventory at December 31,2023 , was overstated by$9,000c. On December 31,2023 , inventory was purchased for $3,000. The company did not record the purchase until the inventory was paid for early in 2024. At that time, the purchase was recorded by a debit to purchases and a credit to cash.
Answers
These errors need to be corrected to ensure the accuracy of the financial statements. An adjustment of $6,000 needs to be made to increase the inventory balance at the end of 2022, an adjustment of $9,000 needs to be made to decrease the inventory balance at the end of 2023, and a journal entry needs to be made to record the inventory purchase of $3,000 in 2023.
Here's a step-by-step explanation to address the errors you've mentioned:
1. Inventory at December 31, 2022, was understated by $6,000:
To correct this error, you need to increase the inventory balance at December 31, 2022, by $6,000. This will also require an adjustment to the retained earnings balance for 2022.
2. Inventory at December 31, 2023, was overstated by $9,000:
To correct this error, you need to decrease the inventory balance at December 31, 2023, by $9,000. This will also require an adjustment to the retained earnings balance for 2023.
3. Inventory purchased for $3,000 on December 31, 2023, was not recorded until paid for in 2024:
To correct this error, you need to record the inventory purchase in the 2023 financial statements. You should debit inventory and credit accounts payable for $3,000 on December 31, 2023. Then, when the payment is made in 2024, you should debit accounts payable and credit cash for $3,000.
By following these steps, you can correct the errors related to the 2022 and 2023 financial statements for the Radiance Company.
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You just won the lottery. congratulations! the jackpot is $10,000,000, paid in eight equal annual payments. the first payment on the lottery jackpot will be made today. in present value terms, you really won —assuming annual interest rate of 8.00%.
Answers
Answer:
An annuity that pays $1,000 at the beginning of each year
PTM of the annuity selling for 2,541.15 $ 437.50
Present value of the Jackpot: $62,063,701
Explanation:
Because is at the beginning, the 1,000 will be generating interest right away.
So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.
In what way can using a credit card be like getting an interest free loan?.
Answers
Using a credit card is similar to an interest free loan because it allows to pay ones balance off before one's card's introductory offer ends.
What is credit card?A credit card serves as a card that allows cardholders to borrow funds and it is been issued by bank or financial services company.
This card is similar to having interest free loan because one can actually pay off a parti balance before the end of a card's introductory offer.
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Help me please ASAP.
Answers
your answer is D because i took the test a couple of days back