Business, 22.12.2020 02:00 wangf123

A portfolio manager at an investment firm is responsible for handling the account of a particular corporate client. The client want to pay the manager a $100K bonus over and above his regular compensation from the investment firm if the manager achieves an 18% annual return on the account. To comply with the Code and Standards, the manager:A. can accept this offer as long as he discloses the arrangement to his employer and receives permission to accept. B. cannot accept this offer because it will interfere with his independence and ability to be objective regarding investment decisions and recommendations. C. can accept this offer and must disclose the bonus to his employer only if he actually receives it.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 19:00

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

Answers: 2

Answer

Business, 22.06.2019 19:50

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?

Answers: 2

Answer

Business, 22.06.2019 20:00

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?

Answers: 2

Answer

Business, 22.06.2019 20:40

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.

Answers: 2

Answer

You know the right answer?

A portfolio manager at an investment firm is responsible for handling the account of a particular co...

Questions