Answer:
Raw materials purchases cost for May 10,160
Explanation:
May production
sales 2,470
ending 2,130
beginning <u> (2,200) </u>(ending of April)
<em>units to be produced 2,400</em>
Raw material budget
production needs 2,400
desired ending inventory
2,600 x 70% = 1,820
beginning inventory
may production x 70%
2,4000 x 70% = (1,680)
total raw materials purchase 2,540
It will puchase raw materials for 2,540 units. Each units require $4 of raw materials.
total cost for raw materials:
2,540 x $4 = 10,160
Answer:
The correct answer is: All of the above are considered institutional communication clients.
Explanation:
According to the Financial Industry Regulatory Authority (<em>FINRA</em>), an institutional communication refers to one that is attributed to an institutional investor such as a <em>bank, savings, and loan, an insurance company, a registered investment company or adviser, an employee benefit plan with a minimum of one hundred (100) participants, a government entity or a person with at least $50 million of assets for investment</em>.
Answer:
The correct answer is letter "B": Experienced driver with a good driving record.
Explanation:
Insurances do take into consideration the level of risk individuals represent according to the type of coverage they apply for. While talking about car insurance, <em>an experienced driver with a good driving record represents a minimum risk for the company, thus, the individual will likely pay a lower premium than someone who has had several vehicle accidents with a negative driving history.</em>
The answer is trading security.
A corporation that trades securities buys them with the intention of making a quick profit.
Companies will only invest if they think there is a good chance they will be compensated for the risk they are taking because they do not intend to hold such securities for an extended period of time.
If a corporation finds an undervalued security and wishes to take advantage of the chance, it may decide to speculate on various debt or equity assets.
Debt securities and equity securities are both included in the category of securities known as trading securities.
Hence, in the given case where Strickland Corporation has invested in debt securities. Strickland intends to actively buy and sell this investment for profit. This investment is classified as trading security.
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