COCO SOLUTIONS ACADEMIC STORE

A custodian bank will typically look after securities on behalf of which of the following: - Fund managers, pension funds and insurance companies - Pension funds and insurance companies only - fund managers and pension funds only - insurance companies and fund managers only - Answer Fund managers, pension funds and insurance companies Which of the following are regarded as rivals to traditional stock exchanges? - exchange traded funds - multilateral trading facilities - over-...

ABI - Answer Association of British Insurers ACD - Answer Authorized Corporate Director ADR - Answer American Depositary Receipt AFM - Answer Authorized Fund Manager AIFM - Answer Alternative Investment Fund Manager AIFMD - Answer Alternative Investment Fund Managers' Directive APR - Answer Approved Persons Regime ARM - Answer Approved Reporting Mechanism AUT - Answer Authorised Unit Trust BBA - Answer British Bankers' Association ...

UKMAR - Answer EU Market Abuse Regulation - onshored as part of Brexit; enhances existing criminal and civil liabilities Civil vs Criminal - Answer Insider dealing and market manipulation; criminal offences, involve prison time, suspects brought before judge Market abuse; civil offence, punishment decided by regulator Insider Dealing - Answer Illegal buying/selling of securities using insider knowledge. Info must: - - not be available to general public - - be price sensitiv...

It applies to firms trading on behalf of their clients, eg investment managers. Chpt 4 Q 19: What is the purpose of the suitability rules? - Answer To ensure personal recommendations (or decisions to trade) are suitable for the client's needs. Chpt 4 Q 20: What is the appropriateness test? - Answer To provide protection for non-advised transactions.

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Sphere Company produces two products, Alpha and Beta. Alpha is a high-volume item totaling 20,000 units annually. Beta is a low-volume item totaling only 6,000 units per year. Alpha requires one hour of direct labor for completion, while each unit of Beta requires 2 hours. Therefore, total annual direct labor hours are 32,000 (20,000 + 12,000). Expected annual manufacturing overhead costs are $640,000. Sphere uses a traditional costing system and assigns overhead based on direct labor hours. Eac...

What are the three major activities? - Answer 1 Planning 2 Directing and motivating 3 Controlling Planning - Answer Involves establishing a basic strategy, selecting a course of action, and specifying how the action will be implemented. Identify alts and select the best that fits the org's strategy and objectives. Directing and Motivating - Answer involves mobilizing people to carry out plans and run routine operations Controlling - Answer involves ensuring that the ...

Managerial Accounting - Answer concerned with providing information to managers within an organization so that they can formulate plans, control operations, and make decisions. Direct Costs - Answer Costs that can be easily and conveniently traced to a specified cost object. indirect costs - Answer Costs that cannot be easily and conveniently traced to a specified cost object. classification of manufacturing costs - Answer direct materials, direct labor, manufacturing overh...

Simple Rate of Return Formula - Answer Annual incremental net operating income/ initial investment Simple Rate of Return - Answer -focuses on accounting net operating income: if new equipment is replacing old then the initial investment is the cost of the new equipment - any salvage value from the old. -DOESNT consider the time value of money: will not be an accurate guide to the probability of an investment project Relevant cost - Answer a cost that differs between alternatives:...

Which one is not one of the three major elements of product costs? A) direct materials B) variable costs C) direct labor D) manufacturing overhead - Answer B) variable costs Which cost is not a period cost? A) the salary of the company president's secretary B) janitorial service for factory offices C) depreciation of an office copy machine D) sales commissions E) the cost of a general accounting office - Answer B) janitorial service for factory offices The variable c...

Prime Cost - Answer Direct Materials + Direct Labor Conversion Cost - Answer Direct Labor + Manufacturing Overhead Product Cost - Answer Direct Materials + Direct Labor + Manufacturing Overhead Period Cost - Answer Selling Expense + Admin Expense Variable Manufacturing Cost - Answer Direct materials + Direct labor + Variable manufacturing overhead examples of manufacturing overhead - Answer indirect materials, indirect labor, depreciation of manufacturing equipme...

Master Budget - Answer The master budget communicates management's plans throughout the organization, allocates resources, and coordinates activities. What are budgets used for? - Answer planning and control Planning - Answer involves developing goals and preparing various budgets to achieve those goals Control - Answer gathering feedback to ensure plan is properly executed or modified as factors of change occur What are budgets/framework - Answer is a detailed quan...

flexible budget - Answer takes into account changes in cost due to changes in an activity. tells what costs or revenue it should have been for a given lvl of activity good for -measure performance -identify discrepancies between budget & actual costs unlike a planning budget where has set lvl of activity at start of period (static planning). is good for -planning but not evaluating performance (unless similar to both) how flexible budget works - Answer compare what actually...

Prime Costs - Answer Direct Materials + Direct Labor Conversion Costs - Answer Direct Labor + Manufacturing Overhead Cost of Goods Manufactured - Answer Beg. WIP+ Direct Materials + Direct Labor + Manufacturing Overhead - End WIP Finished Goods - Answer Beg. WIP + Direct Materials + Direct Labor + Manufacturing Overhead - End WIP Cost of Goods Sold - Answer Beg. Finished Goods + Cost of Goods Manufactured - Ending Finished Goods Raw Materials used in Production - An...

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In regards to technology and the ACA, which of the following is true? - Answer States which operate with an exchange must offer an internet-based portal the time after issuing a policy during which an insurance company my contest a life insurance claim due to the statements on an application is - Answer 2 years In New York, a group accident and health certificate of insurance must contain - Answer a summary of policy features and benefits Starting in 2016, businesses with up to...

What type of whole life insurance policies only requires a payment of premium at its inception, and in addition to providing insurance protection for the life of the insured, endows at the insured's age 100? - Answer Single premium whole life A whole life policy that requires that the policyowner only pays premiums for a specified number of years is known as what kind of policy? - Answer Limited pay whole life An individual has just borrowed $10,000 on a five year note from his ba...

Provisions - Answer stipulate the rights and obligations of an insurance contract and are fairly universal from one policy to the next. Riders - Answer modify provisions that already exist and are used to increase or decrease policy benefits and premiums. Options - Answer offer insurers and insureds ways to invest or distribute a sum of money available in a life policy. Ownership - Answer the parties to the insurance contract are the insurer, the policy owner, the insured an...

The primary purpose of a rating service company is... - Answer to determine the rated insurance company's financial strength The accounting measurement of an insurer's future obligations to its policyholders is called its... - Answer reserves Indicates a company's ability to make unpredictable payouts. - Answer Liquidity A nonparticipating company is sometimes called a(n)... - Answer A stock insurer is referred to as a nonparticipating company because policyholders ...

According to the Affordable Care Act, any plan in existence prior to which date is considered a grandfathered plan? - Answer March 23, 2010 Which of these factors help determine an insured's life insurance premium? - Answer avocation (hobby) Long-Term Care policies may provide coverage for claims arising from - Answer senile dementia When replacing a life insurance policy, an agent must provide the applicant with a - Answer Notice Regarding Replacement All of the follo...