Net worth requirement - Study guides, Class notes & Summaries

SIE exam caril: complete study guide Q-bank answered latest spring 2023. What type of risk is unique to a specific industry, business enterprise, or investment type? - Under which of the following circumstances is an investor in a position to acquire stock? - Options- a premium - Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the sto...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? Ans: $500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include Ans: information on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? Ans: Protect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund Ans: the...

Financial Services Commission The governor and cabinet who select two officials to regulate banking, securities, and insurance Division of Finance Department responsible for licensing, examining and regulating non-depository financial services companies in Florida Bureau of Finance Regulation Conducts examinations of the books and records of mortgage brokers, mortgage brokerage businesses and mortgage lenders to ensure compliance Bureau of Money Transmitter Regulation Co...

According to the Securities Exchange Act of 1934, which of the following is NOT required to be included on the confirmation for a bond trade? ☑: Disclosure of the bond's rating Although a bond's rating is not required to be included on a confirmation, if the bond is unrated, this fact must be disclosed. A bond's price and its yield-to-maturity at the time of the trade must be disclosed on a confirmation. A registered investment adviser is normally required to post a surety bond to s...

FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) Question 1 Answer saved Marked out of 1.00 Question 2 Answer saved Marked out of 1.00 Question 3 Answer saved Marked out of 1.00 QUIZ The definition of a liability is: A. A future economic resource controlled by a reporting entity as a result of a past event. B. A future economic resource controlled by a reporting entity as a result of a future event. C. A present economic resource controlled by a reporting entity as a result of a pa...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - $500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - information on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - Protect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund - the contractor...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - ANSWER$500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - ANSWERinformation on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - ANSWERProtect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund...

How long does Self-Insurance Plans have to notify you that your application for self-insurance is deficient? 14 days SOLVENCY REQUIREMENT PRE 2017: Prior to 2017 the solvency requirement in &1503.2 for private self-insurers was: - $5 million net worth - Average net profits of $500,000 - For the past 5 years Also known as "The Five, Five and Five Rule." You are applying for a master certificate after July 1, 1994. What is the amount of net worth and net income needed to qualify for self-ins...

Name Clas Dat : s: e: CHAPTER 01—THE BUSINESS OF BANKING 1. A bank is a not-for-profit organization. a. b. True False False 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 ANSWER: POINTS: LEARNING OBJECTIVES: 2. All federally chartered banks must be corporations. a. True ANSWER: POINTS: LEARNING OBJECTIVES: b. False True 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 3. Commercial banks offer their services only to businesses. ANSWER: POINTS: LEARNING OBJECTIVES: 5. Issuing credit cards is ...

HRB FINAL EXAM QUESTIONS AND ANSWERS ALREADY PASSED What is the Difference between earned income and unearned income? Earned income is received for services performed. Examples are wages commissions, tips and generally farming and other business income . Taxable income other than that received for services performed. Unearned Income includes money received ro the investment of money or other property, such as interest, dividends, and royalties. It also includes pensions alimony, unemploy...