Are fringe benefits direct or indirect costs?

June 30, 2024 No Comments

A: Almost any non-salary benefit provided by an employer to an employee is considered a “fringe” benefit. These benefits can include insurance, a company car, or employee discount, etc. While there are some exceptions, fringe benefits are usually a direct cost to the business in

Bob is a registered representative who recently left ABC Securities and has now registered with PDG …

June 30, 2024 No Comments

Q: Bob is a registered representative who recently left ABC Securities and has now registered with PDG Securities. At the time he resigned from ABC, he had unpaid commissions totaling $5,000. After repeated inquiries and several months, Bob still has not been paid, nor has

Can I still pass the CFA Level I if I do poorly in the ethics section?

June 30, 2024 No Comments

A: You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don’t count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with

Can LLCs have employees?

June 30, 2024 No Comments

A: A limited liability corporation (LLC) can have an unlimited number of employees. An employee is defined as any individual who is hired for wages or salary. There is a distinction between employees, who work for the company, and independent contractors, who do not. Steps

Do financial advisors get drug tested?

June 30, 2024 No Comments

A: Financial advisors are not drug tested by any federal or state regulatory body. This means you may receive your Series 6, Series 7, Series 63 and Series 65 licenses without undergoing drug screening. That said, many employers who hire financial advisors require them to

Do financial advisors have to be licensed?

June 30, 2024 No Comments

A: Financial advisors must possess various securities licenses in order to sell investment products. The specific products an advisor sells, as well as the method by which he receives compensation, determine which licenses he is required to obtain. Common licenses held by financial advisors include

Do real estate agents need a degree?

June 30, 2024 No Comments

A: Required education or training for real estate agents career Most often, an academic degree is not required to become a real estate agent but completing college does help potential career seekers in the field stay competitive and relevant. Instead of a degree, a license

Does working capital include salaries?

June 30, 2024 No Comments

A: A company accrues unpaid salaries on its balance sheet as part of accounts payable, which is a current liability account, so they count towards the calculation of the company’s working capital. However, the company would not record paid salaries as current liabilities, so they

How are asset management firms regulated?

June 30, 2024 No Comments

A: In principle, the asset management industry is largely governed by two bodies: the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). However, in practice, there is overlap between these and other agencies; the regulatory picture facing a particular firm can

How are labor demand forecasts made in human resources planning?

June 30, 2024 No Comments

A: Human resources planning can use qualitative and quantitative approaches to forecasting labor demand. Quantitative methods rely on statistical and mathematical assessment, such as workforce trend analysis or econometric calculation. Qualitative forecasts use managerial judgement on a more individual basis, spotting needs internally and then

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