Which of the following accounts will be closed by debiting the Income Summary account?

Compute the NPV of this project if the company's discount rate is 12%

Artie's Soccer Ball Company is considering a project with the following cash flows: Initial outlay = $750,000 Incremental after-tax cash flows from operations Years 1-4 = $250,000 per year A) $9,337 B) $7,758 C) $4,337 D) $2,534

What aspect of the brokerage firm operational model can benefit the broker at the expense of the client?

A) Brokers can execute limit sell orders at higher than the stipulated order price and keep the difference. B) Brokers can utilize insider trading knowledge to manipulate client trades for their own benefit. C) Brokers can earn extra commissions by recommending clients make unnecessary transactions. D) Brokers can avoid sending prospectuses for buy-and-hold stocks that would limit their transaction commissions. E) Brokers can upsell clients for expensive secondary services such as tax advice.