Gloria McPuck is an agent/stockbroker for her broker-dealer, Maple Leaf Securities, a Canadian Broker-Dealer. A long time friend and sorority sister, Mary Applepie, lives in Detroit, Michigan. Gloria and her broker-dealer are properly registered in Canada and have limited registrations in Michigan. Maple Leaf Securities does not have an office in Michigan. Gloria is prospecting for new customers and calls Mary in Michigan to offer her services and to tell her about an exciting investment opportunity. Which of the following statements about Glorias' activities are true?

[A] Her activities are proper and do not violate the law.
[B] Her activities are improper and violate the law.
[C] Her activities are improper but no not violate the law if Mary does not object.
[D] Her activities are proper because Mary is a long time friend.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.

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