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NEW QUESTION: 1
Which of the following persons falls under the definition of "broker-dealer," as defined by the Uniform
Securities Act (USA)?
A. MyTrades is a sole proprietorship owned by Nathan Newmoney, who has established the firm solely to
make trades on his own account, thereby avoiding the commissions he would have to pay a middleman.
B. Michaela is employed by GetErDone broker-dealers and sells both exempt and non-exempt securities
to GetErDone's clients.
C. Marge is a loan officer at Treadwater Bank and Trust.
D. Juan is employed by TrustUs Corporation to sell shares of the firm's stock to the firm's employees and
receives a commission on the shares he sells.
Answer: A
Explanation:
MyTrades falls under the definition of "broker-dealer," as defined by the Uniform Securities
Act since Nathan Newmoney is engaged in trading on his own account. The USA defines a broker-dealer
as any person that conducts securities transactions on its own account or for others. Both Juan and
Michaela are "agents" under the USA definition, and agents are specifically excluded from the definition of
a broker-dealer. Marge is also excluded from the definition since she is a loan officer at a bank.

NEW QUESTION: 2
In order to calculate a simple monthly capitation payment, the Argyle Health Plan used the following information:
The average number of office visits each member makes in a year is two
The FFS rate per office visit is $55
The member copayment is $5 per office visit
The reimbursement period is one month
Given this information, Argyle would correctly calculate that the per member per month (PMPM) capitation rate should be
A. $10.00
B. $9.17
C. $8.33
D. $4.17
Answer: C

NEW QUESTION: 3
You have updated a cost category price from $5.00 to S7.00. You process a production order which uses the cost category. After ending the order, you realize a new standard cost was not calculated after the price update.
You need to validate how this impacted the financial voucher transactions. What transaction would you see in the general ledger?
A. $2.00 debit to the production price variance account
B. $2.00 credit to the lot size variance account
C. $2.00 credit to the production price variance account
D. $2.00 debit to the production quantity variance account
Answer: A