An investment adviser representative (iar) is engaged in options trading. the iar decides that a fair charge for his services would be 7% per month of the assets under management. in order to do so, the iar will disclose all fees and charges in both the advisory contract, signed by clients, and form adv. the iar thinks that by the dual disclosure, he is acting appropriately. is the iar acting appropriately

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.