Explain the difference between Brokers and Dealers?

Learning Goal: I’m working on a finance case study and need an explanation and answer to help me learn.Instructions – PLEASE READ THEM CAREFULLY This assignment is an individual assignment.
The Assignment must be submitted only in WORD format via the allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented. This also includes filling in your information on the cover page.
Students must mention question numbers clearly in their answers.
Late submitted assignments will NOT be entertained.
Avoid plagiarism; the work should be in your own words; copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Instructions – PLEASE READ THEM CAREFULLY
– please use your own words no plagiarism
– All answered must be typed using Times New Roman (size 12, double-spaced)
– Please must mention question number clearly in answer.
– I want answer with APA reference, References at least 5.
– The Answer should be with total 1200 to1500
Submissions without this cover page will NOT be accepted. Assignment Questions:(Marks: 05) Q1. XZY has net sales of 5,320,140; net income of 2,145,700; cost of goods sold 1,300,000; and EBIT 2,200,000. Calculate the gross profit and the operating profit margin for the firm. (Show your calculations) (1 Mark)- Ch 4 Q2. Prepare a common sized Balance Sheet for the below Balance sheet? (Show your calculations) (1 Mark)- Ch 4 Cash 21,000 Acct/Rec 52,000 Inventories 200,500 Current assets 273,500 Net fixed assets 132,000 Total assets 405,500 Accts/Pay 22,800 Accrued expenses 21,000 Short-term N/P 8,700 Current liabilities 52,500 Long-term debt 150,000 Total liabilities 202,500 Owner’s equity 203,000 Total liabilities and owners’ equity 405,500 Q3. ABC company generated total sales of $32,565,420 during fiscal 2021. Depreciation and amortization for the year totaled $1,278,120, and cost of goods sold was $21,400,000. Interest expense for the year was $6,341,250 and selling, general, and administrative expenses totaled $2,556,610 for the year. If the company’s tax rate was average 30 percent, what is its net income after taxes? (Show your calculations) (1 Mark)- Ch 3 Q4. BBB company had cash and marketable securities worth $400,134 accounts payables worth $2,490,357, inventory of $1,321,500, accounts receivables of $2,188,128, short-term notes payable worth $120,000, other current liabilities of 200,000, and other current assets of $521,800. What is the company’s net working capital? (Show your calculations) (1 Mark)-Ch 3 Q5. In your own words, explain the difference between Brokers and Dealers? (Show your calculations) (1 Mark)-Ch 2
Requirements: at least two pages

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