In this case, Charlie could benefit financially because <span>Charlie can earn interest on his original deposit.
One of the things that Bank used to attract saving from the people is by offering interest rates for the total saving amount. Which means, the amount of money that Charlie deposited in the bank will grow in value based on the the rates that appointed by the bank (minus the service charge)</span>
Answer:
In this instance, Alan was using the <u>"arbitrary approach".</u>
Explanation:
Arbitrary approach is a technique or method which is used to determining the budget which is used for advertising. This is the approach which is used most widely and in this approach the CEO tells or specifies that how much budget we can use for advertising for the coming year or specific period of time.
Answer and Explanation:
The computations are as follows
a. For basic earning per share
= Net income ÷ Average number of outstanding common shares
= ($16,888 - $1,483) ÷ 10462.282 shares
= $1.47 per share
b. Preferred stock dividends = Net income - Net income applicable to common shareholders
= $4,833 - $4,211
= $622
c. The net income applicable to common shareholders is
= Average number of common shares outstanding × Basic earning per share
= 10,527.818 × $0.40
= $4,211
d. The net income is
= Preference stock dividend + Net income applicable to common shareholders
= $1,349 + $10,583
= $11,932
e. Average number of common shares outstanding is
= Net income for common shareholders ÷ basic earning per share
= $10,583 ÷ $0.94
= $11,258.51
We simply applied the general formulas
Answer:
65 percent
Explanation:
Given that,
Value of investment:
= Shares purchased × Price per share
= 500 × $33
= $16,500
Initial margin = Cash ÷ Investment
= $10,725 ÷ $16,500
= 0.65 or 65%
Therefore, the initial margin requirement on this particular stock is 65 percent.
A contract entered into between the parties by words is called AN EXPRESS CONTRACT.
An express contract is an exchange of promise between at least two parties wherein the agreed terms are expressed either orally or in writing at a time it is made. Express contract may also be both oral and written at the same time.