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hjlf
1 year ago
13

A customer makes a purchase of $22,100 of acme income fund in her margin account. the customer must deposit: _________

Business
1 answer:
Basile [38]1 year ago
6 0

The correct option is (D) $22,100.

A client adds $22,100 worth of an income fund to her margin account. The client must make a deposit of $22,100.

<h3>What are mutual funds?</h3>

A mutual fund is a company that pools funds from numerous sources and invests them in securities such as stocks, bonds, and payday loans. The portfolio of a mutual fund refers to all of its investments. Mutual fund shares are purchased by investors.

Mutual funds operate by combining the funds of numerous investors. Following that, stocks, bonds, and other securities are bought with that money. Mutual funds give investors immediate diversification (and a lowered risk level) because they invest in a variety of businesses.

Since mutual fund shares are new issues sold with a prospectus, the whole purchase price must be made at the time of purchase. The position becomes marginable and has a loan value after 30 days of being kept in the account.

To know more about mutual funds, visit:

brainly.com/question/9965923

#SPJ4

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he results for the variable gender show that ______. Multiple Choice gender and months of service are correlated females average
marusya05 [52]

Answer:

The correct option is:  Males average $222.78 more than females in monthly salary ,

Explanation:

The results for the variable gender show that Males average $222.78 more than females in monthly salary  because the coefficient for gender is 222.78 and male is coded as gender = 1. Therefore, male's average salary is $222.78 more than female's average salary.

7 0
3 years ago
Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of
iogann1982 [59]

Answer:

Wolsey Industries Inc.

A. Estimated Income Statement for year ended December 31, 2016

Sales Revenue                                           $4,320,000

Cost of goods sold                                      3,062,000

Gross profit                                                $1,258,000

Expenses:

7. Sales salaries and  commissions 326,000

8 Advertising                                      40,000

9 Travel                                               12,000

10 Miscellaneous selling                    34,600

11 Administrative expenses:

12 Office and officers’ salaries       132,000

13 Supplies                                       118,000

14 Miscellaneous administrative      40,400  $703,000

Net income                                                    $555,000

B. Expected Contribution Margin ratio = 25%

C. Break-even sales in units and dollars:

Sales in units:  13,125

Sales in dollars:  $2,100,000

D.  The break-even sales is 13,125 units and $2,100,000

E. The expected margin of safety:

Sales dollars:   $2,220,000

Percentage of Sales: 48.6% ($2,100,000/$4,320,000)

F. Operating leverage: = Contribution/Net operating income

= $1,080,000/$555,000 = 1.95

Explanation:

a) Data and Calculations:

1                                                 Estimated           Estimated

                                                 Fixed Cost     Variable Cost (per unit sold)

2 Production costs:

3 Direct materials                             —                  $46.00

4 Direct labor                                    —                    40.00

5 Factory overhead                $200,000.00          20.00

6 Selling expenses:

7 Sales salaries and

commissions                               110,000.00            8.00

8 Advertising                               40,000.00             —

9 Travel                                        12,000.00             —

10 Miscellaneous selling

expense                                         7,600.00             1.00

11 Administrative expenses:

12 Office and officers’ salaries 132,000.00               —

13 Supplies                                  10,000.00             4.00

14 Miscellaneous administrative

expense                                      13,400.00              1.00

15 Total                                 $525,000.00       $120.00

Selling price per unit = $160

Sales volume = 27,000 units

Sales revenue = $4,320,000 ($160 * 27,000)

Variable production cost = $106 per unit

Total variable production costs = $2,862,000 ($106 * 27,000)

Fixed production cost =                     200,000

Total production cost =                $3,062,000

                                                   Total          Per Unit

Sales revenue =                    $4,320,000    $160

Variable production costs = $2,862,000      106

Variable expenses                     378,000         14

Total variable costs              $3,240,000    $120

Contribution =                       $1,080,000      $40

Contribution margin ratio = 25% ($40/$160 * 100)

Total fixed costs:

Production costs = $200,000

Selling and admin = 325,000

Total fixed costs = $525,000

Break-even point = Fixed costs/Contribution margin per unit

= $525,000/$40 = 13,125

Break-even point in dollars = $525,000/25% = $2,100,000

7. Sales salaries and  commissions 326,000  (110,000.00 + (27,000 * 8.00))

8 Advertising                                      40,000

9 Travel                                               12,000

10 Miscellaneous selling

expense                                             34,600 (7,600.00 + (27,000 * 1.00))

11 Administrative expenses:

12 Office and officers’ salaries       132,000

13 Supplies                                       118,000 (10,000.00 + (27,000 * 4.00))

14 Miscellaneous administrative

expense                                          40,400 (13,400.00 + (27,000 * 1.00))

5 0
3 years ago
PLs, HELP URGENT! Will give brainiest for a proper answer!
lord [1]

Answer:

D. Has more money for research and development

Explanation:

8 0
3 years ago
Read 2 more answers
In a capitalist system, prices are controlled by A. the law of supply and demand. B. the Federal Reserve Board. C. the consumer
GrogVix [38]
A) the law of supply


i am in a business class about to go to college to major in business :)
3 0
2 years ago
Preparing a trial balanceSmithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear i
Triss [41]

Answer:

                                             Smithson Floor Coverings

                                                       Trial Balance

                                        As at 31st December 31, 2018

<u>Account                                                              Dr ($)                       Cr($)           </u>

Revenue                                                                                              26,000

Salaries Payable                                                                                  25,000

Equipment                                                          36,000

Salaries Expense                                                  1,600

Rent Expense                                                     17,000

Cash                                                                      7,000

Common Stock                                                                                     24,000

Accounts Receivable                                            3,600

Accounts Payable                                                                                 2,200

Interest Payable                                                                                    6,000

Dividend                                                                16,100

Utilities Expense                                                   <u> 1,900   </u>                  <u>             </u>

                                                                            <u> 83,200  </u>                  <u> 83,200</u>

Explanation:

In accounting, liability, Income and equity items have credit balances while assets and expenses have debit balances.

With that background, Start by picking balance relating to income and post them to the credit side of the trial balance, like revenue.

After that, pick balance relating to liability post them to the credit side of the trial balance, like trade payable.

Then pick balance relating to equity item, post them to the credit side of the trial balance, like common stock.

After this, pick items relating to asset and post them to the debit side of the trial balance, like trade receivables. Then, pick items relating to expenses and then post them to the debit side of the trial balance.

At the end, all income, liability and equity item balances are posted to the credit side of the trial balance while assets and expenses item balances are posted to the debit side.  And two sides balance.

Remember the purpose of a trial balance is to check the arithmetical accuracy of ledger balances and that was exactly what was done above.

5 0
3 years ago
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