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1 year ago

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.

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The modified accelerated cost recovery system (MACRS):Multiple ChoiceIs required for financial reporting.Does not allow partial

fredd [130]

Answer:

Therefore, the modified accelerated cost recovery system (MACRS): is included in the U.S. federal income tax rule for depreciating assets.

Explanation:

The U.S. federal income tax rules for depreciating assets is the modified accelerated cost recovery system (MACRS). It is the current system allowed in the nation of the United States for tax computation deductions on account of depreciation for depreciable assets (other than intangible assets).

Therefore, the modified accelerated cost recovery system (MACRS): is included in the U.S. federal income tax rule for depreciating assets.

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3 years ago

Consider the relationship between the AE curve and the AD curve. A rise in the amount of desired consumption, investment, gover

Rudiy27

Answer:

The response options are:

B) real national income and AE.

C) AD and real national income.

D) the price level and desired consumption.

E) the price level and the equilibrium level of demand-determined national income.

The correct answer is: E) the price level and the equilibrium level of demand-determined national income.

Explanation:

Aggregate demand is the total planned or desired expenditure in the economy as a whole in a given period. It is determined by the aggregate price level and by factors such as investment, public spending and money supply.

COMPONENTS OF THE ADDED DEMAND:

Consumer expenses of domestic economies. It is the main component of aggregate demand.

Investment expenditure of companies or domestic economies. It refers to the increase in the physical capital stock, including the accumulation of stock of companies.

Purchases of goods and services for public service. Component

important, includes, for example, national defense expenses, salaries of officials, infrastructure, construction, etc.

Foreign demand (international trade). They are net exports exports - imports). It is a component of the total demand for the goods of an economy. The trade flows of a country are an engine that drives the economy to better product levels.

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3 years ago

All of the following situations contribute to the need for a company to recognize deferred revenues, except for:

blondinia [14]

Answer: C) mutually unexecuted contracts between buyers and sellers.

Explanation:

Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.

In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.

This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.

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3 years ago

Hay, Straw and Clover formed the HSC Partnership, agreeing to share profits and losses equally. Clover will manage the business

Sergeeva-Olga [200]

Answer:

D. Ordinary Income: $20,000 , Guaranteed payment: $30,000

Explanation:

Ordinary Income refers to that part of income which is classified under salaries, wages or net income in case of Partnership. Such income is taxable at ordinary rates.

Net income refers to income arrived at after deduction of all expenses and taxes from profits. In case of partnership, profits and losses are distributed in agreed profit sharing ratio as per the clause in partnership deed.

In the given case,

Net Income before adjusting guaranteed payment to Clover: $90,000

Less: <u>Guaranteed payment to Clover</u>: <u>($30,000)</u>

Ordinary Income/Net Income for all 3 partner's $60,000

Clover's share in ordinary income is one third i.e $20,000

Clover's guaranteed payment $30,000

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3 years ago

Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor co

BaLLatris [955]

Answer and Explanation:

The computation is shown below:

Labor efficiency variance = Labor spending variance+Labor rate variance

= $450 + $500

= $950U

Now as we know that

Labor efficiency variance = SR × (AH-SH)

950 = $38 × (AH - 58 × 2.50)

950 = $38 × (AH - 145)

25 = AH - 145

AH = 145 + 25

= 170

Actual labor hours = 170 hours

Labor rate variance = AH × (SR-AR)

450 = 170 × ($38 - AR)

2.65 = 38 - AR

AR = 38 - 2.65

= $35.35

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3 years ago