All categories

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.

To know more about mutual funds, visit:

brainly.com/question/9965923

#SPJ4

You might be interested in

Eleanor takes several high-cost prescription drugs. She would like to enroll in a standalone Part D prescription drug plan that

Fiesta28 [93]

A ....................

3 0

3 years ago

Read 2 more answers

Maker-Bot Corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. No di

AleksandrR [38]

Answer:

D) $130,000

Explanation:

We can compute this by calculating the total dividends payable to preferred stock holders each year.

Dividends payable = 10,000 * 90 * 0.10 = $90,000

Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000

So common share in dividend = Total paid - Preferred dividend cumulative

Common Dividend share = 400,000 - 270,000 = $130,000

Hope that helps.

5 0

3 years ago

Parne Two large American beer producers have decided to merge and seek government approval. They claim that by joining forces th

leonid [27]

Answer:

The correct answer is letter "A": Beer prices will go down.

Explanation:

Usually, when two large companies merge they take most or almost all part of their market causing a monopoly. This implies the recently-merged company to set the price of the goods according to what they believe is suitable which does not necessarily match with the consumers' expectations. However, for the companies in the case to prove the government that the merger will benefit the economy, they must show that the price of the beer will go down which is the opposite of what is expected under other regular situations.

5 0

3 years ago

Holton Company has the following equivalent units for July: materials 20,000 and conversion 18,000. Production cost data are:

miskamm [114]

Answer:

$3.55; $3.13

Explanation:

Calculation to determine what The unit production costs for July are:

Using this formula

Unit product cost = (Beginning work in progress + Cost added) / Number of units

MATERIALS

Unit product cost=($8000+$63,000) / 20,000 units

Unit product cost=$71,000/20,000

Unit product cost=$3.55

CONVERSION

Unit product cost = ($3750+$52500) / 18,000

Unit product cost=$56,250/18,000

Unit product cost=$3.125

Unit product cost=$3.13 (Approximately)

Therefore The unit production costs for July are:$3.55; $3.13

6 0

2 years ago

When attending a networking event,

VikaD [51]

Answer:

i said D but dont know if its right

Explanation:

8 0

3 years ago

Read 2 more answers