All categories

1 year ago

You opened several accounts with XYZ broker. Which of

Business

1 answer:

Ugo [173]1 year ago

5 0

The same people own both your individual margin account and your individual portfolio margin account.

<h3>What exactly is a personal margin account?</h3>

A "margin account" is a specific kind of brokerage account where its broker-dealer lends the user money to buy securities while using the account as collateral. While margin increases an investor's purchasing power, it also puts them at greater risk of suffering greater losses.

<h3>Are margin accounts suitable for novices?</h3>

Since it's not always obvious what amount you've received from you firm and how much you have in equity, as well as the fact that it's simple to consider with all your investments as your money even if a lot of it is borrowed, it's best to avoid selling on margin, especially for new investors.

To know more about Individual Margin Account visit :

brainly.com/question/16969309

#SPJ4

You might be interested in

What kind of consumer is a human in the food chain??

djyliett [7]

Predator, because thats pretty much all we do.

7 0

3 years ago

Mercury Inc. purchased equipment in 2019 at a cost of $400,000. The equipment was expected to produce 700,000 units over the nex

Wittaler [7]

Answer:

See explanation section

Explanation:

We know,

Annual depreciation rate under Units-of-production = Depreciable amount/Overall (expected) production

Given,

Purchase value = $400,000

Residual value = $50,000

Expected production = 700,000 units

Depreciable Amount = $(400,000 - 50,000) = $350,000

Annual depreciation rate = $350,000/700,000

Depreciation rate = $0.50

Thrrefore, Accumulated depreciation from 2019 to 2021 = (100,000 + 160,000 + 80,000)*$0.50

= $170,000

We know, Book value of asset = Cost price - Accumulated depreciation

Book value = $400,000 - $170,000 = $230,000

Again, Loss on sale of equipment = Book value - Sales price

Loss on sale of equipment = $230,000 - $210,000

Loss on sale of equipment = $20,000

The journal entry to record the sale =

Debit Cash $210,000

Debit Accumulated Depreciation $170,000

Debit Loss on sale $20,000

Credit Equipment $400,000

7 0

3 years ago

Read 2 more answers

Paul’s will creates a General Power of Appointment Trust (GPOA) that distributes income to his wife annually for life and gives

Ivanshal [37]

Answer: D. The GPOA Trust automatically qualifies for the unlimited marital deduction because Paul's wife has a general power of appointment over the trust's assets.

Explanation:

General Power of Appointment Trust (GPOA) refers to a power of appointment which is a legally binding provision that's contained in a trust such that the beneficiary possess the authority to alter the beneficiaries of the trust.

In this case, Paul's wife possess the power of appointment to anyone on her behalf. Therefore, The GPOA Trust automatically qualifies for the unlimited marital deduction because Paul's wife has a general power of appointment over the trust's assets.

3 0

3 years ago

Why do large media companies have so much control

gtnhenbr [62]

Answer: Big Tech companies thrive on consumer data.

Explanation: So you can limit there power by imposing

6 0

2 years ago

Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes

nata0808 [166]

Answer:

Proportional Tax

Explanation:

A proportional tax imposes the same flat rate (in %) on income as payable tax.

Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.

8 0

3 years ago