Answer:
A customer of a broker-dealer purchases 100 shares of XYZ stock at $50 per share on Monday. Later that week, a confirmation arrives electronicallyxplanation:
Answer:Lack of Feasibility studies
Explanation:
He might experience obstacle if he choose not to understand the area and its demand by the people around the selected area.
Secondly is lack of capital to start up the business.
Answer:
The answer is True.
Explanation:
All people want is new ideas something they havent seen before.
Answer:
The question is not complete,the complete set of question is attached.
The balance sheet value of the stock as at the end of 20X7 is $12000 as shown below.
Explanation:
The requirement of the question is the balance sheet to be shown for the investments at the end of 20x7. These are investments are revalued to fair value on an ongoing basis to reflect prices and reality in the stock market.The fair value is the closing market price at each point time, as a result the balance value of the investments is calculated thus:
Stock Quantity Closing Price Value
Charlie 100 $22 $2200
Delta 200 $34 $6800
Echo 100 $30 <u>$3000</u>
Total value of stocks <u> $12000 </u><u> </u>
But the shares were earlier acquired for $13000 ($20*100+$40*200+$30*100) on 1st February, 20X6, which implies that overall losses in value of $1000($13000-$12000) have been posted to other comprehensive income as unrealized losses
Answer:
d. 6,700 units
Explanation:
The computation of the equivalent units for conversion cost by using the FIFO method is shown below:
= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage
= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%
= 500 + 5,000 + 1,200
= 6,700 units
We simply applied the above formula