Answer:
Please see the explanation
Explanation:
Sales budget for the 4 quarters of the first year is given as follows:
Quarter 1 sales=120,000*$20=$2,400,000
Since there is 7% increase in each subsequent quarter, therefore the sales for the subsequent quarters of year 1 shall be calculated as follows:
Quarter 2 sales=$2,400,000*1.07=$2,568,000
Quarter 3 sales=$2,568,000*1.07=$2,747,760
Quarter 4 sales=$2,747,760*1.07=$2,940,103.2
Answer:
An examination of returns is called an audit. Please mark me brainliest. Thank you.
Answer:
Explanation:
At a wage of $10/hour
Cost of a bus pass - $5
Two way trip =$10
Weekly bus trip = 10*5 -$50 (to & fro)
Extra time spent with bus 5hr (to & fro)
(leisure time are charged at wage rate )
Extra wage forgone with bus = 10*5= $50
the cost of earning extra if i drive =$60
Cost outweighs benefit
I will prefer to go by bus.
But if wages increase to $20
Leisure time valued at $20, Extra wage forgone = 20*5 = 100
Cost of earning extra if i drive by car = $60
If i drive the car . i will save extra time that worth a benefit of $40/week
If the wage increase to$20 , i will prefer to drive my car.
Answer:
a. will you receive a margin call?
No you wouldn't. You borrowed $20,000 on the margin which means that you invested $20,000 of your own money. You purchased 1,000 stocks (= $40,000 / $40) of ixnay at $40, and now the stock price is $35. This means that you lost $5,000, and you percentage on the margin = $15,000 / $35,000 = 43%. Since the maintenance margin is 35%, you are still in.
b. how low can the price of ixnay shares fall before you receive a margin call?
we can use the following formula = (1,000price - $20,000)/1,000price = 35%
350price = 1,000price - $20,000
$20,000 = 1,000price - 350price = 650price
price = $20,000/650 = $30.769 ≈ $30.77 or lower