Answer:
The maintenance call will be for:
$20,000.
Explanation:
Operating a margin account means that the investor is permitted by her brokerage firm to buy securities with borrowed funds (or the broker's funds). The maintenance call is the requirement made on the investor with this margin account (by her broker) to raise additional funds to ensure that the margin account is fully funded when it has reduced in value. The investor with the above margin account is supposed to have a credit balance (equity) of $24,000.
Answer: .B. Using the fair value method
Explanation: Executive stock options (ESO) are documents that permits certain number of shares in a company's stock to be purchased at an approved strike price within a given time. This is a type of stock option is offered to company's executive and members of its management as a form of incentive and reward system.
The incentive is not made compulsory for company executive to use, but the company must respect the contract if a company's executive decides to use it.
Forms of Executive Stock Options.
• Non qualified stock Option: This is a type of executive stock option that does not allow for long term capital tax rate.
•Incentive stock option: A type of ESO in which capital gain tax rates are allowed but only under certain rules and conditions which must be followed and adhered to.
Answer:
$3.40 Per Machine Hour
Explanation:
The computation of the predetermined overhead rate is shown below:
As we know that
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated machine hours
where,
Estiamted Manuafctuing overheads is
= Salary of Prodcution Supervisior + Indirect Material + rent on Factory Equipment
= $20,00 + $4,000 + $10,000
= $34,000
And, the estimated machine hours is 10,000
So, the predetermined overhead rate is
= $34,000 ÷ 10,000
= $3.40 Per Machine Hour
Answer:
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Explanation:
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Answer:
B. $5600
Explanation:
Purchase price = $35,000
Expected life cycle= 10 years
Salvage value= $3000
Depreciation expense at the year 2= ?
Solution:
Using a straight line method.
Depreciation= Purchase price/expected useful life( straight line method)
Depreciation= 35,0000/10
=$3500 which is equivalent to 10% of the original price.
Using double declining-balance method, the value will double to
Depreciation expense in Year 1 = (20% of $35000) $7000
Depreciation expense in Year 2=
(20% of $28,000) $5600
