Answer:
And if we replace we have this:
So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.
See explanation below.
Explanation:
For this case we define the following notation:
N= 500 represent the number of stocks for JAsper
P = 41 represent the stock price
M1 = 60% = 0.6 represent the initial margin
Px represent the highest stock price the variable of interest for this case
M2= 40% or 0.4 represent the mainteneance margin
We can find the value of Px with the following formula on this case:
And if we replace we have this:
So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.
The right answer for the question that is being asked and shown above is that: "B. debit to Sales Returns and Allowances for $125.00. " Five necklaceswere returned prior to payment. The entry to record the return would include a B. debit to Sales Returns and Allowances for $125.00.
A is the correct Answer I think
Answer:
I think it might be B. or C. If I was taking this, I would pick C. Let me know if I was right!
Explanation:
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