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pickupchik [31]
3 years ago
7

A customer purchases $100,000 of municipal bonds at 40% in a margin account. The customer must deposit:_______

Business
1 answer:
miss Akunina [59]3 years ago
8 0

Answer:

customer must deposit $8000

Explanation:

given data

purchases bonds = $100,000

margin = 40%

solution

As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value

and margins is minimums set by exchange

so bond is purchased at 40% is

bond purchase = 40% × $100,000  = $40000

and 20% of $40,000 is = $8,000

and 7 % of $100,000 is = $7,000

so greater amount is $8,000

so customer must deposit $8000

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Beth's business purchased only one asset during the current year (a full 12-month tax year). Beth placed in service machinery (7
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Answer:

the depreciation expense on the equipment will be 1,785 for tax purpose.

Explanation:

We will look into the MACRS (Modified Accelerated Cost Recovery System)

table for a property of seven years placen into service in the 4th quarter:

Which give us 3.57%

now we multiply the basis by the coefficient and get the value for depreciation

50,000 x 3.57% = 1,785 depreciation expense under MACRS

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2 years ago
In what ways does the format of a statement of financial or position under ifrs often differ from a balance sheet presented unde
Amiraneli [1.4K]
Umm can someone answer this please because i need help on this as well
7 0
3 years ago
What is debit? And what is credit?​
Shtirlitz [24]
What exactly are debits and credits? In a nutshell, debits (dr) record all money that flows into an account, while credits (cr) record all money that flows out of an account.
5 0
2 years ago
Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000
pentagon [3]

Answer:

Rachel's net cash flows from operating activities would be $264,500

Explanation:

In order to calculate Rachel's net cash flows from operating activities we would have to calculate the following formula:

cash flows from operating activities=Net income+Increase in accounts payable+ decrease in accounts payable

Net income=$250,000

Increase in accounts payable=Ending balance-Beginning Balance

Increase in accounts payable=$30,000-$23,000

Increase in accounts payable=$7,000

decrease in accounts payable=Ending balance-Beginning Balance

decrease in accounts payable=$10,500-$18,000

decrease in accounts payable=$7,500

Therefore, cash flows from operating activities=$250,000+$7,000+$7,500

cash flows from operating activities=$264,500

Rachel's net cash flows from operating activities would be $264,500

8 0
2 years ago
Which of the following statements is(are) false regarding the direct method of allocating service department costs?
QveST [7]

Correct Question:  Which of the following statements is (are) false regarding the direct method of allocating service department costs?

(A) The selection of an allocation base in the direct method is easier than the selection of an allocation base in the step method.

(B) Once an allocation is made from a service department using the direct method, no further allocations are made back to that department.

A. Only A is false.

B. Only B is false.

C. Neither A nor B is false.

D. Both A and B are false.

Answer:

A, Only A is false

Explanation:

The selection of an allocation base in the direct method is easier than the selection of an allocation base is false in that allocation base in step method allocates support costs to the support departments and the operating departments that recognise the services provided betwenn thos suport departments.

Cheers.

8 0
3 years ago
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