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3 years ago

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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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,110,00

Ksivusya [100]

Answer:

$1,83,000

Explanation:

Sales = 4,535,000

Cost of goods sold = $2,560,000

Operating expenses = $1,382,000

Average total assets = $4,110,000

Net Income = Sales - Cost of goods sold - Operating expenses

= $4,535,000 - $2,560,000 - $1,382,000

= $5,93,000

Target income = 10% of Average total assets

= 0.10 × $4,110,000

= $410,000

Thus,

Residual income = Net income - Target income

= $5,93,000 - $410,000

= $1,83,000

7 0

3 years ago

On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed

Alex

Answer: Debit Accounts receivable for $600.

Explanation:

The customer had not been billed so that means that they still owe the company. This would make them an accounts receivable so the adjusting entry will have to debit the Accounts Receivable account for $600 to show that it is increasing.

This amount will be credited to the Accrued revenue account to show that the cash has not yet been received.

5 0

3 years ago

You and the HR manager, along with suggestions from the branch manager, must determine if background checks on all employees are

sergey [27]

Answer:

Terminate his employment

Explanation:

Based on the fact and information, Tibbits should be discharged from employment for his failure to disclose this relevant conviction. As a convicted offender, he is considered in the eyes of the law to be high-risk and should not be allowed to enter unsuspecting clients’ homes. It would be the company's liability if he acts non professionally and inappropriately at a jobsite.

7 0

3 years ago

What is the rate of return when 30 shares of Stock

sattari [20]

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

6 0

3 years ago

A firm is considering a project with annual cash flows of $300,000. The project would have a five-year life, and the company use

stealth61 [152]

Answer:

$1,081,434

Explanation:

<em>At indifference point, the present value of cash outflow equals present value of cash inflow.</em>

Present value of cash inflow = Annual cash inflow * PV annuity factor (12%, 5 years)

Present value of cash inflow = $300,000*3.60478

Present value of cash inflow = $1,081,434

So, the amount at which the firm would be indifferent between accepting or rejecting the investment is $1,081,434.

7 0

3 years ago