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USPshnik [31]
3 years ago
10

Assume you purchased 700 shares of XYZ common stock on margin at $40 per share from your broker. If the initial margin is 65%, t

he amount you borrowed from the broker is _________.
a. $18,200

b.$28,000

c.$37,800

d.$9,800
Business
1 answer:
s2008m [1.1K]3 years ago
6 0

Answer:

Option D is correct ($9,800)

Explanation:

Option D is correct ($9,800)

Given:

Shares Purchased of XYZ common stock= 700 shares

Margin at which shares are purchased= $40

Initial Margin= 65%

Required:

Amount you borrowed from the broker=?

Solution:

Amount you borrowed from the broker= Shares*Margin at which shares are purchased* (1-Initial Margin)

Amount you borrowed from the broker= 700*$40*(1-0.65)

Amount you borrowed from the broker= $9,800

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Bakan Corporation has provided the following production and average cost data for two levels of monthly production volume. The c
storchak [24]

Answer:

$159.1

Explanation:

The computation of the total variable manufacturing cost per unit is shown below;

At 8,600 units,

The total cos is

= (Direct material per unit + Direct labor per unit + Manufacturing cost per unit) × Number of units

= ($98.70 per unit + $25.60 per unit + $73.20 per unit) × 8,600 units

= $197.5 per unit × 8,600 units

= $1,698,500

At 9,600 units

The Total cost

= ($98.70 per unit + $25.60 per unit + $69.20) × 9,600 units

= $193.5 per unit × 9,600 units

= $1,857,600

So, the best estimated would be;

= ($1857,600 - $1,698,500) ÷ (9,600 units - 8,600 units)

= $159,100 ÷ 1,000 units

= $159.1

8 0
3 years ago
A property has a restriction dating back to the 1920s that limits the sale of the property to persons of a particular race. The
Bezzdna [24]

The restriction on the building to prevent sale to persons of a particular race means it is unenforcable but the sale can go through.

Restrictions like this are unconstitutional because it is promotes discrimination of some race.

  • Also, it is also unconstitutional to enforce a racially restrictive covenant although the existence does not prevent the conveyance going through.  

.

  • Hence, the restriction on the building to prevent sale to persons of a particular race means it is unenforcable but the sale can go through

Therefore, the Option C is correct.

Missing options includes <em>"A. valid and enforceable B. unenforceable so the contract is void C. unenforcable but the sale can go through D. enforceable if the buyer agrees"</em>

<em />

Read more about House agreement

<em>brainly.com/question/1860153</em>

7 0
2 years ago
Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold,
zmey [24]

Answer:

weighted-average contribution margin= $4.7

Explanation:

Giving the following information:

Hurricane lamps account for 70 percent of the units sold, while the flashlights account for the remaining 30 percent of unit sales. The unit sales price of the lamps is $9.00, and the unit variable cost is $4.00. The unit sales price of the flashlights is $7.00, and the unit variable cost is $3.00.

<u>To calculate the weighted-average contribution margin, we need to calculate first the weighted-average selling price and weighted average variable cost for each product.</u>

weighted average selling price= (selling price* weighted sales participation)

weighted average selling price= (0.7*9 + 0.3*7)= $8.4

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (0.7*4 + 0.3*3)= 3.7

<u>Now, we can calculate the weighted average contribution margin:</u>

weighted-average contribution margin= 8.4 - 3.7= $4.7

6 0
4 years ago
Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derive
LenaWriter [7]

Complete/Correct Question:

Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties. According to the Stalk and Lachenauer book, this is an example of the strategy to

A) plagiarize with pride.

B) deceive the competition.

C) devastate rivals profit sanctuaries.

D) unleash massive and overwhelming force

Answer:

c, devastate rivals profit sanctuaries

Explanation:

For Walmart to start making as much or more profits than its rival, Best Buy, it decided to head in the same direction as Best Buy by offering low-priced extended warranties on home electronics.

This action simply means that Walmart has infiltrated the profit strategy system of Best Buy and is using that a a competitive edge to also increase customer base as people will prefer to go Walmart as it has become cheaper.

Devastating rivals profit sanctuaries therefore means targeting the area or strategy of rivals to make more profit.

Cheers.

8 0
3 years ago
Horton Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,500. The m
Ganezh [65]

Answer:

$479,500

Explanation:

To determine the interest due for the first payment we can solve the following:

interest due on payment 1 = total debt x interest rate x 1/12 = $480,000 x 10% x 1/12 = $4,000

Now we need to subtract the interest due from the first payment:

principal paid = payment - interest due = $4,500 - $4,000 = $500

remaining principal = $480,000 - $500 =  $479,500

8 0
3 years ago
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