Answer:
The best answer is C.
Explanation:
Regulation T initial margin to short stock is 50% of $3,000 = $1,500. However, since this is a new account, it must meet the minimum initial margin of $2,000 needed to open an account. Therefore, $2,000 must be deposited.
Answer:
Nicole has profit $400 ....,.............
Answer:
An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600, respectively. a. What is the industry's four firm concentration ratio? b. What is the industry's Herfindahl-Hirschman index? c. Is this industry highly concentrated? Explain.
Explanation:
Answer:
C) debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.
Explanation:
July 1, prepaid rent fro 6 months
Dr Prepaid rent 24,000
Cr Cash
July 31, adjusting entry to record rent expense
Dr Rent expense 4,000
Cr Prepaid rent 4,000
total prepaid rent = 24,000 for six months
after one month, 24,000 / 6 = 4,000 must be recorded as rent expense and prepaid rent must be credited.
Answer:D. Many cost reduction opportunities exist and cost of reduction is low
Explanation:
Since the project has not commence the firm has lots of options to choose from and since the practical works has not started it's cheaper to substitute one method for another.
