Answer:
40,000
Explanation:
Under the direct write-off method, bad debts are expensed. The company credits the accounts receivable account on the balance sheet and debits the bad debt expense account on the income statement.
Allowance for doubtful debt (Opening) = 42,000
Add: Bad de expense = 60,000
Total = 102,000
Less: Allowance for doubtful debt (closing) = 62,000
Write offs = 40,000
Answer: 2500
Explanation:
From the question, we are informed that acustomer who has a fully paid long position in ABC stock goes "short against the box" for a credit to his account of $50,000 and that ABC is a NASDAQ stock.
Then, to get the minimum maintenance margin requirement, we should know that FINRA has a 5% minimum maintenance margin on the long side. This will then be:
= 5% of 50,000
= 5% × 50,000
= 2500 minimum
<span>You can benefit from a Supervised Agricultural Experience project in many ways.
You could have your own agricultural business, you could get a job somewhere in agriculture, you could carry out an agricultural science experiment, or you could write a report on agriculture to explore it.</span>
Longchamp’s iconic merchandise, Le Pillage is a range of
foldable, leather-trimmed nylon bags. The huge success is labelled as
“eternal”. Le Pillage’s achievement can be regarded as a perfect practice of
marketing mix. Part of 4P model can be used to analyze this case.
Product
Le Pillage’s successful product positioning is “Quality”. Intended
as a functional bag, Le Pillage accepted one of the most practical and unusual
materials, nylon which is durable, sturdy, light as well as cheap.
Price
Le Pillage’s price plan, that average price is €90, made
this sequence of bags reasonable to most of the consumers.
Promotion
In 2006, Le Pliage sprang its first marketing campaign with
Kate Moss. Even in this campaign, model didn’t carry Le Pliage, halo effect of
Longchamp brand has enthused its trades.
Place
Longchamp brand as the strongest support plays the crucial
role in Le Pliage’s successful distribution.