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Inessa [10]
3 years ago
9

A customer of a brokerage firm in liquidation has an individual account with $300,000 in securities. The customer and his wife h

ave a joint account with $500,000 in securities. The wife has an individual account with $300,000 in securities. What will the customers receive under SIPC?
Business
1 answer:
OLEGan [10]3 years ago
4 0

Answer:

The correct answer is $1,100,000.

Explanation:

According to the scenario, the given data are as follows:

Customer account = $300,000

Joint account = $500,000

Customer's wife account = $300,000

So, we can calculate the amount that customer receive under SIPC by using the following formula:

SIPC =

  • Under SIPC each account considered as an individual account.
  • A maximum limit cover of $500,000 for cash and security for each individual account.

So, the amount that can receive by customer is:

Total Amount  = $300,000 + $500,000 + $300,000  

= $1,100,000

Hence, the total amount that customer receive under SIPC is $1,100,000.

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Answer:

The total cost of quality is $ 313200

Explanation:

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We have verifying credit card information of $52200

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The 4 categories of cost of quality report are Prevention Costs, Appraisal Costs, Internal Failure costs and external failure costs.

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Verifying credit card information - appraisal cost - $52200   0,76% of total

Non-conforming costs

Internal Failure

External Failure costs

Discounting room rates due to poor service $ 156600          2,3% of total sales

Total cost of quality                                          $ 313200         4,6%  of total sales

5 0
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A store purchases televisions from a factory for $\$$87.89 each. The store normally sells one of these televisions for 225$\%$ o
OverLord2011 [107]

Answer:

148.31

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The normal price in dollars is (87.89)(2.25), and the 25% discount corresponds to multiplying this result by 0.75. Carrying out the arithmetic, the price is (87.89)(2.25)(0.75) = 148.31.

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Explanation:

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solution

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but from the mean  percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

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