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Shalnov [3]
3 years ago
9

Suppose that you just purchased 150 shares of XYZ stock for $60 per share. a. If the initial margin requirement is 71.00%, how m

uch money must you borrow?
Business
1 answer:
Kisachek [45]3 years ago
5 0

Answer:

$2,610

Explanation:

Calculation for how much money you must borrow.

Using this formula

Amount to be borrowed =( Purchased shares* Per share price*(Initial margin requirement percentage)

Let plug in the formula

Amount to be borrowed= 150 shares*$60 per shares *(1-0.71)

Amount to be borrowed=$9,000*(0.29)

Amount to be borrowed=$2,610

Therefore how much money you must borrow will be $2,610

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High Mountain Lumber (HML) has normal budgeted overhead costs of $115,150 and a normal capacity of 35,000 direct labor hours for
Furkat [3]

Answer:

                                                                                                 $

Standard total overhead cost (0.5 hr x 25,000 x $3.29) 41,125

Less: Actual total overhead cost ($21,000 + $18,000)    39,000

Total overhead variance                                                      2,125(F)

                                           

Standard overhead application rate

= <u>Budgeted overhead</u>

  Budgeted direct labour hours

= <u>$115,150</u>

   35,000 hours

= $3.29 per direct labour hour

Explanation:

Total overhead variance is the difference between standard total overhead cost and actual total overhead cost. Standard total overhead cost is the product of standard hours per unit, standard overhead application rate and actual output produced. Actual total overhead cost is the aggregate of actual variable overhead cost and actual fixed overhead cost. Standard overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours (normal capacity).

6 0
3 years ago
What is one example of how a government exhibits limited influence in a market economy?
Gekata [30.6K]

Answer: I would choose the 3rd choice.

Explanation:the creation of privately-owned businesses

4 0
3 years ago
If Ms. Anniston transfers $1,000 from her checking account to her savings account, then__________.
Agata [3.3K]

Answer:

a. M1 falls and M2 remains the same.

Explanation:

in money supply M1 stand for the most liquid forms: currency, coins, traveler check, checking account

while M2 is M1 + near money wich are saving account, time deposit among other

Thus, Ms Anniston make M1 fall while M2 remains the same

5 0
3 years ago
Economic growth will reduce the future real GDP of an economy. expand the production possibilities of an economy. increase an ec
nikklg [1K]

Answer:

The correct option is B. expand the production possibilities of an economy.

Explanation:

Economic growth can be defined as the increase in an economy's production of economic goods and services, often compared from one period of time to another. It can be measured in any of the following:

  • Nominal or real (adjusted for inflation) terms.
  • Gross National Product (GNP)
  • Gross Domestic Product (GDP), etc.

Contributors to economic growth include:

  • Increases in capital goods.
  • Increase in labor force.
  • Technology.
  • Human capital.

In simplest terms therefore, economic growth is used to refer to an increase in the aggregate production in an economy.

5 0
3 years ago
Mention the required qualification to become a section officer.​
Dmitrij [34]

The minimum required qualification to become a section officer is the Bachelor's Degree from the prestigious University with at least 50% marks.

<h3>Who is a section officer? What is the qualification needed to become a section officer?</h3>

A section officer is any person appointed to the initial position of the government who handles the position of in-charge of a section, branch, or sub branch.

The qualification needed to become a section officer is bachelor's degree from the recognized university in any course.

One must have to clear the Inter-Department Test which is conducted by the UPSC to become a section officer.

Learn more about how to become a section officer here:-

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2 years ago
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