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4 years ago

9

A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required marg

in. If the stock declines in value by 25%, the customer's equity in the account will:

1 answer:

astra-53 [7]4 years ago

4 0

Answer:

It will increase by 50%

Explanation:

Equity is given as: credit - short market value.

Find attached below table of solution

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3 years ago

Select the correct answer.

almond37 [142]

Answer:

answer is b

Explanation:

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3 years ago

Which of the following statements is true of absorption costing? A. It considers variable selling and administrative costs as p

Sonja [21]

Answer:

C. It considers fixed manufacturing overhead cost as product costs.

Explanation:

The statement that is true of absorption costing is that it considers fixed manufacturing overhead cost as product costs.

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3 years ago

If Mike asked customers to complete a customer feedback survey after using his car detail service, he probably increased the lev

RideAnS [48]

Answer: b.) post-purchase evaluation

Explanation:

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3 years ago

he following information is available for completed Job No. 402: Direct materials, $170000; direct labor, $230000; manufacturing

sveticcg [70]

Answer:

The correct answer is $112,000

Explanation:

First of all, let us lay out the information given:

Direct materials = $170,000

Direct Labor = $230,000

Manufacturing overhead = $160,000

Cost of production = Direct material + Direct Labor + Manufacturing overhead = 170,000 + 230,000 + 160,000 = $560,000

Number of units produced = 5000 units

Number of units sold = 4000 units

Number of units left on hand = 5000 - 4000 = 1000 units (units produced - units sold)

Next, we will calculate the cost of production of a single unit of finished product as follows:

5000 units = $560,000

∴ 1 unit = 560,000 ÷ 5000 = 112

Finally, since the number of unit on hand is 1,000 units, we will find the cost of unit on hand as follows

1 unit = $112

∴ 1000 unit = 112 × 1000 = $112,000

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3 years ago