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3 years ago

The determination as to whether an over-the-counter stock is eligible for purchase on margin is made by

Business

1 answer:

astraxan [27]3 years ago

5 0

Answer: Federal Reserve Board

Explanation:

The Federal Reserve Board represents the leadership of the Federal reserve system or the Fed, America's central bank.

Decisions that have to do with the eligibility of an over-the-counter stock for purchase on margin falls under Federal purview and is regulated by the Federal Reserve Board and enforced by the Financial Industry Regulatory Authority.

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When corruption is evident in governments the result is that

valentinak56 [21]

Answer: Industries have more difficulty opening since they will have to resort to bribes from government people.

Explanation: When corruption is very marked in a country, many people know that the way to obtain benefits is through certain bribes. In the case of industries, in order for them to open they have to resort to bribes made by government personnel to have the opportunity for their construction to take place.

8 0

3 years ago

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,

maxonik [38]

Find the given attachment

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4 years ago

Javier Computer Services began operations in July 2019. At the end of the month, the company prepares monthly financial statemen

gavmur [86]

Answer:

wages expense 1,300 debit

wages payable 1,300 credit

--------------------------------

interest expense 200 debit

interest payable 200 credit

--------------------------------

account receivable 2,400 debit

service revenue 2,400 credit

----------------------------------

Explanation:

we recognize the wages expense for the current period and the liability that arise from that.

interest: principal x rate x time

time and rate should be in the same metric so we express the time in portion of a year.

From July 1st to July 31th a month has past so 1/12 of a year:

20,000 x 12% x 1/12 = 200

this will be the accrued interest for the period

we must record service revenue. As it is not collected it goes int oaccount receivable

6 0

3 years ago

Total Company North South Sales $ 600,000 $ 400,000 $ 200,000 Variable expenses 360,000 280,000 80,000 Contribution margin 240,0

seraphim [82]

Answer:

1. Company wide break-even point in dollar sales= $425,000

2. Break-even point in dollar sales for North region= $200,000

3. Break-even point in dollar sales for South region = $100,000

Explanation:

1. Computation of the companywide break-even point in dollar sales

First step is to find the Contribution margin ratio

Using this formula

Contribution margin ratio = Contribution margin / Sales

Contribution margin ratio:

Total company: ($240,000/$600,000)=0.4

North : ($120,000/$400,000)=0.4

South : ($120,000/$200,000)=0.6

Now let compute the Company wide break-even point in dollar sales using this formula

Company wide break-even point in dollar sales= Fixed costs / Contribution margin ratio

Let plug in the formula

Company wide break-even point in dollar sales= ($120,000 + $50,000) / 0.4

Company wide break-even point in dollar sales= $425,000

2. Computation for the break-even point in dollar sales for the North region using this formula

Break-even point in dollar sales for North region = Traceable fixed expenses / Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales for North region= $60,000 / 0.3

Break-even point in dollar sales for North region= $200,000

3. . Computation for the break-even point in dollar sales for the South region.

Using this formula

Break-even point in dollar sales for South region = Traceable fixed expenses / Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales for South region = $60,000 / 0.6

Break-even point in dollar sales for South region = $100,000

5 0

3 years ago

For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,

Dovator [93]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales = 546000

less: cost of goods sold = (244410)

Gross profit 301590

Less: expenses

Depreciation expense =( 61900 )

Profit before interest and taxes 239690

Less: tax

(239690 * 23%) = (55128)

Profit 184562

Profit - Retained earning Addition = Interest

184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times

7 0

4 years ago