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3 years ago

15

An individual investor who wishes to borrow money to buy stocks must open a A) signature account. B) margin account. C) joint ac

count. D) custodial account.

1 answer:

Sergeeva-Olga [200]3 years ago

3 0

Answer:

B) margin account.

Explanation:

An individual investor who wishes to borrow money to buy the stocks must open a marginal account which is lent by the broker to the customer for the purchase of the stocks and the financial products. The accounts is of a collateralize for the securities and the purchases of the assets.

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During the current year, Cary and Bill incurred acquisition debt on their residence of $1,300,000 and a home equity loan of $200

77julia77 [94]

Answer:

qualified acquisition debt = $750,000

qualified home equity debt = $0

Explanation:

Qualified acquisition debt refers to the debt incurred to purchase or build your home. In this case, Cary and Bill are allowed to itemize the interests paid for up to $750,000 of the acquisition debt ($375,000 if filing separately). This limit was reduced due to the TCJA of 2017, and will remain in place until 2025. After 2025, the limit will return to the normal $1,000,000.

Certain amount of interests on qualified home equity loans will also return in 2025, but currently they are not deductible.

8 0

3 years ago

Consider the following events:

zalisa [80]

Answer:

A fruitworm infestation ruins a large number of apple orchards in Washington state.

Explanation:

The fruitworm infestation would reduce supply. The supply curve would shift to the left as a result.

I hope my answer helps you

4 0

3 years ago

A new alloy can be produced by Process A, which costs $200,000 to implement. The operating cost will be $10,000 per quarter with

Andreyy89

Answer:

Difference between A and B =$42398.5

Process B is better as its PW value is smaller than Process A.

Explanation:

In order to use present worth, both Alternatives must have same time period. Since Process B has 4 years means 16 quarters so we make process A to have 16 quarters two with 2% interest rate per quarter.

Note:

We are going to use Compound Interest tables to simplify our work. Formulas can also be used.

For Process A:

Present value of process A= $-200,000-200,000(P/F,2\%,8)-10,000(P/A,2\%,16)+25,000(P/F,2\%,8)+25,000(P/F,2\%,16)$

Present value of process A= $-200,000-200,000(0.8535)-10,000(13.578)+25,000(0.8535)+25,000(0.7284)$

Present value of process A=-$466,932.5

For Process B:

Present value of process B= $-250,000-15,000(P/A,2\%,16)+40,000(P/A,2\%,16)$

Present value of process B= $-250,000-15,000(13.578)+40,000(0.7284)$

Present value of process B=-$424,534

Difference between A and B =(-$424,534)-(-$466,932.5)

Difference between A and B =$42398.5

Process B is better as its PW value is smaller than Process A.

7 0

3 years ago

M Company manufactures tables. At the beginning of December, the beginning work in process inventory was 300 units, which were 4

katrin2010 [14]

Answer: Equivalent units for conversion = 4870 units

Explanation:

Given that,

Beginning work in process inventory = 300 units

Beginning work in process inventory for conversion = 40% of 300 units

= 120 units

5,000 units were started in December.

Ending work in process = 500 units

Ending work in process inventory for conversion = 50% of 500 units

= 250 units

Units started and completed = 5000 - 500

= 4500 units

Equivalent units for conversion = 4870 units

6 0

3 years ago

Cassini Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. Duri

Roman55 [17]

Answer:

Cassini Company Ltd

Date Account Titles and Explanation Debit Credit

Nov 2017 Cash (6,300*$28) $176,400

Unearned subscription revenue $176,400

(To record the receipts of subscription)

Dec 2017 Unearned subscription revenue $14,700

Subscription revenue ($176,400*1/12) $14,700

(To record the revenue earned)

March '18 Unearned subscription revenue $44,100

Subscription revenue ($176,400*3/12) $44,100

(To record the revenue earned)

5 0

3 years ago