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3 years ago

If you ignore a margin call, your broker:

Business

1 answer:

MArishka [77]3 years ago

6 0

Answer:

The correct answer is letter "D": may sell some of your securities to repay the margin loan.

Explanation:

A Margin Call is issued when the equity in a margin account falls below a certain level. In the U.S. this level is set by the Federal Reserve (Fed) Board "Regulation T". Many brokers have their margin requirements known as "house requirements" usually with maintenance levels of 30 to 40%.

When a margin account falls below the margin limit and the trader ignores this, the broker can sell some of the securities of the trader to cover the margin losses.

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Dubberly Corporation's cost formula for its manufacturing overhead is $31,600 per month plus $52 per machine-hour. For the month

Ganezh [65]

Answer:

The activity variance for manufacturing overhead in March would be closest to $6240

Explanation:

As per given Data

Total overheads = $31,600 + (Machine hours x $52)

Bu using this equation we will calculate the activity variance

Planned machine hours = 8,100 hours

Placing value in the formula

Planned Manufacturing overheads = $31,600 + ( 8,100 hours x $52 )

Planned Manufacturing overheads = $452,800

Actual machine hours = 7,980 hours

Applied Manufacturing overheads = $31,600 + ( 7,980 x $52 )

Applied Manufacturing overheads = $446,560

Activity Variance for manufacturing overhead = Planned Manufacturing overheads - Applied Manufacturing overheads

Activity Variance for manufacturing overhead = $452,800 - $446,560 = $6,240

5 0

3 years ago

Which of the following statements is true?-direct costs can easily be traced to a cost object; indirect costs cannot be-both dir

Andru [333]

Answer: Statement A

Explanation: Direct cost are those costs which are variable in nature and can be allocated to the total units of output produced, these are easily traceable. Examples - direct material, direct labor and piece rate wages etc.

Indirect costs are those cost which cannot be allocated to the number of units produced on individual basis unlike direct cost these costs can be either fixed or variable in nature. Examples - rent expenses, administrative expenses.

From the above explanation we can conclude that statement A is correct.

5 0

3 years ago

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $316,7

erastovalidia [21]

Answer:

Explanation:

The preparation of ta static budget report for the second quarter is shown below:

CROIX COMPANY

Sales Budget Report

For the Quarter Ended June 30, 2017

Second Quarter Year to date

Product Line Budget Actual Difference Budget Actual Difference

New Guitar $383,500 $387,400 $3,900 $700,200 $690,500 $9,700

Favorable Unfavorable

The year to date balances are computed below:

For Budget:

= $383,500 + $316,700

= $700,200

For Actual:

= $387,400 + $690,500

= 690,500

6 0

3 years ago

1. How is inflation measured? Fill in the blanks to complete the passage about the CPI and the GDP deflator. The Consumer Price

Murljashka [212]

Answer:

First blank: Consumers

Second blank: GDP

Third blank: CPI

Explanation:

The Consumer Price Index is used to measure the basic basket of services and goods that a normal person often buys in order to have a decent quality of life, the GDP includes all goods and services produced, for example all the office equipment, or farm equipment that was produced by a countries economy, the average customer doesn´t need farm equipment nor office equipment that is why it is not taken into account in the Costumer Price Index.

8 0

3 years ago

Splish Brothers Inc. began operations on April 1 by issuing 52,300 shares of $5 par value common stock for cash at $15 per share

Ahat [919]

Answer:

Date Account titles and Explanation Debit Credit

Apr 1 Cash $679,900

Common stock $261,500

(52,300*5)

Paid in common stock in excess of par $418,400

(52,300*$13-$5)

(To record common stock issued)

Apr 19 Organisation expenses $28,900

Common stock $9,000

(1800*5)

Paid in common stock in excess of par $19,900

(To record issuance of comm1,100on stock for attorney.s fees)

Apr 19 Cash (1,100*$6) $6,600

Preferred stock (1,100*$1) $1,100

Paid in preferred capital in excess of par $5,500

(To record common preferred stock for cash)

7 0

3 years ago