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Lesechka [4]
3 years ago
13

Jackie has a margin account with $150,000 of his own money. The initial margin deposit required is 60 percent and Turtle Industr

ies is currently selling at $50 per share. What is the maximum number of Turtle Industries shares Jackie can purchase meeting the initial margin requirement
Business
1 answer:
PtichkaEL [24]3 years ago
5 0

Answer:

The maximum number of shares is 5,000 shares

Explanation:

The computation of the maximum number of shares is shown below:

= Margin account amount ÷ initial margin deposit required ÷  current selling price per share

= $150,000 ÷ 0.60 ÷ $50 per share

= 5,000 shares

hence, the maximum number of shares is 5,000 shares

We simply applied the above formula so that accurate shares could come

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Old Corp. (target) merges into New Corp (acquiring) in a statutory Type A merger. What will the basis in Old Corp.'s assets be i
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Answer:

Carryover basis

In a Type A merger, the basis of the assets and liabilities carries over to the surviving entity.

Explanation:

5 0
3 years ago
Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly
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C. Sorry if I got it wrong have a good day
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3 years ago
Suppose the black market shrinks because firms shift to the formal sector, but production remains the same. GDP
nikdorinn [45]

Answer: will increase but this will not affect living standards

Explanation:

GDP is sometimes called an incomplete measure because there are certain measures that it does not include such as the black market.

If firms in the black market shift to the formal sector, they will now be included in GDP which means that GDP will increase.

The living standards of people in the country will probably not change however because the firms involved were simply shifting sectors and are not said to be more or less prosperous as a result. Assuming they remained the same, nothing changes for living standards.

4 0
3 years ago
On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil
Dafna1 [17]

Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

Comprehensive income = Cash dividend + Unrealized holding gain

= $11,800 + $31,800

= $32,980

Comprehensive income includes net profit and other complete or compression  profits.

Net revenue involves operating and non-operating income, net of expenses . Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.

So in this question we considered the dividend and unrealized holding gain as an comprehensive income

5 0
3 years ago
Molly and jason were married. their only "dependent" was spot, their black standard poodle. jason died in 2011. assuming she doe
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I believe The only legal filing status for Molly will be a qualifying widow.
Hope this helps !
3 0
3 years ago
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