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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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Answer: TRUE

Explanation: Discouraged workers are that portion of the population in an economy who have legal age for employment and also wants to get employed but due to long term of unemployment have now stopped looking for it.

Due to repetitive failures in attempt of seeking employment, this section of labor force gets discouraged and is not considered while evaluating unemployment rate in an economy.

7 0
3 years ago
The following selected amounts are available for Waterway Company: Retained Earnings (beginning balance) $1,050 Net loss 150 Cas
never [62]

Answer:

Ending retained earnings balance is 700.

Explanation:

In order to find the ending retained earnings we will have to start from the beginning retained earnings. The beginning retained earnings are 1050. Because the company has a net loss of 150 we will subtract 150 from 1050. And we are left with 900. After this we will subtract the 100 cash dividends as these are also paid from the retained earnings that the company has so we are left with 800. Also the company pays a stock dividend worth 100 so we will also subtract that and are left with 700. So the ending retained earnings balance is 700.

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3 years ago
Serena's financial goal is to reduce debt. Which statement could make Serena's financial goal specific and timely?
dimaraw [331]
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5 0
3 years ago
Which of the following is an advantage of internal recruitment? a. It leads to the generation of new ideas through tunnel vision
Georgia [21]

"It improves organization fit because current employees understand the company's culture" is an advantage of internal recruitment.

<u>Option: C</u>

<u>Explanation:</u>

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4 0
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"Many service companies collect data via a follow-up survey of their customers. Suppose, in order to ascertain customer sentimen
Sergeu [11.5K]

Answer: Categorical; Ordinal

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Ordinal data is a kind of categorical data with a set order or scale to it.

Comment

5 0
3 years ago
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