Answer:
C) $5,000
Explanation:
Since the price of the stocks first rose to $50, the account's equity was $50,000.
The SMA balance was = ($50,000 x 1/2) - $20,000 = $,5000
The SMA balance acts like a stabilizer and cannot be taken away even if the price of the stocks fall slightly. The price of stocks must fall 25% in order for the SMA to be withdrawn.
The investor's equity decreased = equity - margin requirement = $39,000 - $20,000 = $19,000, but the amount that the investor can borrow (SMA balance) will remain the same at $5,000.
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Hello there,
A detailed description of the money your business makes and expends every month for the first year is called a(n)
Answer: Cash-flow statement.
Answer:
D. a statistic.
Explanation:
A statistic is a single quantity contained in or computed from a set of data. Unlike a parameter (a characteristic of a population) a statistic is a characteristic or measure of a sample.
A statistic is a characteristic of a sample. Generally, a statistic is used to estimate the value of a population parameter.
Answer:
Explanation:
The adjusting entry for interest expense is shown below:
Interest expense A/c Dr $1,134
To interest payable $1,134
(Being interest expense is adjusted)
The interest expense is computed by
= Note payable amount × interest rate × (number of months in a year ÷ total number of months in a year)
= $75,600 × 9% × (2 months ÷ 12 months)
= $1,134
The two months is computed from the November 1 to December 31
