Answer and Explanation:
The journal entry is shown below:
Cash ($5,400,000 × 102%) $5,508,000
To Bonds Payable $5,400,000
To Premium on Bonds Payable $108,000
(To record the issuance of the bond payable)
In the above journal entry, the cash is debited as it increased the assets and credited the bond payable and premium on bond payable as it increased the liabilities
Answer:
1/3 or 33.33%
Explanation:
The contribution margin ratio can be calculated using the following formula:
Contribution margin ratio=Contribution margin per unit /sales price per unit
In this question
Contribution margin per unit=$30
Sale price per unit=$90
Contribution margin ratio=30/90
=1/3 or 33.33%
Jessica purchased 136 shares of stock at $32 using her 70% margin account. her maintenance margin is 40%. jessica has no other securities in her account At she receives a margin call is $19.00.
The equity to your margin account is the cost of your securities less how tons you owe to your brokerage firm. FINRA policies require this upkeep required to be a minimum of twenty-five percent of the overall marketplace price of the margin securities. A margin call happens whilst the share of the equity inside the account drops beneath the upkeep margin requirement.
This deposit amount is referred to as the initial margin requirement. In this situation, the initial preservation margin requirement is forty percent of the acquisition rate of the change. For the dealer to buy the full one hundred shares, they need to maintain a balance of 40% of the change purchase amount of their margin account. you could without difficulty decide an organization's income margin by using subtracting the fee of products sold COGS from its overall revenue and dividing that figure by using the overall sales.
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The answer is<u> "Claim will be paid and coverage will remain in force</u>".
After a policy has been in force for 2 (some of the time 3) years, it enters the incontestable period, in which the insurer may not deny a claim in view of data not uncovered at the time of application.
An Occurrence policy shields you from any secured episode that "happens" amid the policy time frame, paying little heed to when a claim is documented.