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3 years ago

A customer opens a new margin account with the following position:

Business

1 answer:

galben [10]3 years ago

7 0

Answer:

$1,000

Explanation:

The above means that for every $1 increase in the market value in a long margin account, the SMA increases by $0.50

If the market value rises to $22,000, the account will show

Long market value - Debit = Equity % SMA

$22,000 - $10,000 = $12,000

Against $22,00 of market value, 50% can be borrowed or $11,000. Since the debit is $10,000, an additional $1,000 can be borrowed . This is the SMA

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_____ makes it illegal to refuse to rent to a person who is disabled.

const2013 [10]

The appropriate response is the Civil Rights Act of 1968. It is a milestone part of enactment in the United States that accommodated break even with lodging openings paying little mind to race, religion, or national starting point and made it a government wrongdoing to "by constrain or by danger of compel, harm, scare, or meddle with anybody by reason of their race, shading, religion, or country.

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3 years ago

Read 2 more answers

Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale

Afina-wow [57]

Answer:

correct option is A. $450

Explanation:

we know that half the cost of the business meeting or the business meeting lunch or the dinner that is deductible even

and if the meal are associate with the active businessman or the sole proprietor then half the amount that is here $900 tickets to the opera with client for meeting is deducted

so that is deducted = $\frac{900}{2}$

deducted amount = $450

so correct option is A. $450

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3 years ago

With disability income insurance, benefits usually begin:

vladimir2022 [97]

Between 30 and 90 days after the disability occurs

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4 years ago

Read 2 more answers

If the Federal Reserve is late to recognize a recession and implements an expansionary policy too late, the result could be an

kherson [118]

Answer:

A. Procyclical policy.

Explanation:

Procyclical policy is basically is a government approach to increase goverment spending and reduces taxes while government is going through economic expansion.

4 0

3 years ago

A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $185,700 and

stellarik [79]

Answer:

a. The amount of the Allowance for Doubtful Accounts that should appear on the December 31, Balance Sheet of the current year is:

= $8,965.

b. Adjusting Journal Entry:

Debit Bad Debts Expense $7,365

Credit Allowance for Doubtful Accounts $7,365

To record bad debts expense and bring the balance of the Allowance for Doubtful Accounts to a credit balance of $8,965.

Explanation:

a) Data and Calculations:

Accounts Receivable balance = $185,700

Allowance for Doubtful Accounts $1,600 (credit balance)

Aging Schedule:

Account Age Balance Estimated Uncollectible Amount

Percentage

Current (not yet due) $96,000 1.00% $960

1—30 days past due 64,000 2.50% 1,600

30—60 days past due 16,000 11.00% 1,760

61—90 days past due 6,500 37.00% 2,405

Over 90 days past due 3,200 70.00% 2,240

Total $185,700 $8,965

Bad Debts Expense:

Allowance for Uncollectible Accounts:

Beginning balance ($1,600)

Ending balance $8,965

Bad Debts expense = $7,365

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3 years ago