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lawyer [7]
3 years ago
11

In a new margin account, a customer buys 300 shares of ABC at $40 per share, 100 shares of the Ajax Mutual Fund at $24, and 10 P

DQ Aug 30 calls at 4. The customer will receive a margin call for:_______.
a. 12,400.
b. 10,800.
c. 9,200.
d. 4,400.
Business
1 answer:
never [62]3 years ago
3 0

Answer: 12400

Explanation:

It should be noted that 50% of the stick value will be paid by the customer and also 100% of the mutual fund shares value will also be paid because they are nonmarginable securities.

Therefore, 50% of $12,000 = $6,000

Total payment required will now be:

= $6,000 + $2,400 + $4,000

= $12,400.

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Dirk required surgery for a kidney impairment. His total bill for medical services was $50,000. Dirk has a medical expense polic
MariettaO [177]

Answer:

$44,000

Explanation:

Calculation to determine how much of the $50,000 bill will the insurer pay

Total bill for medical services $50,000

Less medical expense policy calendar-year deductible ($1,000)

Less annual out-of-pocket limit $5,000

Bill payment $44,000

($50,000-$1,000-$5,000)

Therefore how much of the $50,000 bill will the insurer pay is $44,000

3 0
3 years ago
If someone introduces himself using a formal introduction, you should _____.
stich3 [128]

Answer:

Follow his lead and address him formally

Explanation:

If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.

6 0
2 years ago
The "four P's" of marketing are
Alex73 [517]

Answer:

Product characteristics, price structure, placement strategy, and promotional strategy.

Explanation:

The 4p's are product price place and promotion

8 0
3 years ago
Read 2 more answers
Which of the following accurately describes total cost?a) It is the sum of the list price and incentives and allowances.b) It is
maksim [4K]

Answer:

It is the sum of the fixed costs and variable costs.

Hope this helps!

6 0
2 years ago
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
OlgaM077 [116]

Answer:

$14,837

Explanation:

Calculation for what The adjusted cash balance should be

Bank balance$14,237

Add Deposit in transit$4,500

Less Outstanding checks ($3,900)

Adjusted bank balance$14,837

($14,237+$4,500-$3,900)

Book balance$13,162

Less Bank service fees ($50)

Add Note collected $1,725

Adjusted book balance$14,837

($13,162-$50+$1,725)

Therefore The adjusted cash balance should be:

$14,837

8 0
2 years ago
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