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3 years ago

The term on margin means

2 answers:

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Buying on margin is basically borrowing money from your broker that you don't necessarily have at the time to buy additional shares. You must have a margin account, which is separate from your cash account. Usually you are able to borrow up to 50% of the new stock price.

kaheart [24]3 years ago

3 0

Answer:

c.) buying a stock by making a down payment (margin) and borrowing the balance from a bank or broker

Explanation:

The term “on margin” means

a.) paying the balance in full for an asset with no down payment.

b.) paying a high-interest rate on a bank or broker loan for an asset.

c.) paying the down payment on an asset and borrowing the balance.

d.) paying a loan back for an asset only after profiting from a trade.

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A senior licensed professional engineer with 30 years of experience in geotechnical engineering is placed in charge of a multidi

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This arrangement is ethical as long as the engineer signs and seals each design segment only after it has been reviewed by an independent consulting engineer who specializes in the field which it pertains. If what she was dealing is not her field of expertise, she needs to have the aid of independent engineer who can verify the work passed to her before she signs the design segment.

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3 years ago

How do office assistants show enthusiasm?

sammy [17]

Answer:

I think things you can do to show enthusiasm are:

1. showing in your work (even if it is not your favorite)

2. Think on the bright side.

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Hope this helps!!!

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3 years ago

A customer paid $250 using a check for purchases made in the first week of January. The bank statement received at the end of th

vodka [1.7K]

Answer:

Credit to cash for 250

Explanation:

As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.

And, in the bank statement it is shown that it was a NSF check.

Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled

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3 years ago

Sophie Company is considering closing one of its product lines. Current data on the product line are as follows. Sales revenue $

suter [353]

Answer:

Company's net income will increase by $2500 if the product line is discontinued.

Explanation:

From the data given:

Sales 25000

variable cost (less) 19000

contribution margin 6000

Fixed costs

directed fixed costs 7000

allocated fixed costs 5000

net income -6000

Fixed cost savings 7000

rental revenue 1500

total savings if discontinued 8500

contribution margin (less) 6000

net income increased by 2500

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3 years ago

D’Lite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are currently being rented, pending expansion t

lisov135 [29]

Answer:

1) equity = assets - liabilities

equity = $45,000 + $93,000 + $7,000 + $75,000 - $40,000 = $180,000

2) Since there is not enough room here, I used an excel spreadsheet to prepare the accounting equation.

3) D’Lite Dry Cleaners

Income Statement

For the month ended July 31, 202x

Revenues $116,875

Expenses:

Dry cleaning expense $29,500
Rent expense $6,000
Wages expense $7,500
Truck expense $2,500
Supplies expense $3,600
Utilities expense $1,300
Miscellaneous expense $2,700 ($53,100)

Net income $63,775

D’Lite Dry Cleaners

Balance Sheet

For the month ended July 31, 202x

Assets:

Cash $95,325

Accounts receivable $89,750

Supplies $5,900

Land $125,000

Total assets $315,975

Liabilities:

Accounts payable $49,200

Equity:

Capital $266,775

Total liabilities and equity $315,975

D’Lite Dry Cleaners

Statement of Owner’s Equity

For the month ended July 31, 202x

Palk, Joel, capital, beginning balance $180,000

Additional capital raised $35,000

net income $63,775

subtotal $278,775

drawings ($12,000)

Palk, Joel, capital, ending balance $266,775

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3 years ago