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choli [55]
3 years ago
10

The term on margin means

Business
2 answers:
Snezhnost [94]3 years ago
4 0

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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Barry joined the military after high school, where he learned how to maintain and fix airplanes. Now he does similar work for a
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The answer is B - this is how Barry splits his time.
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3 years ago
Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not
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Answer:

uncollectible ammount expense 47,972 debit

            allowance for doubtful account    47,972 credit

Explanation:

Fro mthe talbe we are given the amount of account over-time fro meach customer.

As we are presented with all date we should proceed directly with the journal entry:

the aging method stated an allowance of       60,727

the current balance is for                            <u>     (12,755)   </u>

the adjustment will be for:                         <em>       47,972 </em>

5 0
3 years ago
Describe your values, interests, personality traits and skills
irakobra [83]
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3 0
3 years ago
Read 2 more answers
Thom owes $7,200 on his credit card. The credit card carries an APR of 18.4 percent compounded monthly. If Thom makes monthly pa
DanielleElmas [232]

Answer: 45 months

Explanation:

Credit owed $7200

Monthly payment $225

APR annaully 18.4%

Monthly APR = 18.4/12 = 1.533%

SOLUTION

1st Month interest payment

1.533% x $7200 / 100 = $110.40

Principal paid (monthly payment - interest paid) = $225 - $110.40 = $114.60

Balance ( principal - principal paid) = 7200 - 114.60 = $7085.40

2nd Month interest payment

1.533% x $7085.40 / 100 = $108.64

Principal paid (monthly payment - interest paid) = $225 - $108.64 = $116.36

Balance ( principal - principal paid) = $7085.40 - $116.36 = $6969.04

By following this step up to the 45th month you get $74.74 as the monthly payment this sums up to.

Month interest payment

1.533% x $74.74 / 100 = $1.15

Principal paid (monthly payment - interest paid) = $75.88 - $1.15 = $74.74

Balance ( principal - principal paid) = $74.74 - $74.74 = $0

The payment would be completed at exactly 45months

7 0
3 years ago
Earnings on an IRA grow until
frez [133]

Earnings on an IRA grow until C. you take the money out.

An IRA will continue to earn interest and gain value until your money is taken out of the account. Once the money is taken out, the interest will stop being earned. An IRA is a good savings plan to invest your money into for potential gain. There are low and high risks with investments but IRA's are pretty easy to navigate for first time investors.

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