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patriot [66]
3 years ago
12

A customer buys 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:______

Business
1 answer:
Elena L [17]3 years ago
3 0

Answer:

$1,700

Explanation:

Although the minimum equity to open a long margin account is $2,000. However, this does not apply if the securities in the account are paid fully.

It will amount to potential loss if a customer is asked to deposit more than 100% when buying. Since the customer wants to buy 1,700 of stock, it means that 100% or $1,700 (100 shares × $17) must be deposited.

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Financial accounting should provide information that:_______.
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Answer:

The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.

Explanation:

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Worldwide​ Wholesalers, Inc. has decided that instead of having its employees manage its raw materials​ inventory, it will pay i
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Answer:

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A.  Operations control

B.  Outsourcing

C.  ​Value-added analysis

D.  Business process re-engineering

E.  Quality control

Answer: B

Explanation:

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5 0
3 years ago
During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
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Explanation:

The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:

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Equivalent units of production:

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= 480 - 160

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8 0
3 years ago
Suppose that in the market for loanable funds, the governement is currently running a deficit, and net exports are negative. The
balu736 [363]

Answer:  4. Demand will shift inwards, lower rates and decreasing lending.

Explanation:

People demand loanable funds for spending on consumption and investment. If there is a recession, people will buy less goods and companies will invest less as well.

This will reduce the demand that people and companies have for loanable funds. The demand will therefore shift inwards to the left and lead to lower rates and decreased lending.

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