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lawyer [7]
4 years ago
14

Stephen is purchasing 700 shares of KPT, Inc., stock at a price per share of $20.80. What is the minimum amount the Federal Rese

rve will require Stephen to pay in cash for this purchase?
Business
1 answer:
zhuklara [117]4 years ago
3 0

Answer:

Federal Reserve will require Stephen to pay $7,280 in cash for this purchase

Explanation:

There is a legal requirement from the federal that for an investor to deposit 50% cash of the purchase of shares / securities value in the margin account. It is called the margin requirement.

Purchase Value = Number of shares x Price per share

Purchase Value = 700 shares x 20.8

Purchase Value = $14,560

Inityial Margin Requirement = $14,560 x 50% = $7,280

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These are selected 2022 transactions for Bramble Corporation:
astraxan [27]

Answer:

Dr amortization expense    $14,500

Cr Copyright asset                             $14,500

Dr amortization expense    $6,250

Cr Patent asset                                $6,250

Explanation:

First of all,a goodwill with an indefinite life is not depreciable,hence no adjusting journal entries would be prepared in respect of the goodwill.

However,the copyright would be amortized using the lower of useful life of 6 years and legal life of 30 years,the amortization expense for the year is shown below:

amortization charge=$87,000/6 years=$14,500

The patent is to amortized in the way as the as the copyright the lower of useful life and legal life.

amortization charge=$30,000/4 years*10/12=$6250

The patent was only used for 10 months in the year

8 0
3 years ago
Ed logg is credited with the development of which of these games?
Kaylis [27]
I don't know if you have any options, but here is a list of games that Ed Logg is credited with the development of, and then based on that list you can answer your question:
Asteroids, Centipede, Gauntlet, Gauntlet II, Millipede, Rush, Rush 2: Extreme Racing USA, San Francisco Rush 2049, San Francisco Rush: Extreme Racing, and Xybots. 
4 0
3 years ago
A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p
Elza [17]

Answer:

2) Chemotherapy for cancer patients

Explanation:

Chemotherapy for cancer patients is a basic necessity needed for the patient to continue living, so if the price of chemotherapy increases or decreases will not affect the patient's choice of getting it. What can affect the patient's decision is whether he/she can afford the treatment, but even if he/she can't they will seek other ways of trying to obtain it, e.g. going to public hospitals.

5 0
3 years ago
When a monopolist increases the amount of output that it produces and sells, the price of its output?
DedPeter [7]
The price output will go up
3 0
4 years ago
Which of the following is correct?
pogonyaev

Answer:

N. Most countries have had little fluctuation around their average growth rates during the past 120 years.

Explanation:

" Both measures reveal the same thing: between 1960 and the late-1990s, there was a widening of the world income distribution, at least when each country is a unit of observation. In the last decade or so, this pattern seems to have stabilized"

Reference: Jones, C. I. (2016). The facts of economic growth. In Handbook of macroeconomics (Vol. 2, pp. 3-69). Elsevier. p. 37

6 0
3 years ago
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