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3 years ago

A customer has an existing margin account that shows the following:

Business

1 answer:

adell [148]3 years ago

5 0

Answer:

The answer is option C

Explanation:

Long Market Value - Debit = Equity %

$100,000 $60,000 $40,000 40%

If the market value declines to $60,000, the account will now show:

Long Market Value - Debit = Equity %

$60,000 - $60,000 = $0 ( 0% )

Minimum margin is 25% of market value, i.e 25% of $60,000 = $15,000.

Therefore the customer will receive a maintenance call for $15,000.

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The tool that is used in situations when programmed decision making is appropriate is a _____ plan.

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A standing plan is the answer.

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3 years ago

Advertising can play a major role in ____________and promoting cultural norms, which has drawn criticism from advocacy groups ar

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Answer:

C) propagating certain cultural stereotypes

Explanation:

This is true not only for advertising but also for many mass media products. The problem is that sometimes reality is very different than the stereotypes that are portrayed.

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3 years ago

Google: How to be successful?

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3 years ago

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme

hjlf

Answer:

$17.97 per unit

Explanation:

Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.

Equivalent units = 8,500 + 2,000*90%

Equivalent units = 8,500 + 1,800

Equivalent units = 10,300

Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units

Cost per equivalent unit for materials = ($13,000 + $172,100) / 10,300 units

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3 years ago

Alliance Company budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 3 p

Eddi Din [679]

Answer:

Total direct material needed in pounds= 101,400 pounds

Explanation:

Giving the following information:

Each finished unit requires 3 pounds of raw material K that costs $3.00 per pound.

Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials.

The January 1 inventory for this material is 25,200 pounds.

Production:

January= 24,000 units

February= 28,000 units

<u>Direct material budget:</u>

Production= 24,000*3= 72,000 pounds

Desired ending inventory= (28,000*0.35)*3= 29,400 pounds

Total direct material needed in pounds= 101,400 pounds

Purchases= production + desired ending inventory - beginning inventory

Purchases= 101,400 - 25,200

Purchases= 76,200 pounds

Direct material purchase cost= 76,200*3= $228,60

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3 years ago