Accounts Receivable are located on the asset side of the balance sheet as the current asset.
Accounts receivable are the formed when company allows buyers to purchase on credit. it is the money owed by the company from its buyers.
It helps in the determining the company's strength by determining the accounts receivable ratios.
It is treated as current asset because it is liquid in nature as money due to the company is received in short time period.
It is recorded in the balance sheet because it is obligation for the customers to pay their debts to the company.
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Answer and Explanation:
The computation is shown below:-
a. Margin
Equity account = Number of shares × Price per share
= 400 × $28
= $11,200
Margin = Purchase price - Money borrowed from the broker
= $11,200 - $3,000
= $8,200
b. Remaining margin
Equity account = Number of shares × Price per share
= 400 × $18
= $7,200
Total liability = Borrowed amount × 1.12
= $3,000 × 1.12
= $3,360
Remaining margin = Equity value - Liability to the broker
= $7,200 - $3,360
= $3,840
Remaining margin ratio = Remaining margin ÷ Equity value
= $3,840 ÷ $7,200
= 53.33%
c. As per the information maintenance margin requires 30%
No, maintenance margin requires 30% and the remaining martin is 53.33% then it will no margin calls
d. Rate of return
Rate of return = (Return - Initial inventment) ÷ Initial investment
= ($3,840 - $8,200) ÷ $8,200
= -53.17%
Answer:
D : report form
Explanation:
A report format balance sheet lists account totals in vertical format where the assets are listed first at the top then liabilities, then shareholders' equity. All the account totals are listed on the right side of the report ; in simple terms, it vertically aligns the asset, liability, and equity accounts with the descriptions on the left and the account totals on the right. It also is easier to read than the account format balance sheet.
The indication for where the fact came from is called citation
A surf board shop for example. If you lived in a place like Ohio you’re not gonna have very many sales because there’s no ocean or surf parks near by. But if you lived somewhere like California you’re sales would be much better.
