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2 years ago

"The interest rate charged from the banks to broker-dealers on loans where securities are collateral is the:"

Business

1 answer:

vampirchik [111]2 years ago

6 0

Answer: broker loan rate

Explanation:

The broker loan rate is also refered to the call loan rate and it is the interest rate that is charged from the banks to broker-dealers on loans where securities are collateral.

It should be noted that the iterest rates that are given on broker loan rates are just a little above the short term interest rates.

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The winner of the first annual Tom Morris Golf Invitational won $105 in the competition which was held in 1899. In 2015, the win

antoniya [11.8K]

$25968406.94.

a. Computation of Effective Interest Rate

Future Value = Present Value * (1 + r)^n

Future Value = $1460000

Present Value = $105

n = Number of Years = 116 Years

Future Value = Present Value * (1 + r)^n

1460000 = 105 * (1 + r)^116

13904.76 = (1 + r)^116

1.0857 = 1 + r

Effective Interest Rate = 8.57%

b.Future Value in the year 2050

Future Value = Present Value * (1 + r)^n

Present Value = $1460000

n = Number of Years = 35 Years

Future Value = Present Value * (1 + r)^n

Future Value = 1460000 * (1 + 0.0857)^35

Future Value = 1460000 * 17.7866

Future Value in the year 2050= $25968406.94.

Learn more about interest rates at

brainly.com/question/25793394

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5 0

2 years ago

Emerging markets are _______. Question 1 options: A. developing economies where goods and services are directly exchanged for ot

sergey [27]

Answer:

C. low-income countries characterized by limited industrialization and stagnant economies

Explanation:

Emerging markets are economies of developing countries. They are traditional economies based on the export of raw material and subsistence agriculture. Emerging markets are trying to move away from these types of economies by investing in manufacturing and adopting mixed economy models. Emerging markets are transitioning from low income and less developed to industrialized economies with higher standards of living.

Lower than average per capita income characterizes emerging markets. They also experience moderate economic growth compared to the developed economy. However, emerging markets are presenting investors with an opportunity for high returns due to their rapid growth.

6 0

3 years ago

A firm reported sales of $300,000 during the year and has a balance of $20,000 in its Accounts Receivable account at year-end. P

Lena [83]

Answer:

A) $ 1,200

Explanation:

The firm has estimated that one half of one percent of credit sales is uncollectible.

Total credit sales $ 300,000

Estimated uncollectible accounts 0.5 %

Allowance for uncollectible accounts balance

$ 300,000 * 0.5 % $ 1,500

Available balance in allowance for uncollectible account $ 300

Additional amount to be recorded in allowance account $ 1,200

8 0

3 years ago

When A customer returns goods to the business

AysviL [449]

Answer:

If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back

Explanation:

5 0

3 years ago

Marjam Company owns 63,600 shares of MacKenzie Company's 120,000 outstanding shares of common stock. MacKenzie Company pays $120

Tems11 [23]

Answer:

Marjam's entry to record this transaction should include a c. Credit to Long-Term investments for $63,600.

Explanation:

Marjam investment in MacKenzie is a Financial Asset. A financial Asset is an obligation to receive cash.

Marjam will be paid a cash dividend based on the share of ownership it has in MacKenzie.

Share of Ownership = 63,600 shares/ 120,000 outstanding shares

= 53%

Marjam's entry to record cash dividends is as follows

Dividend = $120,000 × 53%

= $63,600

Debit : Bank $63,600

Credit : Long-Term investments $63,600

5 0

3 years ago