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valentina_108 [34]
3 years ago
14

A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order

to purchase 100 shares of LMN common stock at $25. With Regulation T at 50%, in order to be in compliance with all regulations, the client would need to deposit:___________
Business
1 answer:
Aleks04 [339]3 years ago
7 0

Answer:

$2,000

Explanation:

Data provided in the question

Number of shares purchased = 100 shares

Price of common stock = $25

Given percentage = 50%

Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000

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Stellar Company sells goods that cost $309,500 to Record Company for $415,500 on January 2, 2020. The sales price includes an in
Nina [5.8K]

Answer:

See explanation section

Explanation:

The journal entry to record the sale of goods is as follows:

January 2, 2020 Accounts receivable-Record Company   Debit  $415,500

                            Sales Revenue                      Credit          $370,000

                            Unearned service revenue  Credit           $45,500

As the selling price is $415,500, Stellar will receive $415,500 from Record company. However, the sales revenue is the selling price of the goods, which is $370,000. $45,500 is an installation fee for which Steller will give service for the next 6 months. Therefore, it is an unearned revenue assuming that the receivable will pay the money within a few months or earlier or before the service has been performed.

5 0
3 years ago
Ginger is a United States citizen who paid the following foreign income taxes: $10,000 tax paid to England on consulting fee inc
liberstina [14]

Answer:

$0

Explanation:

Ginger has to choose between claiming a tax credit of a deduction for income taxes paid to foreign countries. She has already claimed a $5,000 foreign income exclusion (for taxes paid in Spain), and she has already made the deduction for the $1,000 paid in taxes to France. She can also claim a deduction for the $10,000 paid in taxes to England.

Since she already claimed tax deductions, she can no longer claim a tax credit, it is either one or the other.

6 0
3 years ago
Population of the city of Atlantis on March 30, 2003 = 193,000 No. of new active cases of TB occurring between January 1 and Jun
zubka84 [21]

Answer:

4.77 × 10^-4

Explanation:

Given that

Population of the city of Atlantis on March 30, 2003 = 193,000

No. of new active cases of TB occurring between January 1 and June 30, 2003 = 92

No. of active TB cases according to the city register on June 30, 2003 = 338

So, the incident rate of active cases is shown below:

= (No. of new active cases of TB occurring between January 1 and June 30, 2003) ÷ (Population of the city of Atlantis on March 30, 2003  - No. of active TB cases according to the city register on June 30, 2003)

= (92) ÷ (193,000 - 338)

= (92) ÷ (192,662)

= 4.77 × 10^-4

5 0
3 years ago
A product is currently made in a process-focused shop where fixed costs are $10,000 per year, and variable cost is $50 per unit.
Goryan [66]

Answer:

Break even point will be 50 units

So option (D) will be correct answer

Explanation:

We have given fixed cost = $10000 per year

Variable cost is $50 per unit

Selling price = $250 per unit

We have to find the break even point for the operation

We know that break even point is equal to

Break even point =\frac{fixed\ cost}{selling\ price-variable \ cost}=\frac{10000}{250-50}=\frac{10000}{200}=50unit

So break even point will be equal to 50 units

So option (D) will be correct answer

7 0
3 years ago
Tyler Smithson owns Joe on the Run, a small chain of three cof- fee shops, all of which are facing a challenge that is common to
prohojiy [21]

Answer:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops  and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

Explanation:

A) To improve capacity the constraint that must be addressed is the preparation and dispatch constraint which is similar to all three shops.to address this a central preparation / dispatch center that serves all three shops the needed products should be created independently, with the primary purpose of mass preparation/dispatch to the coffee shops  and not attending to customers which hampers the production of the three shops.

B ) To improve efficiency: packaging should be made ready at the drive thru station so that customer who drive in can quickly pick up the package without having to queue up for long. also consider preparing some orders on the menu that attracts the most customers ahead of time this way the queue would be reduced.

C ) At store level to improve performance proper stock taking should be essential to ensure there is enough products on the menu to serve to the customers

7 0
3 years ago
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