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3 years ago

Which of the following statements are TRUE regarding the sale of a long position in a restricted long margin account?

Business

1 answer:

tigry1 [53]3 years ago

6 0

Answer:

Explanation:

50% of the proceeds of the sale are credited to SMA

and

There is a 50% retention requirement of the sale for a restricted account

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Yuki888 [10]

Answer:

C.....................

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3 years ago

On October 1, Kelly Company received $25,500 for six months of rent, in advance. Kelly credited Rent Revenue, which is an altern

Nikitich [7]

Answer: The effect will be that the results will be distorted by registering a gain in the incorrect period, since 3 months correspond to the current year, from October-December and the rest corresponds from January-March of the following year.

The correct way to record these 3 months is as a liability (deferred income) when the income is realized they are taken to the income statement.

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3 years ago

Stilley Corporation had earnings after taxes of $438,000 in 20X2 with 200,000 shares outstanding. The stock price was $42.10. In

charle [14.2K]

Answer:

a) Earnings Per Share for 20X2 = 2.19

P/E ratio for 20X2 = 19.22

b) Earnings Per Share for 20X3 = 1.04

P/E ratio for 20X3 = 27.21

Explanation:

a) Compute earnings per share and the P/E ratio for 20X2.

The compute the earnings per share use the following:

Earnings Per Share for 20X2 = (Earnings after tax-Preference Dividend) / shares outstanding

$= \frac{438,000 - 0}{200,000} = 2.19$

Earnings Per Share for 20X2 = 2.19

Then find P/E ratio:

P/E ratio for 20X2 = Market Price per share / Earnings Per Share

$\frac{42.10}{2.19} = 19.224$

P/E ratio for 20X2 = 19.22

b) Compute earnings per share and the P/E ratio for 20X3.

The compute the earnings per share use the following:

Earnings Per Share for 20X3 =(Earnings after tax-Preference Dividend) / shares outstanding

$= \frac{208,000 - 0}{200,000} = 1.04$

Earnings Per Share for 20X3 = 1.04

Then find P/E ratio:

P/E ratio for 20X3 = Market Price per share / Earnings Per Share

$\frac{28.30}{1.04} = 27.21$

P/E ratio for 20X3 = 27.21

5 0

3 years ago

. Ellen has a thirty-year mortgage with level monthly payments. The amount of principal in her 82nd payment is $259.34, and the

Mila [183]

Answer:

Explanation:

See attached file for answer

7 0

3 years ago

Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but

Nata [24]

Answer:

merge law and equity

Explanation:

In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.

However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.

In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.

If this does not work he can use the law to compel them to comply.

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3 years ago