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marusya05 [52]
3 years ago
8

A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The broke

rage firm can do all of the following with the customer's securities EXCEPT: A commingle the customer's securities with those of other customers B lend the stock to another customer who wishes to effect a short sale C commingle the customer's securities with securities owned by the brokerage firm D pledge the customer's securities to a bank for a loan
Business
1 answer:
Mariana [72]3 years ago
8 0

Answer:

A,B and D.

Explanation:

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3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?
Andru [333]

Complete Question:

The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

a.  Checks outstanding totaled $19,427.

b.  A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement.

c.  The bank collected $26,500 on a $25,000 note, including interest of $1,500.

d.  A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.

e.  A check drawn for $195 had been erroneously charged by the bank as $915.

f.  Bank service charges for June amounted to $55.

Answer:

Pala Medical Co.

Cash amount in the balance sheet = $189,281

Explanation:

a) Calculations:

Adjusted Cash balance at June 30, 20Y1

Cash balance                      $166,436

c) Note received by bank      25,000

c) Interest on the note             1,500

d) Returned check                 (3,600)

e) Bank charges                         (55)

Adjusted cash balance     $189,281

b) Balance as per bank statement = $195,688

a.  Checks outstanding totaled           ($19,427)

b.  A deposit of                                     $12,300

e. Overstated cheque                               720

Adjusted bank statement balance   $189,281

c) Preparing a bank reconciliation helps to identify discrepancies between the cash book balance of Pala Medical Co and the company's bank statement balance.  After the necessary adjustments, the two balances always agree and the adjusted figure is taken to the balance sheet.

4 0
3 years ago
Mason Mills management works hard to ensure that nobody in its organization has more than one boss and all workers are treated w
anastassius [24]

Answer:

Fayolism

Explanation:

Based on the information provided within the question it seems that the management of Mason Mills reflects the ideas and principles of Fayolism. This is a management theory developed by Henri Fayol, which states 14 principles explaining how management should communicate and lead their workers. Many of which state the importance of organization within the business in order for workers to know who to report to and keep everything running efficiently.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
1. R 20 million of new investment has been added to the South African economy, the current MPS is
gogolik [260]

Answer:

Yes

Explanation:

because south Africa can't put the money on the side

6 0
2 years ago
XYZ, Inc. just paid an annual per share dividend of $3.50. Dividends are expected to grow at a rate of 3% per year from here on
Agata [3.3K]

Answer:

P0 = $42.4117 rounded off to $41.41

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

D0 is the dividend paid  recentl

D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

First we need to calculate the required rate of return on this stock using CAPM.

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rpM is the market return

r = 0.025 + 2 * (0.07 - 0.025)

r = 0.115 or 11.5%

Using the constant growth of dividend formula,

P0 = 3.5 * (1+0.03)  /  (0.115 - 0.03)

P0 = $42.4117 rounded off to $41.41

3 0
3 years ago
Jessica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1).
Arlecino [84]

Answer:

a. $15,000

b. $10,000 & $3,000

c.  $3,000

Explanation:

a. The amount of loss deducted in a year will be equal to the stock basis in the company.

The excess amount of loss will be carry to the future years and deducted, if there is conditional stock basis in the company.

The amount is Jessica allowed to deduct in year 1: ($45,000 x 1/3) = $15,000

b. Her stock and debt bases in the corporation at the end of year 1:

=> Stock basis at the end of year 1: $10,000 - $10,000 = 0

=> Remaining amount of loss: $15,000 - $10,000 = $5,000 => Remaining loss: $5,000 - $3,000 = $2,000

So, Jessica has a suspended loss of $2,000 at the end of year 1

c. The profit is $12,000

Share of J: $12,000 x 1/3 = $4,000

Out of this $4,000, the $3,000 (one-third) will be its debt basis and $1,000 will be stock basis.

The amount of $2,000 loss will first be deducted from the stock basis and then from the debt basis.

3 0
3 years ago
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