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slavikrds [6]
2 years ago
11

A customer sells short 1,000 shares of DT at $60 a share on Monday, October 14 and deposits the Regulation T margin requirement.

If on October 23 the stock is trading at $75 a share. What would be TRUE about the customer selling?
Business
1 answer:
ahrayia [7]2 years ago
3 0

Solution :

Adjusted Oct 23rd

Maintenance call will be issued, i.e. ,

$  75k x 0.3 = 22.5 k

Equity only = 15k

Therefore, the account will be adjusted on October 23rd and the margin maintenance call will be issued.

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3 years ago
Cullumber Corporation purchased 37000 shares of common stock of the Sherman Corporation for $52 per share on January 2, 2020. Sh
yawa3891 [41]

Answer:

Revenue from investment = 229,400

Explanation:

Given:

Purchased shares = 37,000

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Net income = $620000

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Revenue from investment = ?

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7 0
2 years ago
The primary advantage of being a limited partner is:
notka56 [123]
<h2>Maximum loss limited to their capital investment</h2>

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  • In case of limited partner, the advantage is that if there is a loss occurred it will" limit to their capital investment".
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  • There will not be any huge loss since the capital invested is limited.
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7 0
2 years ago
Expenses, Losses, Income and Gains are associated with______accounts.
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Answer:

Expenses, Losses, Income and Gains are associated with nominal accounts.

5 0
2 years ago
Read 2 more answers
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