Answer:
$18,750
Explanation:
The computation of cash or securities is shown below:-
Initial margin or cash or securities to be put into brokerage = Number of shares × current market price per share × Initial margin
= 300 × 125 × 50%
= $18,750
Therefor for computing the initial margin or cash or securities to be put into brokerage we simply applied the above formula.
Answer:
$494,000
Explanation:
Days Amount Estimated % Estimated amount
outstanding Uncollectible uncollectible
0-30 $420,000 2% $8,400
31-60 $140,000 5% $7,000
61-120 $100,000 10% $10,000
120+ $120,000 20% <u>$24,000</u>
Total <u>$494,000</u>
Thus, Jacobsen should report $494,000 as the amount of allowance for uncollectible accounts at December 31, 2021
Answer:
cash 1,000 debit
inventory 2,000 debit
land 5,000 debit
note payable 3,000 credit
Krug capital Account 5,000 credit
Explanation:
The land and inventories will be accepted at his market value.
Along with cash this are assets which enter the partnership so they are debited.
The note payable decreases the Krug capital contribution. It is credited.
Krug capital account balance will be to complete the entry and make debit = credit.
You can make purchases even when you don't have cash
B. because opportunity costs is giving up one benefit to gain another benefit.