Answer: SMA Balance $40000
Explanation:
the Special Memorandum Account(SMA) Balance will remain at $40000 (1000 x $40). The SMA Balance does not decrease when the market value of the security decrease
Answer:
The answer is 31%
Explanation:
Hope you have a great day
Answer:
These two are cash equivalents:
Money market funds
Three-month Treasury bills
Because they represent short-term investments that a company makes with the goal of getting rid of any excess cash that would otherwise be left unused while it is losing value because of inflation.
In other words, the main goal of investments in money market funds and three-month treasury bills, is to prevent cash from losing value due to inflation, and because of that, those investments are considered cash equivalents.
