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Kaylis [27]
2 years ago
5

Rosita purchased 300 shares of a stock for $37 a share. Today, the stock is selling for $41 a share. The initial margin requirem

ent is 70 percent and the maintenance margin is 30 percent. Rosita had to pay _____ in cash to purchase the stock and must have at least _____ in equity today.
Business
1 answer:
adoni [48]2 years ago
6 0

Answer: $7,770; $3,690

Explanation:

<em>Rosita purchased 300 shares of a stock for $37 a share. Today, the stock is selling for $41 a share. The initial margin requirement is 70 percent and the maintenance margin is 30 percent. Rosita had to pay </em><em><u>$7,770</u></em><em> in cash to purchase the stock and must have at least </em><em><u>$3,690</u></em><em> in equity today.</em>

Amount Rosie had to pay in cash:

= Number of shares * Value of shares * Initial margin requirement

= 300 * 37 * 70%

= $7,770

Least amount to have in equity:

=  Number of shares * current value of shares * maintenance margin

= 300 * 41 * 30%

= $‭3,690‬

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For imports:

You import when there is lack of production in your own country

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for exports:

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3 0
3 years ago
Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, the quantity sold increased to 60 pairs
grigory [225]

Answer:

The answer is: A) 0.6

Explanation:

First we will calculate the midpoint for units:

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Now we will calculate the midpoint for price:

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2 years ago
The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sol
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On January 1, Kirk Corporation had total assets of $860,000. During the month, the following activities occurred: -. Kirk Corpor
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$867,000

Explanation:

Assets are economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.

The Amount of Total Assets Available is calculated as follows:

Beginning Balance                                $860,000

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Cash payment for Supplies                      ($3,600)

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Total Assets                                            $867,000

7 0
2 years ago
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