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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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initiating
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Jessica bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $250 less than the desktop. She
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Answer:

Let desktop cost = x

Let laptop cost = x - 250

According to equation:

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Answer:

Innovative change

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8 0
3 years ago
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale c
vova2212 [387]

Answer:

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In the attached picture, Your will see average costs calculated and the inventory values for March 5, 9, 25, and 29.

4 0
2 years ago
Which of the following is added to net income to reconcile to cash from operations?
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