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Zanzabum
3 years ago
15

Tate Industries stock is selling for $20 a share. You would like to purchase as many shares of this stock as you can. Your margi

n account currently has available cash of $4,500 and the initial margin requirement is 75 percent. What is the maximum number of shares you can buy
Business
1 answer:
AleksAgata [21]3 years ago
8 0

Answer:

300 shares

Explanation:

Calculation for the maximum number of shares you can buy

First step is to calculate the Maximum purchase

Maximum purchase = $4,500/.75

Maximum purchase = $6,000

Now let calculate the Maximum number of shares

Maximum number of shares = $6,000/$20

Maximum number of shares= 300 shares

Therefore the maximum number of shares you can buy is 300 shares

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Which one of the following statements does NOT describe a problem with using ROE as a performance measure? A. ROE measures retur
Ne4ueva [31]

Answer:

B) ROE is a forward-looking, one-period measure, while business decisions span the past and present

Explanation:

ROE is a forward-looking, one-period measure, while business decisions span the past and present, this statement does not describe a problem with using ROE as a performance measure.

7 0
3 years ago
Mark currently has a balance of $973.70 in an account he has held for 17 years. He opened the account with an initial deposit of
IrinaK [193]

Answer:

Simple interest= $273.7

Explanation:

<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>

<em> Simple interest is calculated as follows:</em>

Simple interest = Principal × Rate × Time

or

Simple interest = Future sum - Principal amount invested

DATA

Future sum- $973.70

Principal amount invested-700

Simple interest = 973.70 - 700=273.7

Simple interest= $273.7

5 0
3 years ago
Mike and Mary Jane Lee have a yearly income of $79,352 and own a house worth $102,100, two cars worth a total of $ 19,907 and fu
77julia77 [94]

Answer:

Total assets            $

Building                102,100

Motor vehicle       19,907

Furniture               <u>10.442</u>

Total assets          <u>132,449</u>

<u></u>

Total liabilities        $

Mortgage loan      58,347

Outstanding loan  2,567

Utility bills unpaid <u>242</u>

Total liabilities       <u> 61,156</u>

Debt ratio = Total liabilities   x 100

                     Total assets

Debt ratio = $61,156   x   100

                     $132,449

Debt ratio = 46.17%

Explanation:

In this case, there is need to calculate the total assets, which is the aggregate of building, motor vehicle and furniture.

We also need to calculate the total liabilities, which is the aggregate of mortgage loan, car loan outstanding and utility bills unpaid.

Debt ratio is obtained by dividing total liabilities by total assets multiplied by 100.

8 0
3 years ago
Determine whether an observational or experimental study is appropriate to address the following statement.
VARVARA [1.3K]

Answer:

Observational study

Explanation:

The appropriate study for a gas station owner who wants to find out whether customers are satisfied with the service they receive or not is "Observational Study."

Given that the Observational study is a type of research study or scientific investigation in which the researcher observes the effect of an action or activities such as risk factors, or outcomes without a direct impact on the intervention from the researcher.

In this case, the satisfaction of customers concerning the services they receive can only be observed by the researcher without influencing the services or how the customers perceived their level of satisfaction.

4 0
2 years ago
What is your employer required to have on fixed ladders that extend more than 24 feet in the workplace?
Dmitriy789 [7]

Answer:

B. Ladder safety or personal fall arrest systems

Explanation:

Under the provisions of OSHA laws, where the total length of a climb equals or is greater than 24 feet or 7.3 meters,  ladders must be equipped with one of the following safety devices.

  1. ladder safety devices
  2. Self-retracting lifelines, and rest platforms at intervals not to exceed 150 feet (45.7 m)
  3. A cage or well and multiple ladder sections with each ladder section not to exceed 50 feet (15.2 m) in length.

The safety devices are cautionary provisions to protect a climber should the unexpected happen.To ascend a height of 24 feet and more is exhausting, which poses a risk. The climber may feel dizzy or develop height phobia due to exhaustion.

5 0
3 years ago
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