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Zanzabum
2 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]2 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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Answer:

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Explanation:

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What does CPI stand for and what is it used to measure?​
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2 years ago
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
jeyben [28]

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

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Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

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Download xlsx
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3 years ago
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