Who are the top three trading partners with the US?

Nancy checks her margin account and notices she has an SMA balance in her account. A 10% stock dividend was declared this mornin

hjlf

Answer:

Dividend declare has no impact on the SMA. RR would respond the following way.

Explanation:

SMA is known as “Special Memorandum Account”. It is simply a line of credit, neither cash nor equity. It is created with the market value of the securities increase in the value. The purpose of SMA is to maintain the buying power that is provided by unrealized gains towards the subsequent purchases. SMA is an appropriate way to maintain stable account value and minimize unnecessary accounts funding.

SMA increases with the increase in the value of the security, but does not decrease when the security falls in the value.

SMA is increased by the transactions such as cash deposits, interest income or dividend received or security sales. Dividend declared by the company creates a positive sentiments in the minds of investors. However, it will not create any impact on the SMA account, until it is actually received.

3 0

3 years ago

Read 2 more answers

On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t

Natasha2012 [34]

Answer:

See the explanation

Explanation:

Date Cash Interest Exp. Amortization Balance

----------------------------------------------------------------------------------------

Jan. 1, Year 1 48,813

End of Year 1 3,600 3,417 183 48,630

End of Year 2 3,600 3,404 196 48,434

End of Year 3 3,600 3,390 210 48,224

End of Year 4 3,600 3,376 224 48,000

----------------------------------------------------------------------------------------

Calculations:

Cash = 3,600 (Fixed amount)

Interest Exp. = 3,417 / 48,813 = 7%

End oy year 2:

Cash 3,600

Interest Expense 48,630 * 7% = 3,404

Amortization 3,600 - 3,404 = 196

End oy year 3:

Cash 3,600

Interest Expense 48,434 * 7% = 3,390

Balance 48,434 - 210 = 48,224

End oy year 4:

Cash 3,600

Amortization 3,600 - 3,376 = 224

Hope this helps!

3 0

3 years ago

Which of the following statements is false regarding the risk assessment component of internal control? a. Risk assessment inclu

natali 33 [55]

Answer:

Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.

Explanation:

Risk assessment is the process of identifying events that could potentially cause harm, to an individual, business or the environment and analysing them to get an acceptable tolerance level.

Risk assessment determines the likelihood of an event happening, it's impact, and tolerability the entity can take.

The environment is a major consideration of risk assessment, as risk is always inherent as business interacts with its environment.

7 0

3 years ago

Hexon Printing Company projected the following information for next year: Selling price per unit $80 Contribution margin per uni

Nonamiya [84]

Answer:

Break-even point in units= 5,500

Explanation:

Giving the following information:

Selling price per unit $80

Contribution margin per unit $40

Total fixed costs $120,000

Tax rate 40%

Desired profit= $60,000

<u>First, we need to calculate the earnings before tax:</u>

EBT= desired profit / (1 - t)

EBT= 60,000 / (1 - 0.4)

EBT= $100,000

<u>Now, the break-even point in units using the following formula:</u>

Break-even point in units= (fixed costs + EBT)/ contribution margin per unit

Break-even point in units= (120,000 + 100,000) / (80 - 40)

Break-even point in units= 5,500

5 0

3 years ago

A(n) _____ facilitates the development of organizational knowledge, skills, and tools to internally charter and manage projects

shepuryov [24]

A PROJECT MANAGEMENT OFFICE facilitates the development of organisational ............................
Project management office refers to a department within a business which defines and maintains standards for projects management within that organisation. It is the one that is responsible for setting standard which are used during the executions of projects by the company.

5 0

3 years ago