1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
arlik [135]
3 years ago
10

A margin account has a market value of $24,000 and a debit balance of $20,000. The maintenance call will be for

Business
1 answer:
IrinaK [193]3 years ago
6 0

Answer:

The maintenance call will be for:

$20,000.

Explanation:

Operating a margin account means that the investor is permitted by her brokerage firm to buy securities with borrowed funds (or the broker's funds).  The maintenance call is the requirement made on the investor with this margin account (by her broker) to raise additional funds to ensure that the margin account is fully funded when it has reduced in value.  The investor with the above margin account is supposed to have a credit balance (equity) of $24,000.

You might be interested in
When Ann was traveling outside the United States, she found the perfect souvenir. Unfortunately, when she went to make the purch
Alecsey [184]

Answer:

Added overdraft protection feature to her checking account

Explanation:

Overdraft protection is a form of credit facility offered by banks. The facility allows transactions such as checks, electronic payments, and transfers to go through even if the account has insufficient funds.  Overdraft protection safeguards against bouncing payments, which attract heavy penalties.

Ann has a debit card. She can only shop with funds available in her accounts. Debit cards do not have an automatic credit feature. Ann should have activated overdraft protection on her debit card. She would have linked her savings account to her checking account so that the debit card can draw from her savings account. Savings accounts qualify for overdraft protection.

4 0
3 years ago
A special agent is authorized to:
Katena32 [7]
<span>c. handle all of the principal's affairs in one or more areas
</span>
3 0
3 years ago
The following totals for the month of June were taken from the payroll register of Arcon Company: Salaries expense $14,000 Socia
Eva8 [605]

Answer:

Option B is the correct answer,a credit to salaries payable for $10,350

Explanation:

First of all,the net payment of salaries of Arcon Company equal the gross salaries expenses of $14,000 minus the deductions except the federal unemployment tax of $210

Net pay=$14,000-$1,050-$2,600=$10,350

In to record the salaries,the salaries expense account would be debited with $14,000 while the social security and medical taxes payable and federal income taxes payable account are credited with $1,050 and $2,600 respectively.

The net pay of $10,350 is credited to salaries payable in expectation of actual payment

4 0
3 years ago
Researchers Bartlett and Ghoshal noted that in the modern global environment, competition is so intense that in order to survive
Lubov Fominskaja [6]

Competition is intense that in order to survive, a company must do all they can to provide local responsiveness.

<h3>What is competition?</h3>

It should be noted that competition simply means a rivalry between businesses.

In this case, researchers Bartlett and Ghoshal noted that in the modern global environment, competition is so intense that in order to survive, a company must do all they can to provide local responsiveness.

Learn more about competition on:

brainly.com/question/24877850

6 0
2 years ago
Labeling is important for three specific reasons, including promotional and legal reasons. What is the third reason? a. Packagin
NikAS [45]

Answer:

Informational

Explanation:

Labeling is important for three specific reasons, including promotional and legal reasons, the third reason is informational.

Labeling is an aspect of branding which makes it easier for product identification to be achieved. A label is a piece of information printed on the package of the product for recognition purposes; this also assist customers to make consumption decisions very quickly and easily.

6 0
3 years ago
Other questions:
  • In 2016, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients andearned $25,000. The client
    14·1 answer
  • Which of the following is quite often not incremental? Group of answer choices Direct material Direct labor Variable manufacturi
    15·1 answer
  • Iris Company has provided the following information regarding two of its items of inventory at year‐end: • There are 100 units o
    12·1 answer
  • Meadows Manufacturing follows the accrual system. An accrual results when ____________ and a deferral results when __________.
    11·1 answer
  • You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 40 years for your retirement. Yo
    8·1 answer
  • The S&amp;P 500 Index is one of the most commonly used benchmark indices for the US equity markets. Consisting of 500 companies,
    9·1 answer
  • What are some qualities needed by Commercial Artists? Check all that apply.
    9·2 answers
  • Which one of the following is not correct? For debt issued at par: interest expense reported on the income statement equals the
    6·1 answer
  • A manager makes the following statement to a subordinate: "I need this report back in five minutes, and it better be perfect." W
    14·1 answer
  • RyanRyan Street Barber Shop pays $ 30$30 per month for water for the first 12 comma 00012,000 gallons and $ 2.50$2.50 per thousa
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!