Answer:
Option D is correct ($9,800)
Explanation:
Option D is correct ($9,800)
Given:
Shares Purchased of XYZ common stock= 700 shares
Margin at which shares are purchased= $40
Initial Margin= 65%
Required:
Amount you borrowed from the broker=?
Solution:
Amount you borrowed from the broker= Shares*Margin at which shares are purchased* (1-Initial Margin)
Amount you borrowed from the broker= 700*$40*(1-0.65)
Amount you borrowed from the broker= $9,800
<span>The amount of public university college professors required will rise but
the supply of workers in other like occupations will fall. So if the supply
decreases, and the demand goes high as expected, there will be a shortage of
public university college professors.</span>
A.a redistribution of funds from one individual to another individual in the economy
Explanation:
The adjusted journal entry is shown below:
Corp Laundry supplies Expense A/c Dr $6,580
To Corp Laundry supplies A/c $6,580
(Being the corp supplies expense is recorded)
It is computed below:
= Purchased value of laundry supplies - still on hand
= $7,990 - $1,410
= $6,580
The answer is correct but The options that are given are incorrect.