Answer:
Kim's total profits on the three stocks at the end of the first day of trading is $2157.80
Explanation:
The closing day valuation of stocks needs to be compared with the prices at the IPOs opened that same day to ascertain whether or not a profit has been made.
The purchase price of IPOs =(750+370+260)*$24
=$33,120.00
Closing day valuation=($23.15*750+$27.43*370+$29.87*260)
=$35,277.8
0
The total profit on the day's transactions=$35,277.8
0-$33,120.00
=$2157.8
The total profits on the three stocks on first day is $2157.8
0
Answer: 72 cents
Explanation:
There will be a margin call when more than $1000 has been lost from the margin account so that the balance in the account is below the maintenance margin level. Because the company is short, each one cent rise in the price leads to a loss or 0.01×50,000 or $500. A greater than 2 cent rise in the futures price will therefore lead to a margin call. The futures price is currently 70 cents. When the price rises above 72 cents there will be a margin call.
Answer:
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts.
Explanation:
Well it is provided that in order to encourage savings in the country the government has planned to provide the interest tax free returns on these investments.
Now, it clearly means that earlier there were no tax savings on long term returns on investments like this.
Therefore, people who were already investing in long term savings will now be shifting to these savings account as will provide tax free return.
Thus, correct statement is D.
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts.
Answer:
$2,065,000
Explanation:
Based on the information given the maximum amount of cost that can be deducted in the year 2020 will be depreciable basis of the amount of $2,065,000 reason been that 100% is the bonus depreciation that is allowed under bonus election.
Therefore maximum amount of cost that can be deducted in the year 2020 will be the same amount of $2,065,000.
The correct options are as follows:
1. <span>In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
The scenario given above does not describe a competitive market. This is because, the product that is concerned is not a standardized product. For a market to be competitive, the product been sold must be identical and homogeneous.
2. T</span><span>wo taxi companies serve most of the market in a big city. consumers don't care which taxi company they take, if they decide it's worth taking a taxi, they flag down the nearest one.
</span>The scenario above does not describe a competitive market. This is because, the market is not made up of many sellers. For a market to be competitive, there must be many sellers.
3. The government has granted the U.S. postal service the exclusive right to deliver mail.
The scenario above does not describe a competitive market. This is because, the entry to the market had been restricted by the US government. For a market to be considered competitive, there must be free entry into the market, no barrier must be in place to prevent those who want to enter the market.
4. T<span>here are hundreds of high school students in need of algebra tutoring services in Philadelphia. dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same.
The scenario above describe a competitive market. This is because, it meets all the criteria for a competitive market. There are many producers, many consumers and a homogeneous product.</span>