Answer:
25%
Explanation:
The formula to compute the equity in the long margin account is
long market value - debt = equity
Also we know that the account will be at maintenance if the equity is 25% of the long market value
Here 25% represents the equity so 75% would be debit
And, the drop in the market value is of
= $90,000 ÷ 0.75
= $120,000
So at this point, the equity is $30,000
Now the margin percentage is
= $30,000 ÷ $120,000
= 25%
Answer:
$923.077
Explanation:
Data provided in the question:
Face value of the bond = $1,000
Interest rate = 6% = 0.06
Comparable interest rate = 6.5% = 0.065
Now,
The amount of annual interest on the bond
= Face value × Interest rate
= $1,000 × 0.06
= $60
Therefore,
the approximate dollar price for selling the bond
= ( Dollar amount of annual interest ) ÷ ( Comparable interest rate )
= $60 ÷ 0.065
= $923.077
Answer:
Correct option is (D)
Explanation:
Given:
Cost for typing for the first time = $5 per page
Cost of revision = $3 per page each time.
Number of pages in the manuscript = 100
Cost of typing 100 pages for the first time = 100 × 5 = $500
Cost of 40 pages revised once = 40 × 3 = $120
Cost of 10 pages revised twice = 10 × (3 × 2) = $60
Total cost of manuscript = 500 + 120 + 60
= $680
Answer: B. $892.1 million
Explanation:
The Revenue was $939,393 million
When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.
Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.
Increase in Receivables = 309,196 - 221,504
= $87,692 million
Increase in Deferred Revenue= 374,730 - 334,358
= $40,372 million
The Cash generated is therefore;
= 939,393 - 87,692 + 40,372
= $892,073
= $892.1 million
I have attached the Financial Statements of Acme Corporation.