Answer:
A. Wednesday
Explanation:
On which of the given days do you get a margin call? On Wednesday
Margin account will falls below the maintenance margin of $2,000 after the market close on Wednesday.
The margin call will be $2,000 - [2,700 - (100,000 - 97,843.72)] =$1,456.28.
Answer:
You should expect the following when you sign an exclusive contract with a real estate agent as a buyer:
- the agent has to locate and identify potential properties that might interest you, and advice you about a fair market price
- the agent is responsible for reviewing the paperwork
- the agent is also responsible for preparing purchase offers, and other related services
You should expect the following when you sign an exclusive contract with a real estate agent as a seller:
- the agent has to locate and identify potential buyers that might be interested in your property, and try to obtain the best possible price.
- the agent is responsible for reviewing the paperwork
- the agent is also responsible for negotiating purchase offers
Answer:
$31.61
Explanation:
In order to determine the amount of interest charged you must first calculate the average daily balance:
average daily balance = [($2,030 x 9) + ($1,450 x 22)] / 31 = $1,618.39
Now we must calculate the daily interest rate:
daily interest rate = 23% / 365 = 0.063%
Finally we multiply the average daily balance times the daily interest rate times the number of days in the billing period:
interest charged = $1,618.39 x 0.063% x 31 days = $31.61
Answer:
At Price = 
Quantity demanded = 
At Price = 
Quantity Demanded = 
Now,
Above formula if used will give the correct answer related to Price Elasticity of Demand.
Another variant of above formula is also being used on prominent basis.
Utilization of any of the above Formula will give the ideal outcome in estimating Price elasticity of demand.
Answer:
D. debit Unearned Rent Revenue, $4720; credit Rent Revenue, $4720.
Explanation:
When the Cash was received for 6 month`s Rent the entry was :
Debit : Cash $28320
Credit : Unearned Rent Revenue $28320
At 31 July when 1 month`s rent expires the entry will be :
Debit : Unearned Rent Revenue (1/6 x $28,320) $4,720
Credit : Rent Revenue $4,720
thus
We reverse the liability - Unearned Rent Revenue and recognize Revenue for the month expired.
