Answer: = $2,500
Explanation:
Given that,
Beginning accounts receivable = $3,500
Credit sales = $5,000
Collected cash on accounts = $6,000
Ending balance in accounts receivable = Beginning accounts receivable + Credit sales - Cash collections
= $3,500 + $5,000 - $6,000
= $2,500
Answer:
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<span>A monopolistically competitive market could be considered inefficient because price exceeds marginal cost. A monopolistic competitive market is defined as imperfect </span>competition because there are many producers that sell products that differentiate from each other. Because these products differentiate between how they branded and their quality they are not able to be perfect substitutes for one another.
Answer: $1000
Explanation:
From the question, we are informed that a customer's restricted margin account shows the following: LMV $30,000 DB $16,000 SMA $0 If the customer sells $2,000 of securities.
Based on the above analysis, the customer can only withdraw $1000. This is because since $2000 worth of securities are sold, half of it which is $1000 will be credited to SMA which is the withdrawable amount.