Answer and Explanation:
Cash= 3,099+180-294-294= 2691
Accounts receivable= 3,460-180=3280
Supplies =1,029-729=300
Equipment= 4,029+729=4758
Accounts payable =2,895-206-260= 2429
unearned service revenue=1,429-554= 875
Service revenue= 2,609+801+554 3964
Salaries & wage expense 3,629+899-804= 3724
Find attached
Answer:
A. $42,500/20,000=$2.125 per share
B. Total dividend=50*2.125=$106.25
Explanation:
A. The dividend per share of the Super Widget Corporation can be calculated using the following formula:
Dividend per share=declared dividend amount/number of shares
=$42,500/20,000=$2.125 per share
B.Since the Kevin Rainey owns 50 shares of the Super Widget Corporation, therefore the total dividend of Kevin Rainey will be determined using the following formula:
Total dividend=50*2.125=$106.25
Answer:
The maintenance call will be for:
$20,000.
Explanation:
Operating a margin account means that the investor is permitted by her brokerage firm to buy securities with borrowed funds (or the broker's funds). The maintenance call is the requirement made on the investor with this margin account (by her broker) to raise additional funds to ensure that the margin account is fully funded when it has reduced in value. The investor with the above margin account is supposed to have a credit balance (equity) of $24,000.
