You purchase 700 shares of 2nd Chance Co. stock on margin at a price of $46. Your broker requires you to deposit $16,500. 1. What is your margin loan amount? 2. What is the initial margin requirement?
Q: Please solve this question general accounting
A: Step 1: Definition of Return on Stockholders' EquityThe rate earned on stockholders' equity measures…
Q: Which of the following equations properly represents a derivation of the fundamental accounting…
A: The Fundamental Accounting EquationThe accounting equation is the foundation of double-entry…
Q: Kindly help me with accounting questions
A: Step 1: Definitions of Net Sales: The total sales revenue after deducting sales returns and…
Q: Please help me
A: Explanation of Underapplied or Overapplied Overhead:Underapplied or overapplied overhead refers to…
Q: Please given correct answer general accounting
A: Calculate Total Income:Wages ($3,000) + Taxable Interest Income ($1,500) = $4,500. Determine…
Q: General accounting
A: Step 1: Definition of Average Number of Days' Sales in Accounts ReceivablesThe Average Number of…
Q: Answer this Question
A: Step 1: The information related to the non-refundable advance payments is (in millions):Customer…
Q: Don't give me incorrect solution
A: Explanation of Asset Turnover:Asset turnover measures how efficiently a company uses its assets to…
Q: BatCo makes metal baseball bats. Each bat requires 1 kg of aluminum at $20 per kg and 0.35 direct…
A: To compute the cost variance, we compare the actual cost with the standard cost and determine if the…
Q: What is the quick ratio on these financial accounting question?
A: Step 1: Calculation of quick assetsQuick assets generally include all the current assets except for…
Q: Provide correct answer general accounting
A: Step 1: Define Direct MaterialsThe materials that industries use to produce or to construct the…
Q: Find out accounting solutions
A: To calculate the Cost of Goods Sold (COGS) and Ending Inventory using the LIFO (Last-In, First-Out)…
Q: The lower of cost or net realizable value rule is an application of ?(a) Matching principle (b)…
A: Concept of Conservatism PrincipleThe conservatism principle emphasizes caution in financial…
Q: Gantner Company had the following department information about physical units and percentage of…
A: To calculate the total equivalent units for materials, we follow the weighted-average method. Since…
Q: ??
A: The question requires the determination of the Earnings per Share. Earnings per share (EPS) is a…
Q: Find out the estimated inventory
A: Explanation of Gross Profit Method:The gross profit method is a technique used to estimate inventory…
Q: Get correct answer general accounting questions
A: Step 1: Define Bad DebtBad debt is an expense that reduces the profitability of a company Bad debt…
Q: In a period of deflation (i.e. the per unit cost of inventory purchases decreases over time), which…
A: FIFO (First-In, First-Out):Inventory that is older and more expensive gets sold first.The newest…
Q: G Company budgets sales of $2,250,000, fixed costs of $62,900, and variable costs of $280,600. What…
A: Explanation of Contribution Margin: The contribution margin, calculated as $1,969,400 for G Company,…
Q: PROVIDE General Accounting Answer
A: To determine the amount of liabilities at the end of the year, we use the accounting equation:…
Q: What is the total assets for Riverstone products Ltd on these general accounting question?
A: Step 1: Define Accounting EquationThe Accounting Equation is the fundamental equation in accounting…
Q: Please solve this question general accounting
A: Step 1: Define Cash Conversion CycleThe time length between the payment for raw material purchases…
Q: Mize Company provided $45,500 of services on account and collected $38,000 from customers during the…
A: 1. **Revenue from services on account**: - Mize Company provided **$45,500 of services on…
Q: Total assets balance?
A: Step 1: Calculation of Average Total AssetsStep 2: Calculation of ending total assets
Q: General Account
A: The correct answer is:b. Property tax on the corporate headquarters. Explanation:Product Costs:…
Q: None
A: To evaluate the net benefit per day and the consumer surplus from the swimming pool in Gruberville,…
Q: None
A: Step 1: Definition of Return on Assets (ROA) and Return on Equity (ROE)Return on Assets (ROA): This…
Q: I need answer
A: Explanation of Total Manufacturing Cost:The total manufacturing cost represents the total expenses…
Q: Kindly help me this question general Accounting question
A: Step 1: Define Return On EquityOne of the financial ratios under ratio analysis is the return on…
Q: Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in…
A: Since the allowance for uncollectible accounts is calculated as 10% of the ending balance in gross…
Q: Financial accounting question
A: Step 1: Define Dividend Growth ModelThe dividend growth model is a popular method used by investors…
Q: Use the Following Data: Assets Liabilities Beginning of Year $25,000 $ 17,000 End of Year $ 62,000…
A: To answer these questions, we will use the accounting equation: Assets=Liabilities+Equity.…
Q: How much is reggies amount realized? General accounting
A: Step 1: Formula Amount realized = Amount received - Amount paid to broker Step 2: Substitution…
Q: East Bay Fisheries Inc. processes King Salmon for various distributors. Two departments are…
A: The weighted-average method combines the costs of beginning inventory and current period production…
Q: Cost ACCOUNT
A: To calculate the materials price variance (MPV), use the formula: Materials Price Variance…
Q: The table below summarizes the data that may be useful for evaluating one of the suppliers, Ling…
A: Approach to solving the question:Freeform Detailed explanation: The total evaluation score for Ling…
Q: Answer? ? Financial accounting
A: ROA Formula:ROA = Net Income / Total AssetsGiven:ROA=0.0900Rearranging to find Total Assets:Total…
Q: Assume the following sales data for a company: please answer the financial accounting question
A: Step 1: Define SalesSales can be defined as and can only process in which the buyer receives goods…
Q: What is the target price to obtain a 15% profit margin on sales?? General accounting
A: Calculation of Cost price per unitCost per unit = Total Cost / Units sold =…
Q: Don't use ai given answer accounting questions
A: To solve this problem, let's address each part step-by-step: a. Using the P/E ratio, compute the…
Q: can you solve # GENERAL ACCOUNT
A: Step 1: Understand Key ConceptsBook Value of Equipment:The book value represents the amount of the…
Q: Correct answer
A: Explanation of Units to Be Produced:Units to be produced refer to the total quantity of goods a…
Q: Hello tutor please provide correct answer general accounting
A: The question requires the determination of the expected return of a stock.The expected return is the…
Q: Total July sales are anticipated?? General accounting
A: Step 1: Define SalesSale is a term this is used for the activities which were performed by a company…
Q: Sheffield Corp. determines that 60000 pounds of direct materials are needed for production in July.…
A: Calculation of the Units of Direct Materials to be purchasedUnits of Direct Materials to be…
Q: Financial accounting question
A: Step 1:a. The current EPS is calculated as follows: PE ratio = Market price per share / Earnings per…
Q: General accounting question
A: Step 1: Definition of Depreciation ExpenseDepreciation expense is the allocation of the cost of a…
Q: RRR Stores has total debt of $6,666 and a debt-equity ratio of 0.59. What is the value of the total…
A: The question requires the determination of the total assets.Total assets represent the value of…
Q: Do fast answer of this general accounting question
A: Step 1: Define Switching CostsSwitching costs are those costs that customers have to pay when they…
Q: On January 1, 2024, Wright Transport sold four school buses to the Elmira School District. In…
A: To calculate the present value of the note, we need to use the formula for the present value of a…
Provide answer general accounting
Step by step
Solved in 2 steps
- Nikul2. An investor buys a bond for $5,000. The bond pays $125 interest every six months. After 18 months, the investor sells the bond for $4,839. Describe the types of income and/or loss the investor had. Review Only Click the icon to see the Worked Solution. The current income is $ (Round to the nearest dollar.) The investor would experience (1) in the amount of $ (Choose from the drop-down menu and enter a loss as a negative number rounded to the nearest dollar.) The total return on this investment is $ (Round to the nearest dollar.) (1) O a capital gain a capital loss neitherWhat is the holding period return on these financial accounting question?
- You purchase 800 shares of CUW at $71.51 using your full margin which as an initial margin of 70% (or 0.70). The maintenance margin is 45% (or 0.45). At what price will you get your margin call?" (Neglect any interest on the cash loan)Please solve these financial accounting question3. Assume you purchased a bond for $9,186. The bond pays $300 interest every six months. You sell the bond after 18 months for $10,000. Calculate the following: a. Income. b. Capital gain (or loss). c. Total return in dollars and as a percentage of the original investment. Review Only Click the icon to see the Worked Solution. a. The current income is $ (Round to the nearest dollar.) b. The capital gain (or loss) is $ (Enter a loss as a negative number and round to the nearest dollar.) c. The total return in dollars is $ (Round to the nearest dollar.) The total return as a percentage of the original investment is %. (Enter as a percentage and round to two decimal places.)
- For all questions work to 1 decimal place and assume VAT at 19%. You must justify each answer.1.- Make the entry of person requesting a Credit Note for 30% of an Invoice of $1.000 plus VAT, for purchase of forward stocks. 2.- Make the entry for issuer of a Credit Note for 30% of an Invoice of $1,000 plus VAT, for purchase of forward stock. Cost of which had been $600. Assume that stock is reusable.3.- What document should be issued by a supplier who sent more units than those required by his customer and in case the latter would like to keep those excess units. 4.- Under FIFO method, if you sold on credit at a unit price of $20, first 4 units at a cost of $10 each, then 4 units at a cost of $12 each and finally 4 units at a cost of $15 each, what should you record if 6 non-reusable units are returned to you, which you consider normal?5.- For a trading company it is better to buy locally, because if I import and do not sell, I must show the transfers as losses. Comment.The buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this schedule, find the annual compound rate of interest earned on the investment. An investor purchases 105 shares of stock at $60 per share, holds the stock for 55 years, and then sells the stock for $135 a share. The formula required to solve this problem: A=P(1+i)n, where i = r/m and A is the amount at the end of n periods, P is the principal value, r is the annual nominal rate, m is number of compounding periods per year, i is rate per compounding period, and n is total number of compounding periods. The annual rate of interest is ______ %Do fast answer of this accounting questions