Solve this Accounting problem You purchase 800 shares of Zephyr Corp. stockon margin at a price of $52 per share. Yourbroker requires you to deposit $20,400.1. What is your margin loan amount?2. What is the initial margin requirement?

Step 1:Margin loan is the amount which an investor can borrow upto the half of the total purchase…

Answered: You purchase 800 shares of Zephyr Corp.…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.1P

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What is your margin loan amount ? Accounting Problem
Your broker requires you to deposit
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You purchase 800 shares of Zephyr Corp. stock on margin at a price of $52 per share. Your broker requires you to deposit $20,400. 1. What is your margin loan amount? 2. What is the initial margin requirement?
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Subject: Financial Accounting
Provide answer general accounting
2. 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 neither
2. Assume F&S offers a “Fit 50” coupon book with 50 prepaid visits over the next year. F&S has learned thatFit 50 purchasers make an average of 40 visits before the coupon book expires. A customer purchases a Fit50 book by paying $500 in advance, and for any additional visits over 50 during the year after the book ispurchased, the customer can pay a $15 visitation fee per visit. F&S typically charges $15 to nonmembers whouse the facilities for a single day.a. How many separate performance obligations are included in the Fit 50 member deal? Explain your answer.b. How much of the contract price would be allocated to each separate performance obligation? Explain youranswer.c. Prepare the journal entry to recognize revenue for the sale of a new Fit 50 book.

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