Answer:
Isn’t "corporate entrepreneurship" an oxymoron?
I guess that most people would believe that corporations and entrepreneurs and completely opposite, and for the most part they are right. But some corporations actually do have entrepreneurial spirit or at least try to. E.g. 3M is famous for allowing their employees some creative time so that they can come up with new ideas. Google is another example of a large corporation that allows for creative time while at work.
Do the characteristics of an established organization, such as its routines and structure, increase efficiency but at the same time kill any entrepreneurial spirit?
Routines, schedules and corporate structure not only kill, but they rather massacre and exterminate entrepreneurial spirit and creativity. One great example of how corporations do not allow people to think or act differently can be seen in the movie about Ford competing in Le Mans.
Is there any way that a company can have the best of both worlds?
I guess that it is difficult, but not impossible for a company to have corporate entrepreneurship. The problem is that corporations will probably believe that it is a waste of money to pay for their employees to do nothing and just wander around thinking about new ideas. Creativity has a cost and not everyone is willing to pay for it.
One year ago, the Jenkins Family Fun Center deposited $3,500 in an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,300 to this account. They plan on making a final deposit of $7,500 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a 7 percent rate of return
Answer:
Total FV= $21,043.97
Explanation:
Giving the following information:
Interest rate= 7% compounded annually
To calculate the total accumulated future value, we need to use the following formula on each deposit:
FV= PV*(1+i)^n
Deposit 1= 3,500*1.07^5= 4,908.93
Deposit 2= 5,300*1.07^4= 6,947.22
Deposit 3= 7,500*1.07^3= 9,187.82
Total FV= $21,043.97
Micro, Inc., started the year with net fixed assets of $75,300. At the end of the year, there was $96,700 in the same account, and the company's income statement showed depreciation expense of $13,270 for the year. What was the company's net capital spending for the year?
Answer:
$158,730
Explanation:
Mario incoporation started the year with a net fixed assets of $75,300
At the end of the year the net fixed assets was $96,700
The depreciation expense is $13,270
Therefore the company's net capital spending for the year can be calculated as follows
= $96,700+$75,300-$13,270
= $172,000 - $13,270
= $158,730
Hence the company's net capital spending for the year is $158,730
What causes unemployment post-keynesianism?
Answer:
involuntary employment
Explanation:
The Post-Keynesianism view is that effective demand is the main determinant of economic performance.
Thus, Keynesianism states that in an economy where there is a significant reduction in demand, it will affect the labor market which further leads to lower wages.
For example, an airline that has 100 workers is experiencing a sharp decline in demand (of flight bookings) because of a government lockdown may decide to cut down their staff capacity ad a result. leading to involuntary employment.
Which term refers to the possibility of an investor losing some or all of an investment?
O risk
0 likelihood
O probability
O chance
Answer:
The answer is Risk because every time a stock holder or/and investor puts money into someone else company/business, it's not promising that they'll get their profit back because the company/business may not expand as they intended too.
The term investment risk refers to the possibility of an investor losing some or all of an investment. Hence, option A holds true.
What is an investment risk?An investment risk is the term that relates to the chances that determine the status of an investment in such class where there is no certainty in gaining good or substantial amount of returns.
Risks of an investor cannot be predicted, however, there are steps to divide the risks by investing in different classes of assets or debts as per the risk profile of an individual investor. A risk is directly related to the effect of profitability of an investment.
Hence, option A holds true regarding investment risk.
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On December 31, 2016, the accounts of Leuz Architect Services showed credit balances in its Common Stock and Retained Earnings accounts of $60,000 and $30,000, respectively. The company's stock issuances for 2017 totaled $12,000, and it paid $10,000 cash dividends in 2017. During 2017, the company had net income of $33,000. What is the total stockholders' equity for Leuz Architect Services at December 31, 2017
Answer:
The total stockholder's Equity at December 31, 2017 is $125,000
Explanation:
December 31, 2016
Common Stock $60,000
Retained Earnings $30,000
Stockholder's Equity $90,000
Now, we add the $12,000 stock issuance to common stock, and substract the $10,000 dividend payment from retained earnings.
2017
Common Stock $72,000
Retained Earnings $20,000
Stockholder's Equity $92,000
Finally, we add the net income of $33,000 to retained earnings
December 31, 2017
Common Stock $72,000
Retained Earnings $53,000
Stockholder's Equity $125,000
Golf Guide sells imprinted clothing and accessories for golfers through a catalog. To find new customers, Golf Guide sends a small catalog to names selected from mailing lists. The company mails out catalogs at a cost of $3,100 per thousand pieces mailed, and can expect a response rate of 6%. All responders become customers. Calculate the cost per customer acquired implied by these numbers. Round to the nearest penny.
Answer:
Cost per customer acquired = $51.67
Explanation:
Customer acquired per thousand pieces mailed = 1000*6% = 60
Total cost per thousand pieces mailed A $3,100
Divide by Customers acquired B 60
Cost per customer acquired A/B $51.67
Rousey, Inc., had a cash flow to creditors of $16,920 and a cash flow to stockholders of $7,496 over the past year. The company also had net fixed assets of $49,680 at the beginning of the year and $57,100 at the end of the year. Additionally, the company had a depreciation expense of $12,228 and an operating cash flow of $51,069. What was the change in net working capital during the year?
Answer:
Change in net working capital during the year is $7,005
Explanation:
Given the above data,
Cash flow from assets = Cash flow to creditors + Cash flow to shareholders
= $16,920 + $7,496
= $24,416
Opening cash flow from financial assets = Operating cash flow - *Net capital spending - Change in net working capital.
$24,416 = $51,069 - ($57,100 - $49,680 + $12,228 - Change in working capital
$24,416 = $51,069 - $19,648 - Change in net working capital
$24,416 = $31,421 - Change in net working capital
Change in net working capital = $31,421 - $24,416
Change in net working capital = $7,005
Please note that net capital spending = net fixed assets at the end - net fixed assets at the beginning + depreciation expenses.
On December 31, 20x9, Pathos Food Service’s management decided to sell the Baclava division which has book value of $810,000. Management believes the division can be sold for $705,000 after spending $101,000 in sales costs. Baclava reported a monthly income of $29,000 in 20X9 and a monthly loss of $11,000 in 2x10. The division meets the rules to be classified as an asset held for sale as well as qualifying as a discontinued operation. The division sold for $692,000 on March 31, 2x10. Ignore income taxes. What does the company report as discontinued operations in 2x10?
Answer:
$11000
Explanation:
In general terms, assets held for sale are not depreciated, are measured at the lower of carrying amount and fair value fewer costs to selling, and are presented separately in the statement of financial position The company will report $11000 in 2x10 despite meeting criteria to be classified as held for sale, a loss is still elgibe to count down in the period in which it occurs. In this case, only one-month loss is counted.
A registered representative suggests and then implements a strategy in a client's portfolio. This strategy involves the RR coming up with certain determinations in relation to an appropriate distribution of investments in the client's account and the maintenance of this mix of investments over time. Which of the following most accurately describes the strategy that has been implemented? (A) The RR is using only a technical analysis approach to allocation. (B) The RR is using capital asset pricing model to determine allocation. (C) The RR is using a form of asset allocation for the client. (D) The RR is using a strategy purely focused on diversification for the client.
Answer:
(C) The RR is using a form of asset allocation for the client.
Explanation:
Given that Asset allocation is a term that describes the undertaking of an investment technique. This technique tries to offset risk with reward by diversifying the proportion of each asset in an investment portfolio based on the investor's preference, which is influenced by risk tolerance, and investment period.
Hence, in this situation, the right answer is option C: The RR is using a form of asset allocation for the client.
Which of the following functions does not require financial markets?
a. Retention of cash by corporations
b. Provision of liquidity
c. Risk reduction by investment in diversified portfolios
d. Provision of pricing information
Answer:
The answer is A.
Explanation:
Financial markets do all of the options except retention of cash by corporations. Financial market does not have thr ability to determine the amount of cash that corporation keeps.
Financial markets provides liquidity by making sure corporations are able to access loans/bonds at every time .
It reduces risk by engaging in diversified portfolio.
Answer:
A. Retention of cash by Corporations.
Explanation:
The financial market, as the name depicts, is a marketplace that gives a platform for the sale and purchase of financial assets and commodities, such as stocks, bonds, derivatives, and foreign exchange. Liquidity, risk reduction, and pricing information are all functions of financial markets. But the option Retention of cash by corporation does not require the financial markets.
You are a member of the senior management staff at XYZ Corporation. You have historically been using a functional structure set up with five departments: finance, human resources, marketing, production, and engineering. Create a drawing of your simplified functional structure, identifying the five departments. Assume you have decided to move to a project structure. What might be some of the environmental pressures that would contribute to your belief that it is necessary to alter the structure? With the project structure, you have four projects currently ongoing: stereo equipment, instrumentation and testing equipment, optical scanners, and defense communications. Draw the new structure that creates these four projects as part of the organizational chart.
Answer and Explanation:
Please find diagram attached
Organizational structure can be depicted using the organizational chart showing how the different departments are arranged in such a manner as to suit the organization and be directed firmly towards its goals
B. Different organizational structure exists for different organizations depending on the type of business the company is into. A company would define it's organizational structure based on such things as market changes and competition to enable flexibility and actionable and quick responses to changes. This is done to enable quick and effective decision making for a constantly changing business environment
XYZ Corporation
Finance Human Resources Marketing Production Engineering
XYZ Corporation
Stereo equipment ------> Instrumentation-------> Testing equipment------> Optical Scanners---------> Defense communications
An organizational structure is how an organization is arranged with respect to the hierarchy and their various functions within the organization.
This helps to make sure that the organizational goals and visions are being met as this would help to keep focus of the group to achieve their common goal.
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During 2024, Passage Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts: 2021 $60,000 understated 2022 $75,000 overstated Prior to any adjustments for these errors, working capital at December 31, 2023, would be:
Answer: $75,000 overstated
Explanation:
Inventory errors will correct themselves automatically over a 2 year period because they will balance each other out. For instance an inventory overstatement in one year will increase revenue but because it will be higher than it should be as the opening balance of the next year, it will reduce revenue by an equal amount in that year.
The only relevant error therefore is the 2022 error.
Inventory is overstated by $75,000 which means it will inflate the Net Working Capital by the same amount.
A customer wishes to invest in real estate, believing that current market prices are depressed and that they are ready for a major rebound. The customer wishes to make an investment that offers diversification and liquidity. Which type of real estate investment would be a suitable recommendation
Answer: Real Estate Investment Trust
Explanation:
The options are:
A Real Estate Limited Partnership
B. Real Estate General Partnership
C. Real Estate Investment Trust
D. Real Estate Time Share
From the options given, the real estate investment trust is the only liquid investment. It is identical to a closed-end fund because its shares are being listed and traded just like every other stock.
It should be noted that for both Real Estate Limited Partnerships and the Real Estate General Partnerships, there is no trading market for them as they're highly liquid while the Real Estate Time Shares are vacation product and not investment.
g Christine has a current annual income of $80,000 but estimates she will need nominal income of $120,000 when she retires in 20 years. Her retirement portfolio is expected to earn 6% annually over time and she assumes inflation will average 2% a year over time. She estimates her retirement stage of life will last 25 years. If her nominal income remains constant, the amount she needs in her retirement portfolio to finance her retirement stage of life is closest to: A. $1,626,040. B. $1,964,420 C. $1,890.290. D. $2,389,670. E. 2,003,700.
Answer:
A. $1,626,040
Explanation:
Since we are dealing with nominal values, we do not need to adjust them to inflation. We are given the following information:
Christine expects to live 25 years after retiringher retirement account earns 6% annuallyshe expects to withdraw $120,000 per yearthis is an ordinary annuity and we must determine its present value (in 25 years):
present value = 120,000 x 12.783 (PV annuity factor, 6%, 25 periods) = $1,533,960
the closest option is A. $1,626,040
In order to make a decision utilizing a decision tree, you must:___________.a. start at the most distant point in time and work backwards to Time 0.b. begin at Time 0 and work towards the most distant point in time.c. start at the top of the tree and work vertically downward to the very bottom.d. start at the middle of the tree and work both upwards and downwards simultaneously.e. concentrate only on the limbs with the highest probability of occurrence levels.
Answer:
In order to make a decision utilizing a decision tree, you must:___________
b. begin at Time 0 and work towards the most distant point in time.
Explanation:
Decision trees are built up by starting from the present with the overarching objective (goal) in mind. Then, one classifies the information along various branches and leaf nodes, with each branch representing the outcome of an alternative route or a question answered based on the likelihood of the event happening. Each leaf node represents a class label (decision taken after computing all attributes). This structure can be used to predict likely values of data attributes.
Bumblebee is a toy manufacturing company. Though the company has been effective in managing its resources without any wastage, its productivity efficiency report shows a decrease in the year 2013 when compared to the previous year. This outcome indicates that its productivity is _____.
Answer:
Efficient but not effective
Explanation:
Effective production is a term often used in business operations to describe a situation in which a company produces commodities with the utmost output from a given input or resources.
On the other hand, Efficient Production is a term that describes a situation in which a company produces commodities at the minimum likely cost.
Hence, in this case, it can be determined that Bumblebee's productivity is EFFICIENT by managing its resources without any wastage, but not EFFECTIVE because there is a decrease in production in the year 2013 when compared to the previous year.
Crane Flight Services contributes $25 a week to Helen's retirement plan starting immediately. Assuming she works for Crane for another twenty-two years and the applicable discount rate is 4 3/4%. Given these assumptions, the value of this employee benefit today is closest to: (state your answer to 2 decimal places)
Answer:
The value of this employee benefit today is closest to $17,758.66
Explanation:
Crane Flight services per week contribution C = $25
Discount rate per r=4.75%
Discount rate per week r= 4.75% / 52 =0.0913%
Total Payment N = $52 * 22 years = $1,144
Current value of employee benefit P = C*(1+r)*(1-(1+r)^-N)/r
P=25*(1+0.0913%)*(1-(1+0.0913%)^-1144)/0.0913%
P = 25 * (1.000913) * (1 - (1.000913)^-1144)/0.000913
P = 25 * (1.000913) * 1 - 0.3520453/0.000913
P = 25 * (1.000913) * 709.6985
P = 17758.661368
P = $17,758.66
Lawler Manufacturing Company expects annual manufacturing overhead to be $810,000. The company also expects 45,000 direct labor hours costing $1,350,000 and machine run time of 20,250 hours. Calculate predetermined overhead allocation rates based on direct labor hours, direct labor cost, and machine time. (Round direct labor cost to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)
Answer:
A. Overhead allocation rates based on direct labour hours = $18 per direct labour hour
B. Overhead allocation based on direct labour cost = 0.6
C. Overhead allocation rates based on machine time = $40 per machine time hour
Explanation:
Here, we are interested in having some calculations done; We proceed as follows;
From the question, the total overhead = 810,000
Mathematically;
a. The overhead allocation rates based on direct labour hours = Amount of total overhead/Total direct labour hours
= 810,000/45,000 = $18 per direct labour hour
b. The overhead allocation based on direct labour cost = Amount of total overhead / Total direct labour costs
= 810,000/1,350,000 = 0.6
C. Overhead allocation based on Machine time = Amount of total overhead/total machine time hours = 810,000/20,250 = $40 per machine time hour
An increasing amount cash flow has been projected for an investment in renewable energy. Based on an increases in the amount charged per unit of energy and growth in energy use, the payment of 3800 per period with the first payment one period from now is expected to increase by 300 each period thereafter for a total of 18 periods. Using a discount rate of 11.0 percent, what is the present worth of this payment stream?
Answer:
The present worth of this payment stream is 48,942.42.
Explanation:
To calculate the present worth of the payment stream, the formula for calculating the present value of a growing annuity is used as
follows:
PW = (P / (r - g)) * (1 - ((1 + g) / (1 + r))^n) .................... (1)
Where;
PW = Present worth of the payment stream = ?
P = Payment per period = 3800
r = interest per year = 11.0%, or 0.11
g = growth rate of payment per period = 300 / 3800 = 0.0789473684210526
n = Number of period = 18
Substituting the values into equation (1), we have:
PW = (3800 / (0.11 - 0.0789473684210526)) * (1 - ((1 + 0.0789473684210526) / (1 + 0.11))^18)
PW = (3800 / 0.0310526315789474) * (1 - (1.0789473684210526 / 1.11)^18)
PW = 122372.881355932 * (1 - 0.97202465623518^18)
PW = 122372.881355932 * (1 - 0.60005500664059)
PW = 122372.881355932 * 0.39994499335941
PW = 48,942.42
Therefore, the present worth of this payment stream is 48,942.42.
Jessica owns a small trading company. The company buys small vending machines from a manufacturer and sells them to the a retailer, thus making a profit. Why are these vending machines a part of the trading firm’s current assets?
A.
the vending machines market value is lower than their original cost
B.
the vending machines are a part of the company’s income
C.
the vending machines are a part of the company’s expenses
D.
the vending machines are to be sold and converted into cash within the normal period of operation
E.
the vending machines could be sold at a loss
Answer:
is the letters B
Explanation:
Which two of the three financial statements would you find Net Income on?
A) Income Statement and Balance Sheet
B) Balance Sheet and Cash Flow Statement
C) Income Statement and Cash Flow Statement
D) Net Income is on all three statements.
Answer:
C) Income Statement and Cash Flow Statement
Explanation:
The Income Statement shows a clear separate entry for the Net income which is calculated after all the deductions and additions.
Net Income is the first balance shown on the cash flow statement after which the calculations are carried out to find the flow of cash in and out of the company.
Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings or shown as a change in equity.
So best answer is C because the question asked is where would you find Net Income on?
Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.
Otherwise it is present on all three statements ( on balance sheet as part of retained earnings or equity).
Kresley Co. has provided the following 20X5 current account balances for the preparation of the annual Statement of Cash Flows: January 1 December 31 Accounts receivable $11,500 $14,500 Allowance for uncollectible accounts 400 500 Prepaid rent expense 6,200 4,100 Accounts payable 9,700 11,200 Kresley's 20X5 net income is $75,000. Net cash provided by operating activities in the Statement of Cash Flows should be
Answer:
Net cash provided by operating activities in the Statement of Cash Flows should be $75,700.
Explanation:
Prepare the Cash Flow from Operating Activities Section of the Cash Flow Statement using the Indirect method as follows :
Cash Flow from Operating Activities
Net Income for the year $75,000
Adjustment for non-cash items :
Increase in Allowance for uncollectible accounts $100
Adjustment for changes in working capital :
Increase in Accounts receivable ($3,000)
Decrease in Prepaid rent expense $2,100
Increase in Accounts payable $1,500
Net Cash from Operating Activities $75,700
Identify a few examples of incentives that someone might encounter in his or her daily life. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Receiving five cents for recycling glass bottles checked Going grocery shopping unanswered Parking fines for illegal parking checked Meeting friends unanswered Tax breaks for 401(k) retirement contributions checked
Answer:
Receiving five cents for recycling glass bottles Parking fines for illegal parking Tax breaks for 401(k) retirement contributions checkedExplanation:
Recycling is good for the environment and also means companies spending less because they wouldn't have to reproduce the recycle material from scratch. Paying a person money for recycling the glass bottles is an incentive that is meant to encourage them to do it more.
Not all incentives are positive however. Some are negative and aimed at reducing a behavior. Fining people for illegal parking is an example as the logic is that the offending party will think of the fines the next time they want to park illegally and refrain from it.
Offering tax breaks to a person in order to get them to save is an incentive because they are being offered to keep more of their money if they save more.
In our day to day live we encounter many incentives, some of them are mentioned in the options such as A, C, and D.
Incentives
Incentives are something which influence us to do something. In the given question we are asked to write things which are encountered on daily basis, these are as follows:
Receiving five cents for recycling glass bottlesParking fines for illegal parkingTax breaks for 401(k) retirement contributions checkedTherefore the option A, C and D are correct.
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The Gamebox system normally sells for $250 and comes pre-packaged with one game. The average price for games is $30. The company also sells its online game subscription package, which allows members to download and play one new game per month, for $240. During the holiday season, the company provides a package deal which includes the gaming system with two games and a free one-year game subscription for $400. The company should allocate $192.31of the $400 package purchase price to the gaming system.
A. True
B. False
Answer:
The answer is "Option A"
Explanation:
The given statement is true because it uses the transaction price method. In this process, the amount of evaluation for the company entity continues to earn for the client to convert products or services.
Its quantity may also be fixed, changeable, or coupled, and the price of the payment shall be allocated to its fair value recognized throughout the contract, that's why in this question two gaming system includes with a 1-year free subscription in $400, and the organizations should make the gaming system $192.31 of a $400 bundle sales price.
A person died intestate. His property would pass according to:________.
Answer:
Descent and distribution
Explanation:
When a person dies intestate it means there is no will to use for distribution of his properties to his heirs.
In this case probate courts establish who the heirs to the estate is. Usually two heirs are chosen to inherit the estate.
Probate courts determine the heirs by descent and distribution. That is the preferred heirs are spouses and children. If these are not available then consideration is given to extended family like brothers, cousins, uncles, and so on
Leone and Sons Pickle Co. will pay its first annual dividend of $2 later today. Subsequent dividends will grow by 10% per year for the next three years, and then by 4% per year for each year after that. Find the present value of this stock, given an effective annual rate of 8%
Answer:
P₀ = $61.17
Explanation:
Div₀ = $2
Div₁ = $2.20
Div₂ = $2.42
Div₃ = $2.662
Div₄ = $2.76848
terminal value at year 3 = $2.76848 / (8% - 4%) = $69.212
P₀ = $2.20/1.08 + $2.42/1.08² + $2.662/1.08³ + $69.212/1.08³ = $2.037 + $2.075 + $2.113 + $54.943 = $61.168 ≈ $61.17
is a retail chain specializing in salon-quality hair-care products. During the year, had sales of . The company began the year with of merchandise inventory and ended the year with of inventory. During the year, purchased of merchandise inventory. The company's selling, general, and administrative expenses totaled for the year. Prepare income statement for the year.
Answer:
.................................................Big Fuzzy Spider.................................................
.....................................Income Statement for the year.....................................
Sales............................................................................................ $39,150,000
Cost of Goods sold:
Opening Inventory ............................................$3,500,000
Add: Purchases...................................................$23,350,000
Less: Closing Inventory.................................... $4,445,000
Less: Cost of Goods Sold .........................................................($22,405,000)
Gross Profit....................................................................................$16,745,000
Less: Operating Expenses ........................................................($7,225,000)
Net Profit ................................................................................$9,520,000
You are evaluating a growing perpetuity product from a large financial services firm. The product promises an initial payment of $24,000 at the end of this year and subsequent payments that will thereafter grow at a rate of 0.04 annually. If you use a discount rate of 0.09 for investment products, what is the present value of this growing perpetuity? Round to two decimal places.
Answer:
The present value of this growing perpetuity is $499,200.
Explanation:
If cashflow is growing at a constant rate, then we call this a growing perpetuity.
Present Value of Growing Perpetuity = [Payment × ( 1 + growth rate)] ÷ [(discount rate - growth rate)]
= $24,000 (1.04) ÷ (0.09 - 0.04)
= $499,200
What is the most important thing to remember when writing a draft (apex)
A. Use the spelling and grammar checks
B. Write quickly without over thinking
C. Write in phrases, not in sentences
D. Look for mistakes in subject-verb agreement
Answer:
B. Write quickly without over thinking
Explanation:
(APEX)
just took the quiz
Write quickly without over thinking is the most important thing to remember when writing a draft.
Thus, the correct option is B.
What is a draft?An initial version of a piece of writing or written document that is frequently reviewed before verification is referred to as a "draft."
A written order of payment from one party (the drawer) to another (the drawee) instructing them to pay a specific amount to a third party (the payee) on or before a specific date is an example.
You can rethink and rewrite your thoughts after you draft them by putting them on paper. You will be able to determine where further information and supporting proof are needed by doing this.
It will also help you determine whether the concepts you are providing appear logical and whether your argument is clear.
The full paper will be sent along with the final draft. Your writing ought to appear polished by the time you complete the final draft. Grammar and spelling mistakes, fragmented sentences, weak or nonexistent paragraph transitions, and other first draft flaws should all be eliminated.
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Jackie has a margin account with $150,000 of his own money. The initial margin deposit required is 60 percent and Turtle Industries is currently selling at $50 per share. What is the maximum number of Turtle Industries shares Jackie can purchase meeting the initial margin requirement
Answer:
The maximum number of shares is 5,000 shares
Explanation:
The computation of the maximum number of shares is shown below:
= Margin account amount ÷ initial margin deposit required ÷ current selling price per share
= $150,000 ÷ 0.60 ÷ $50 per share
= 5,000 shares
hence, the maximum number of shares is 5,000 shares
We simply applied the above formula so that accurate shares could come
