What is your debit and equity balance

Assignment Help Financial Management

Reference no: EM131010937

You bought 200 shares of XYZ stocks on 65% margin on 1/24/2012. XYZ was trading at $30 a share at the time you opened your margin account. The margin loan is for 6 months and carries an annual 5% interest rate. The maintenance margin is 50%. What is your debit and equity (margin) balance

Reference no: EM131010937

Questions Cloud

What the impact of this disease on society : State this disease's type (primary, secondary, tertiary) and what makes it classified as such. What the impact of this disease on society is, as it relates to the business of healthcare and the use of resources

Negative values should be indicated by a minus sign : Suppose you have $90,000 to invest. You’re considering Miller-Moore Equine Enterprises (MMEE), which is currently selling for $90 per share. You also notice that a call option with a $90 strike price and six months to maturity is available. Negative ..

Continue to accrue interest on the remaining balance : Assume that you have 40 years until retirement and have just started your first job. Once you retire, you anticipate that you will live for 30 additional years. Assume that you will require $100,000 per year to support yourself in retirement. How muc..

Salvage is zero and no working capital requirement exists : Romig Enterprises, a U. S.- based firm, is considering a project in China to produce and sell compressors. It is a four- year project with an initial investment of USD 500,000. Each year, it would produce 800 units of the product at a direct cost of ..

What is your debit and equity balance : You bought 200 shares of XYZ stocks on 65% margin on 1/24/2012. XYZ was trading at $30 a share at the time you opened your margin account. The margin loan is for 6 months and carries an annual 5% interest rate. The maintenance margin is 50%. What is ..

Provide in lieu of performing an assurance engagement : The CAE of PJS Company is working with senior management and the board to develop a combined assurance model and has asked you for advice. What factors might influence the CAE's decision to postpone an assurance engagement? What services might the in..

Established company operating in a rapidly growing market : WAW is an established company operating in a rapidly growing market. Its earnings per share this year (at time 1) are expected to be $1.90. These earnings are currently growing at 15% per year. After this year, this growth rate of earnings is expecte..

Hypothesis development and investigation plan : Submit your hypothesis development and investigation plan for your company. Consider potential frauds and perpetrators in your company, how the fraud could be investigated, regulatory issues, and any other fraud risk inquiries required. Describe the ..

Accounts payable and accrued salaries and wages : The management of working capital items is related to short term financing and investment of cash surpluses. The components of working capital (current assets and current liabilities) need to be managed well to assure a positive working capital. Desc..

User Account

All Pages