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Problem 1: You have tresury bill amounting to 65000 in your account you want to short sell 1000 at 1.25 per share of company B. Supposed the broker has 50% initial margin. Create balance sheet and compute your margin . Assume that the price per share of company B. falls by 25% create balance sheet and your margin if you cover your short . supposed the price of the share is to increased by 62% from the fall. Create balance sheet and compute your margin. Supposed the price of the share is to increased by 62% by the fall. Will you receive a margin call if the maintenance margin by the broker is 45%? Compute forthe critical price
Beginning inventory is $28,000. Purchases for the year are $110,000. Sales revenues are $180,000. The company's normal gross profit percent is 60%. How much is Estimated ending inventory? Which of the following means that the shipment is free on boar..
Nicole’s business uses the accrual method of accounting and accounts for inventory with specific identification. In year 0, Nicole received a $4,500 payment with an order for inventory to be delivered to the client early next year. How would Nicole a..
Distinguish between job costing and process costing. Describe the difficulties associated with each type. What can companies do in order to price products competitively and avoid some of these difficulties?
You are the owner of a lawn service company (Grass Man). Your slogan is, “Who is that Grass Man?” Your company provides grounds and maintenance services to a range of corporate customers. Customers are expected to pay on the first of each month, in a..
Explain how unrealised profits arise from transactions between companies in a group and why it is important to remove them?
Describe the accounting for cash paid for business acquisitions in the statement of cash flows.
Closing inventory/stock has been valued at a cost of £8,120 on 30 September 2018. Prepare a statement of profit or loss for Cho Chang
Ethics are an important part of accounting and all business transactions. Conduct research to identify a company's code of ethics. First Post: Share a link to the company's code of ethics, or if it is your own company, please attach a copy of it, as ..
An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years. Annua..
Lindy Corporation has 1,000,000 authorized shares of $20 par value common stock. As of June 30, 2014, there were 600,000 shares issued and outstanding. On June 30, 2014, the board of directors declared a $0.50 per share cash dividend to be paid on..
Calculate the amount of cost of goods sold reported in Buckeye Company's 2018 income statement. Cash collected from customers $385,000
Evaluate each of these four proposals to improve Omega Software's financial statements. Your evaluations should consider ethical and legal issues as well as accounting issues.
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