Margin Brokerage Account
What will be an ideal response?
(a) This account allows investors to buy securities with money borrowed or sell securities borrowed from a broker.
(1) Buying on margin
(2) Short selling.
(b) Securities can be bought on margin or sold short in a margin account.
(c) The investor with a margin account is no longer restricted to his or her wealth when investing in risky assets.
You might also like to view...
Spencer gave all his employees low ratings on their performance appraisals. While the employees had met their objectives for the quarter and several had exceeded their sales goals, Spencer felt that everyone could have worked harder than they did. He does not have any evidence that his employees slacked off during the quarter, he just has a feeling that more could have been done. Spencer’s performance appraisals violate the __________ part of the OUCH test.
A. Objective B. Uniform in Application C. Consistent in Effect D. Has Job Relatedness E. None of the above
In an independent vertical marketing system, manufacturers seek out wholesalers, who seek out retailers to stock and sell products
Indicate whether the statement is true or false
Stores that have similar and/or complementary merchandise offerings have which characteristic?
a. traffic count maximization b. one-hundred percent location c. visibility d. affinity
Fletcher Company collected the following data regarding production of one of its products. Compute the fixed overhead cost variance. Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unitActual direct labor hours 81,500 hrs.Budgeted units 42,000 unitsActual finished units produced 40,000 unitsStandard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unitStandard fixed OH rate ($336,000/42,000 units)$8.00 per unitActual cost of variable overhead costs incurred$1,140,000 Actual cost of fixed overhead costs incurred$338,000
A. $18,000 unfavorable. B. $18,300 favorable. C. $18,000 favorable. D. $14,300 unfavorable. E. $18,300 unfavorable.