A client bought 2000 shares of XYZ stock on margin at $68.79 per share. The stock is

Fantastic news! We've Found the answer you've been seeking!

Question:

A client bought 2000 shares of XYZ stock on margin at $68.79 per share. The stock is eligible for 70% loan value. Calculate the client's margin requirement. Round your answer to the nearest whole number

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Mar 24, 2024 08:43 PM

See More Questions

This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 2 + 3i 1-i
For a = (1 + 5)/2 and = (1 - 5)/2, show that k=0 k = - and that k=0 ||= a2.
Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the subject did not...
Kent Oil, a small Texas oil company, holds huge reserves of oil and gas assets. Assume that at the end of 2010, Kent Oils cost of mineral assets totaled approximately $18 million, representing 2.4...
A six-column table for JJW Company follows. The first two columns contain the unadjusted trial balance for the company as of July 31, 2011. The last two columns contain the adjusted trial balance as...
Answer: r'(1) = Let r(x) = f(g(h(x))), where h(1) = 6, 9(6) = 3, h'(1) = 9, g'(6) = -2, and f'(3) = 5. Find r'(1). Submit answer A
Explain thevCurrent Development of the Logistics/Supply Chain in amazon?
Javaris and Jayla own IBM stock and received $ 4 , 2 0 0 in qualified dividends in 2 0 2 2 . They are retired and have taxable income of $ 1 2 8 , 5 0 0 . How are their dividends taxed?
As part of the review of the organization, you will conduct a detailed analysis of the company to identify anystrategic gaps/ issues/challenges/opportunities . In doing so, you must develop a robust...
Required: Calculate the liquidity ratios (at least two). Calculate the inventory turnover ratio, capital intensity, and the total asset turnover ratios. Calculate the debt ratio and debt-to-equity...
During traffic changes, a car moves when the light turns green and travels 0 . 8 3 2 0 . 8 3 2 s in 5 . 2 5 . 2 m / / s . . It reaches a speed of 7 m / / s . . How much push and average pressure...
Objective: Strengthen your understanding of our course learning outcomes by sourcing different perspectives about HR, reporting about and summarizing what you've read, sharing your critical...
1. Summarize the CDO strategy deployed by Magnetar during 2007. How was this different from Peloton's strategy during 2007 and early 2008? How was it different from John Paulson's strategy? Although...
How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.
Steve Jackson (age 51) is a single taxpayer living at 3215 Pacific Dr., Del Mar, CA 92014. His Social Security number is 465-88-9415. In 2012, Steve's earnings and income tax withholding as the...
Deborah purchases a new $30,000 car in 2012 to use exclusively in her business. If Deborah does not elect to expense or take bonus depreciation in 2012 and holds the car until it is fully...
Jerry made the following contributions during 2012: His synagogue (by check).....................................................$680 The Democratic Party (by check)...
Using Program14 .m (fourth-order Runge-Kutta method), solve Problem 11.19. Data From Problem 11.19:- Using the central difference method, find the response of the system shown in Fig. 11.2 when...
Using Program16.m(Houbolt method), solve Problem 11.19. Data From Problem 11.19:- Using the central difference method, find the response of the system shown in Fig. 11.2 when $F_{1}(t)=10 \sin 5 t$...
Using Program16.m(Houbolt method), solve Problem 11.20. Data From Problem 11.20:- The equations of motion of a two-degree-of-freedom system are given by $2 \ddot{x}_{1}+6 x_{1}-2 x_{2}=5$ and...

A client bought 2000 shares of XYZ stock on margin at $68.79 per share. The stock is

Question:

Expert Answer:

To bridge from the reported cash EBITDA to the adjusted cash EBITDA as of 123120... View the full answer

Income Tax Fundamentals 2013

Students also viewed these accounting questions