QUESTION 9

You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement. You have decided to invest in Firewood Inc. stock when the price is $5 per share.

When the price rises to $6 per share, what will the equity on your account be?

QUESTION 10

You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement. You have decided to invest in Firewood Inc. stock when the price is $5 per share.

When the price rises to $6 per share, what will the margin on your account be? (Enter as a percentage, round to two decimal places, do not enter a percent symbol.)

QUESTION 11

You have $500 to invest. You decide to open a margin account with your brokerage. The account has an 80% initial margin requirement. You have decided to invest in Firewood Inc. stock when the price is $5 per share.

When the price rises to $6 per share you decide to sell., What was your rate of return on this investment? (Enter as a percentage, no percent symbol)

atboard - Yahoo Search. Connect X C Home | Chegg.com Search - Share More >> ental Accounting Principles - Wild, Shaw, and Chiappetta, 23e, Adjusting Accou Explain the difference between the unadjusted and the adjusted trial balance. Click the answer you think is right. The unadjusted trial balance is more accurate and should be used to prepare financial statements. The adjusted trial balance is prepared after adjusting entries have been recorded and posted. The adjusted trial balance contains only the accounts which were adjusted. The unadjusted trial balance contains all of the remaining accounts. The unadjusted trial balance is more up to date than the adjusted trial balance. thead abou I tonow it Think he No idea N ON P2 WQuestion 1 The Unadjusted Trial Balance columns of a work sheet total $84,000. The adjusted trial balance reflects adjusting entries for the following: i. Office supplies used during the period, $1,200. ii Expiration of prepaid rent, $700. Ill. Accrued salaries expense, $500. iv. Depreciation expense, $800. v. Accrued service fees receivable, $400, (T or F) The column total for the adjusted trial balance must be $85,700, True FalseSelect the correct statement about trial balances from the following choices. A trial balance should be prepared before attempting to post Journal entries to the ledger. . The trial balance is a formal financial statement. D A " balanced " trial balance is a guarantee of correctness. If the trial balance fails to balance, an error has occurred and must be located.Remaining Time: 2 hours, 38 minutes, 25 seconds. Question Completion Status: QUESTION 12 The following selected accounts appear in the adjusted trial balance for Bender Company: .Accumulated 5 Depreciation Supplies .Depreciation Accounts Expense Payable Service 3Bender,7. Revenue Capital 4Bender. Drawings Instructions Identify the accounts that would be included in the post-closing trial balance. T T T Arial 3 (12pt)Posting Summary Trial Balance Question 11 (1 point) Which of the following statements is false Total debits equals total credits on the Trial Balance Every journal entry must balance Total Credits > Total Debits means the company is profitable Question 12 (1 point)