Rosita Purchased 300 Shares of a Stock for $37 a Share.Today,the

question 53

Multiple Choice

Rosita purchased 300 shares of a stock for $37 a share.Today,the stock is selling for $41 a share.The initial margin requirement is 70 percent and the maintenance margin is 30 percent.Rosita had to pay ________ in cash to purchase the stock and must have at least ________ in equity today.

• A) $3,690; $3,330
• B) $3,690; $3,690
• C) $7,770; $3,330
• D) $7,770; $3,690
• E) $8,610; $3,690

Recognize the treatment and implications for noncash contributions in partnerships.

Identify the principle behind bonus allocations to new or existing partners during the admission process.

Comprehend the liquidation process for partnerships, including the distribution of assets and liabilities.

Differentiate between the effects of different transactions on the net assets and total capital of a partnership.

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Definitions:

Oracle

A multinational corporation that specializes in developing and marketing database software and technology, cloud engineered systems, and enterprise software products.

Salesforce

A cloud-based software company known for its customer relationship management (CRM) product, which helps businesses connect with and understand their customers.

SAP

SAP is a multinational software corporation that makes enterprise software to manage business operations and customer relations, known for its ERP (Enterprise Resource Planning) software.

Supply Chain Information

Data regarding the activities, resources, and management of the flow of goods and services from their origin to the consumer.