USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 34

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
December futures on the S&P 500 stock index trade at 250 times the index value of 1187.70. Your broker requires an initial margin of 10 percent on futures contracts. The current value of the S&P 500 stock index is 1178.
-Refer to Exhibit 15.14. Calculate the return on a cash investment in the S&P 500 stock index if the ending index value is 1170 over the same time period.

• A) 1.87%
• B) -0.68%
• C) -14.90%
• D) 10.36%
• E) 13.58%

Recognize the significance of credentialing and specific certifications relevant to the medical assisting field.

Understand the evolving role and expectations of medical assistants in the healthcare sector.

Appreciate the impact of professional organizations in advancing the medical assisting profession.

Understand the continuing education and recertification requirements for various medical assistant certifications.

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Definitions:

Pooling

The act of combining resources or assets for a common purpose, often to increase efficiency or achieve a shared goal.

C Corporations

A type of corporation in the United States taxed separately from its owners, offering limited liability protection to its shareholders.

S Corporations

A type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing it to pass income directly to shareholders and avoid double taxation.

Taxed

Subjected to a financial charge or levy imposed by a governmental organization on income, goods, or activities.