What Requires You to Add Cash or Securities When the Value

question 171

Multiple Choice

What requires you to add cash or securities when the value drops below a specified amount?

• A)Maintenance Margin
• B)Initial Margin
• C)Margin Call
• D)Margin Account

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Definitions:

Overhead Applied

A portion of overhead costs assigned to a particular cost object based on a predetermined rate.

Direct Labor Efficiency Variance

The difference between the budgeted amount of direct labor required to produce an output and the actual direct labor used.

Favorable

A term used in budgeting and finance to indicate results that are better than expected, such as lower costs or higher revenues.

Unfavorable

A term used to describe outcomes or variances that negatively impact financial performance or expectations.