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NEW QUESTION: 1
Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
What is Bubba's excess equity in the account?
A. $12,000
B. $18,000
C. $3,000
D. $0
Answer: C
Explanation:
Explanation/Reference:
Explanation: $3,000. With Reg T at 50%, Bubba's equity should be half of the $30,000 account value, which is $15,000. Since his equity is $18,000 Bubba has $3,000 of excess equity.

NEW QUESTION: 2

A. Option D
B. Option A
C. Option B
D. Option C
Answer: A
Explanation:
There are two methods available for reversing posted checks. In one, reversals are posted immediately when you click
Payment reversal in the Check form. In the other, when you click Payment reversal in the Check form, the reversal first
is sent to the Check reversals journal in Cash and bank management, where a reviewer can then post or reject the
reversal.
Reference: Reverse a posted check [AX 2012]

NEW QUESTION: 3
You have created a new end-user personalization (EUP) form.
Where can you make use of this EUP form? (Choose two)
A. In a template-based request
B. In an organizational assignment request
C. In a stage configuration of a workflow
D. In a model user request
Answer: A,C

NEW QUESTION: 4

A. Option D
B. Option B
C. Option A
D. Option C
Answer: C
Explanation:
In the Settle account field, select the cash account to post bill of exchange amounts to. This account is debited when a
bill of exchange is settled.
Incorrect:
Not B: When you post the journal, the protest bill of exchange account is debited, and the bill of exchange summary
account is credited.
Note: If a customer does not accept a bill of exchange or does not pay it on time, you can use the Protest bill of
exchange journal to change the status of the bill of exchange from Drawn to Protested. You can also include a
reference to the drawn bill of exchange.
If a customer protests a bill of exchange that has already been settled with an invoice, you can change the status of
the bill of exchange from Honored to Protested.
Reference: Set up bills of exchange [AX 2012];Protest a bill of exchange [AX 2012]