MC Qu. 67 Product A has a sales price of Product A has a sales price of $18 per unit. Based on a 13,000-unit production level, the variable costs are $10 per unit and the fixed costs are $5 per unit. Using a flexible budget for 15,500 units, what is the budgeted operating income from Product A

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)