The following static budget is provided: units 23,000 units sales $ 230,000 less variable costs: manufacturing costs $ 80,500 selling and administrative costs $ 55,200 contribution margin $ 94,300 less fixed costs: manufacturing costs $ 32,200 selling and administrative costs $ 17,250 net income $ 44,850 what will budgeted net income equal if 21,000 units are produced and sold?

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.)