Showing posts with label direct. Show all posts
Showing posts with label direct. Show all posts
Tuesday, August 25, 2015
How to Check the Stock Value of Quarantine Stock
Check the purchase order or invoice for the quarantine stock. Quarantine stock is normally valued at the total cost of acquiring the good, just like any other inventory item. For a retailer, cost of goods is usually the wholesale price. If the business is a manufacturer, add in the value of direct labor allocated per unit to the purchase price of the raw materials used to make the item.
Add shipping charges paid when the stock was originally purchased. Allocate a portion of the freight costs on a per-unit basis. Suppose you want to quarantine an item that cost $20 and came in as part of a shipment of 200 units with a shipping cost of $100. Divide the shipping cost by the number of units to get a unit shipping cost of 50 cents. Allocate this amount and you have a value for the quarantine stock of $20.50.
Calculate the market value of the quarantine stock if it has lost value because it is obsolete, damaged or defective. Generally accepted accounting principles state that the market value of the quarantine stock may not be more than the net realizable value, meaning the price you can sell the item for minus disposal and carrying costs. Also, the write-down amount can’t be less than the NRV minus the item’s normal profit margin.
Call the supplier of the quarantined item and ask for the current replacement cost. Adjust the value of the quarantine stock to the lower of the replacement cost or the market value from Step 3.
Friday, August 14, 2015
How to Buy Caterpillar Direct Stock
Obtain and read Caterpillar's DSPP prospectus before you enroll. The prospectus presents complete details of the plan, including all fees, terms and conditions. You can request a copy of the prospectus and enrollment form by mail by calling (866) 353-7849 (for TTY 1-800-231-5469). However, you can view the prospectus and a plan summary on the BNY Mellon direct stock purchase plan website (link below). When the page comes up, click on InvestorDirect Search, enter 'Caterpillar' and follow the prompts. You can choose to view the Caterpillar plan materials (prospectus) or plan summary.
Decide how much you want to invest. You can start with as little as $250 by check or electronic debiting. However, this requirement is waived if you set up monthly automatic debits. You can enroll by mail or use the enrollment wizard to sign up online (on the same webpage described in Step 1).
Enroll by filling out the enrollment and authorization forms. You will need to provide your personal information, including your Social Security number and bank account information. For electronic funds transfers, you must complete an authorization form. There is a one-time $15 setup fee. Once you complete the online form or drop a paper form in the mail, you're on your way to becoming a Caterpillar shareholder.
Make additional investments with deposits of as little as $25 (there is a monthly maximum of $10,000). When you buy Caterpillar stock directly, there is a $1-per-purchase fee ($2.50 for paper checks) plus 3 cents per share (as of 2009).
Thursday, August 13, 2015
How to Buy De Beers Stock (5 Steps)
Find the current price for LVMH stock, which trades on the Paris stock exchange in France. LVMH owns a 50 percent stake in De Beers. Use the link in Resources for a direct connection to the Euronext site.
Convert the quoted price into U.S. dollars to figure out the per share cost. Use the link in Resources for an online tool to help with the currency conversion.
Contact your established brokerage firm (by phone or online) and place a trade for symbol 'MC' on the Paris exchange. The Paris exchange is open weekdays until 11:30 a.m. eastern time.
If the Paris exchange is closed or if the broker requires it, place an overnight order that will trade the next day in Paris. Use the per share price to specify the price in Euros that is the maximum to be offered.
Wait 3 business days and the trade will settle. You now own LVMH stock and through it you have bought De Beers stock.
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