{"appState":{"pageLoadApiCallsStatus":true},"articleState":{"article":{"headers":{"creationTime":"2016-03-26T17:49:12+00:00","modifiedTime":"2016-03-26T17:49:12+00:00","timestamp":"2022-09-14T18:07:20+00:00"},"data":{"breadcrumbs":[{"name":"Academics & The Arts","_links":{"self":"https://dummies-api.dummies.com/v2/categories/33662"},"slug":"academics-the-arts","categoryId":33662},{"name":"Study Skills & Test Prep","_links":{"self":"https://dummies-api.dummies.com/v2/categories/33772"},"slug":"study-skills-test-prep","categoryId":33772},{"name":"Series 7 Exam","_links":{"self":"https://dummies-api.dummies.com/v2/categories/33796"},"slug":"series-7-exam","categoryId":33796}],"title":"Memorizing Important Formulas for the Series 7 Exam","strippedTitle":"memorizing important formulas for the series 7 exam","slug":"memorizing-important-formulas-for-the-series-7-exam","canonicalUrl":"","seo":{"metaDescription":"You can’t bring your notes into the Series 7 exam center, so be sure to stow the following info away in your brain and write it on the scrap paper provided afte","noIndex":0,"noFollow":0},"content":"You can’t bring your notes into the Series 7 exam center, so be sure to stow the following info away in your brain and write it on the scrap paper provided after the test begins:\nDetermine the outstanding shares \nOutstanding shares = issued shares – treasury stock\nLong margin account formula \nLong market value (LMV) – debit record (DR) = equity (EQ) \nShort margin account formula \nShort market value (SMV) + equity (EQ) = credit record (CR)\nCalculate the time value of an option \nPremium (P) = intrinsic value (I) + time value (T)\nBalance sheet formula \nAssets = liabilities + stockholder’s equity\nCalculate working capital \nWorking capital = current assets – current liabilities\nCalculate the time value of an option \nPremium (P) = intrinsic value (I) + time value (T)","description":"You can’t bring your notes into the Series 7 exam center, so be sure to stow the following info away in your brain and write it on the scrap paper provided after the test begins:\nDetermine the outstanding shares \nOutstanding shares = issued shares – treasury stock\nLong margin account formula \nLong market value (LMV) – debit record (DR) = equity (EQ) \nShort margin account formula \nShort market value (SMV) + equity (EQ) = credit record (CR)\nCalculate the time value of an option \nPremium (P) = intrinsic value (I) + time value (T)\nBalance sheet formula \nAssets = liabilities + stockholder’s equity\nCalculate working capital \nWorking capital = current assets – current liabilities\nCalculate the time value of an option \nPremium (P) = intrinsic value (I) + time value (T)","blurb":"","authors":[{"authorId":8980,"name":"Steven M. 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Memorizing Important Formulas for the Series 7 Exam

By: Steven M. Rice and

Updated: 03-26-2016

Series 7 Exam 2022-2023 For Dummies with Online Practice Tests

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You can’t bring your notes into the Series 7 exam center, so be sure to stow the following info away in your brain and write it on the scrap paper provided after the test begins:

Determine the outstanding shares

Outstanding shares = issued shares – treasury stock

Long margin account formula

Long market value (LMV) – debit record (DR) = equity (EQ)

Short margin account formula

Short market value (SMV) + equity (EQ) = credit record (CR)

Calculate the time value of an option

Premium (P) = intrinsic value (I) + time value (T)

Balance sheet formula

Assets = liabilities + stockholder’s equity

Calculate working capital

Working capital = current assets – current liabilities

Calculate the time value of an option

Premium (P) = intrinsic value (I) + time value (T)

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Memorizing Important Formulas for the Series 7 Exam

Series 7 Exam 2022-2023 For Dummies with Online Practice Tests

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