Portfolio Expected Return An investor puts 32% of their money in Stock 1 with a 10.15% expected return, 27% of their money in Stock 2 with a 10.95% expected return and the rest in Stock 3 with an expected return of 13.55%. What is the portfolio's expected return

Answers

Answer 1

Answer:

the expected return of the portfolio is 11.76%

Explanation:

The computation of the expected return of the portfolio is shown below:

= Respective return × Respective weights

= 0.32 × 10.15 +  0.27 × 10.95 + 0.41 × 13.55

= 3.248% + 2.9565% + 5.5555%

= 11.76%

Hence, the expected return of the portfolio is 11.76%

The same should be considered and relevant


Related Questions

Gabby works for an online birthday-celebration company. The company’s key business is to receive orders to send birthday cakes, cards, and flowers to people who have their birthdays on particular days. Therefore, the company obviously maintains a huge database of customers and most of their personal details. Gabby’s colleague Marcos uses some of this information to date a few female single customers. Is the behavior of Marcos appropriate per any standards? A. Yes, he was only innocuously dating the female customers. B. Yes, he is not making any business out of the information. C. No, because per the FTC regulations, all personal details of customers should be protected. D. No, because using personal information of the same gender is permissible, but not of the opposite gender.

Answers

C. No, because as per the FTC regulations, all personal details of customers should be protected.

The budget director of Feathered Friends Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for December 2016:
Estimated sales for December:
Bird house 3,200 units at $50 per unit
Bird feeder 3,000 units at $70 per unit
Estimated inventories at December 1:
Direct materials:
Wood 200 ft.
Plastic 240 lbs.
Finished products:
Bird house 320 units at $27 per unit
Bird feeder 270 units at $40 per unit
Desired inventories at December 31:
Direct materials:
Wood 220 ft.
Plastic 200 lbs.
Finished products:
Bird house 290 units at $27 per unit
Bird feeder 250 units at $41 per unit
Direct materials used in production:
In manufacture of Bird House:
Wood 0.80 ft. per unit of product
Plastic 0.50 lb. per unit of product
In manufacture of Bird Feeder:
Wood 1.20 ft. per unit of product
Plastic 0.75 lb. per unit of product
Anticipated cost of purchases and beginning and ending inventory of direct materials:
Wood $7.00 per ft.
Plastic $1.00 per lb.
Direct labor requirements:
Bird House:
Fabrication Department 0.20 hr. at $16 per hr.
Assembly Department 0.30 hr. at $12 per hr.
Bird Feeder:
Fabrication Department 0.40 hr. at $16 per hr.
Assembly Department 0.35 hr. at $12 per hr.
Estimated factory overhead costs for December:
Indirect factory wages $75,000
Depreciation of plant and equipment 23,000
Power and light $6,000
Insurance and property tax 5,000
Estimated operating expenses for December:
Sales salaries expense $70,000
Advertising expense 18,000
Office salaries expense 21,000
Depreciation expense—office equipment 600
Telephone expense—selling 550
Telephone expense—administrative 250
Travel expense—selling 4,000
Office supplies expense 200
Miscellaneous administrative expense 400
Estimated other income and expense for December:
Interest revenue $200
Interest expense 122
Estimated tax rate: 30%
1. Prepare asales budget for December.
2. Prepare a production budget for December.

Answers

Answer:

1. Sales Budget:

Bird House 3,200 units * $50 per unit = $160,000

Bird feeder 3,000 units * $70 per unit = $210,000

Total Revenue = $370,000

Explanation:

2. Production Budget:

Bird House

Expected units to be sold = 3,200

Less: Desired ending finished goods =  290

Total Units to be produced = 3,490

Less: Beginning Units = 320

Units to be produced = 3,170

Bird Feeder

Expected units to be sold = 3,000

Less: Desired ending finished goods =  250

Total Units to be produced = 3,250

Less: Beginning Units = 270

Units to be produced = 2,980

When should a company consider issuing debt instead of equity?

Answers

Answer:

Many fast-growing companies would prefer to use debt to support their growth, rather than equity, because it is, arguably, a less expensive form of financing (i.e., the rate of growth of the business's equity value is greater than the debt's borrowing cost).

Explanation:

Answer:

There could be many reasons, but probably the company reached its debt ceiling and is not able to borrow anymore (at acceptable conditions), due to low net cash flow relative to debt service, or low available collateral, or both.

Larger expansions or risky undertakings would also be more likely financed by equity - the expansion might require taking on more debt than the company is currently able to service, and the creditors are not sure if it will also bring sufficient additional EBITDA to service large debt. Similar thing with risky business proposals - it is more logical to finance them through equity, where investors share the hard-to-predict benefits as well as potential losses. If they were to be financed by debt, the loan should in theory carry very high interest to make up for the risk profile of the endeavor. Better to make it an equity investment.

Also, issuing equity improves your balance sheet and enables you to take on more debt. Having more equity could also mean cheaper debt (better interest rates). Debt is considered “senior” to equity, in theory losses should hit investors first and creditors later, so having a larger equity cushion means lower credit risk.

If the company suffered some hard times, they are already starved for cash and on top of that creditors would likely want to reduce their exposure - a perfect storm that could put the company out of business due to lack of liquidity, even when the business model is good in the long term (but who has a crystal ball, eh?). Raising more equity may be their only option.

8. In the short run, there is a negative relationship between inflation and employment. A: True B. False​

Answers

Answer: False

In the short-run, inflation and unemployment are inversely related; as one quantity increases, the other decreases. In the long-run, there is no trade-off. In the 1960's, economists believed that the short-run Phillips curve was stable.

Explanation:

https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/

what are the characteristics of effective communication​

Answers

Answer:

Clear—main ideas easily identified and understood.

Concise—gets to the point without using unneeded words or images.

Concrete—includes specific examples or explanations.

Correct—in information, word choice, and grammar.

Coherent—information presented in a logical sequence.

Completeness. Effective communications are complete, i.e. the receiver gets all the information he needs to process the message and take action. ...

Conciseness. Conciseness is about keeping your message to a point. ...

Consideration. ...

Concreteness. ...

Courtesy. ...

Clearness. ...

Correctness.

Explanation:

Hope this helps.

In June 2007 General Motors (GM) posted a price-earnings ratio of 9.84. If
the price of the stock at that time was $36 per share, which of the following
must have been true?
a. GMâs earnings per share was 3.66.
b. GMâs coupon payment was $35 per year.
c. GMâs dividend yield for the year was 26%.
d. GMâs revenues that month were $366 million.

Answers

Answer:

General Motors (GM)

If  the price of the stock at that time was $36 per share, the true statement is:

a. GM's earnings per share was 3.66.

Explanation:

a) Data and Calculations:

Price-earnings ratio = 9.84

Market price of stock at that time = $36 per share

Earnings per share = Market price per share/Price-earnings ratio

= $36/9.84 = 3.659

= $3.66

Check:

Price-earnings ratio = Market price per share/Earnings per share

= 9.84 ($36/$3.66)

Suppose a basketball player has made 294 out of 359 free throws. If the player makes the next 3 free throws, I will pay you $20. Otherwise you pay me $26. Step 1 of 2 : Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

Answers

Answer: -$0.74

Explanation:

Expected value of the proposition is:

= (Probability that player makes next 3 free throws * 20) - (Probability that player does not make the next 3 free throws * 26)

Probability that player does not make the next 3 free throws  = 294/359 * 294/359 * 294/359

= 0.549235557

Expected value of proposition:

= (0.549235557 * 20) - ( (1 - 0.549235557) * 26)

= 10.98471114 - 11.719875518

= -$0.74

1 points Time Remaining 41 minutes 43 seconds00:41:43 Item 13 Time Remaining 41 minutes 43 seconds00:41:43 Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials.

Answers

Answer:

1000$

Explanation:

no why sorry lol i just count in my brain lol

In the Month of March, Digby received orders of 123 units at a price of $15.00 for their product Deal. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 123 units in April. They received payment for 62 units in March, and 62 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order

Answers

Answer:

The amount of revenue is recognized on the March income statement from this order is $1,845.00.

Explanation:

Accrual accounting can be described as a method of accounting in which revenue or expenses are recorded at the time of the transaction rather than when payment is received or made.

Since this transaction occurred in March, the total revenue of orders of 123 units received in the month of March will be recognized on the March income statement from this order. That is:

Amount of revenue to recognized in March = 123 * $15.00 = $1,845.00

Therefore, the amount of revenue is recognized on the March income statement from this order is $1,845.00.

The Costa Rica Tourism Board proposed a 6 percent tax on airplane travel to pay for a public hospital. A New York University economist estimates that the tax would result in a 6 percent increase in the price of an airline ticket. If the elasticity of demand is 1.33, what is the expected change in quantity demanded

Answers

Answer: 7.98% or 8%

Explanation:

The price elasticity of demand shows how much quantity demanded changes in response to a change in price.

Formula is:

Price elasticity of demand = Percentage change in quantity demanded / Percentage change in price

1.33 = Percentage change in quantity demanded / 6%

Percentage change in quantity demanded = 1.33 * 6%

= 7.98% or 8%

John is working on his department's annual plan. Employee performance has been okay and commitment to his department's goals moderate. In the past John
has asked his employees to do their best. This year he is asking each employee to work with him in determining exactly what that employee is going to
accomplish this year. John wants his people to feel the goals are theirs, to invest in their accomplishment. He wants them to believe that they can accomplish
these goals. He thinks he can help this whole process by meeting with each employee quarterly and talking about where the department is and where the
employee is in regards to goal accomplishment. In the past what principle of goal setting did John violate?
O A) Goal commitment
OB) Assigning specific goals
O Setting difficult but acceptable goals
OD) Providing feedback on goal attainment

Answers

Answer:B

Explanation:

A firm uses a continuous review (Q) inventory system. Weekly demand for a product is normally distributed with a mean of 120 units and a standard deviation of 10 units. Lead time is constant at 4 weeks. The company reordered when 506 units of the product remained. About what cycle-service level (i.e., service level over the lead time) were they trying to maintain?

Answers

Answer: 90.32%

Explanation:

Weekly demand (d) = 120

Standard deviation = 10

Lead time (l) = 4

Reorder point = 506

The reorder point is calculated as:

506 = 120 × 4 + Z × 10 × ✓4

Solving for Z will give us 1.3

Then, we check this in the z table which will give us p = 0.9032

Therefore, the service level is 90.32%.

True or False: The shape of the production function reflects the law of increasing marginal returns. True False

Answers

Answer: False

Explanation:

The statement that "The shape of the production function reflects the law of increasing marginal returns" is false. Rather, the shape of the production function simply reflects the law of diminishing marginal returns.

The slope of the production function is used in the measurement of the change in output for every unit of labor input that's added.

Russell Retail Group begins the year with inventory of $62,000 and ends the year with inventory of $52,000. During the year, the company has four purchases for the following amounts.

Purchase on February 17 $217,000
Purchase on May 6 137,000
Purchase on September 8 167,000
Purchase on December 4 417,000

Required:
Calculate cost of goods sold for the year.

Answers

Answer:

Cost of goods sold = 948000

Explanation:

Inventory at the beginning of the year = $62000

Inventory at the end of the year = $52000

Cost of goods sold = Beginning inventory + purchases during the year - ending inventory

Cost of goods sold = $62000 + 217000 + 137000 + 167000 + 417000 - $52000

Cost of goods sold = 948000

Liz has been screened for potential group membership. She fits all criteria; however, she seems to lack the desire to participate. In the eyes of the leader Jacque, she just doesn’t seem to "want" it enough. What should be considered?

Answers

Answer:

this should be a factor; the desire to make positive change is deemed highly important

Explanation:

Since in the situation it is mentioned that liz has been screened concering for the membership of the group. She have the lack of participation

So here it could be considered as the factor also the desire that makes the positive changed would be considered as very much significant

So, the above statement should be relevant

Hence, the same should be considered

Investment Center Sales Income Average Invested Assets Electronics $ 40,500,000 $ 2,916,000 $ 16,200,000 Sporting goods 20,740,000 2,074,000 12,200,000 1. Compute return on investment for each department. Using return on investment, which department is most efficient at using assets to generate returns for the company

Answers

Answer and Explanation:

The computation of the return on investment is shown below;

We know that

Return on Investment is

= (Net Income ÷ Average Operating Assets] × 100

For Electronics

= [$29,16,000 ÷ 162,00,000] × 100

= 18%

And,

For Sporting goods

= [$20,74,000 ÷ 122,00,000] × 100

= 17%

So here the electronics department should be selected as it has high return on investment  

Productivity Question 3 options: is nearly the same across countries, and so provides no help explaining differences in the standard of living across countries. explains very little of the differences in the standard of living across countries. explains some, but not most of the differences in the standard of living across countries. explains most of the differences in the standard of living across countries.

Answers

Answer:

explains most of the differences in the standard of living across countries.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Productivity is a measure of how efficient is the manufacturing of finished goods and services in a country. Thus, it's a measure of total output with respect to input such as capital, labour, and other resources.

Generally, productivity is a ratio of output (product) to the resources (input) that is required to produce the product and as such determines the economic output of a particular country, as well as the standard of living of its population.

Hence, productivity explains most of the differences in the standard of living across countries based on the value of output generated with a unit of input.

Which of the following statements concerning the cash disbursements amount in the cash budget is true in a manufacturing setting, but not true a merchandise setting?
A. The cash disbursements amount includes planned disbursements for ending inventory.
B. The cash disbursements does not need to equal changes in finished goods inventory.
C. The cash disbursements amount is no longer based off of the purchasing budget.
D. The cash disbursements amount includes planned disbursements for conversion costs.

Answers

Answer: D. The cash disbursements amount includes planned disbursements for conversion costs.

Explanation:

Manufacturing companies have to set aside money for the conversion of raw materials into manufactured goods so there is a cash disbursement for conversion costs.

Merchandising companies on the other hand buy already made goods so they do not have to convert those. There will therefore be no conversion cost in a merchandising company and so no cash disbursement for same.

With its current levels of input use, a firm's MRTS is 1/3 (when capital is on the vertical axis and labor is on the horizontal axis). This implies:__________.
A. the firm conld produce 3 more units of output if it increased its use of capital by one unit (holding labor constat).
B. the firm could produce 3 more units of output if it increased its use of labor by one unit (holding capital constant).
C. if the firm reduced its capital stock by one unit, it would have to hire 3 more worlkers to maintain its eurrent level of output.
D. the marginal product of labor is 3 times the marginal product of capital.

Answers

Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).

Explanation:

The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:

= Marginal product of labor / Marginal product of capital

= 1 / 3

Marginal product of labor = 1

Marginal product of capital = 3

This means that if one unit of labor is used, it produces 1 unit of output.

If one unit of capital is used however, it produces 3 units of output.

If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.

On October 1, Robertson Company sold merchandise in the amount of $5,800 to Alberts, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the periodic inventory system. On October 4, Alberts returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Robertson must make on October 4 is:_____.
a. Sales returns and allowances...500
Accounts receivable...500
Merchandise Inventory...350
Cost of goods sold...350
b. Sales return and allowances...500
Accounts receivable...500
c. Accounts receivable...500
Sales returns and allowances...500
d. Accounts receivable...500
Sales returns and allowances...500
Cost of goods sold...350
Merchandise inventory...350
e. Sales returns and allowances...350
Accounts receivable...350

Answers

Answer:

b. Sales return and allowances...500, Accounts receivable...500

Explanation:

Date        Accounts & Explanation        Debit   Credit

Oct 4       Sales return and allowance    $500

                      Account receivable                        $500

               (To record sales return and allowance)

Over the past four years, Hashwari Corporation reported sales revenue and warranty expense as follows.
2016 2017 2018 2019
Sales revenue $5,000,000 $5,200,000 $5,382,000 $5,704,920
Warranty expense 105,200 104,100 118,500 108,400
We wish to reformulate the income statement to reflect a constant proportion of warranty expense to sales over the four-year period. What is our warranty expense adjustment for each year?

Answers

Answer:

Missing word "Average warranty to sales rate is 2.05%"

                Adjusted expense and Adjustment required

                                                 2014            2015             2016             2017

Sales revenue                   $5,000,000 $5,200,000 $5,382,000  $5,704,920

Average warranty to sales rate 2.05%      2.05%            2.05%         2.05%

Adjusted warranty expense $102,500  $106,600   $110,331      $116,951

Actual warranty expense       $105,200   $104,100     $118,500      $108,400

Adjustment required            -$2,700       $2,500      -$8,169          $8,551

WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its products for sale to various companies in Europe. WoodCore Inc. is involved in A. outsourcing. B. licensing. C. franchising. D. exporting. E. diversifying.

Answers

Answer: D. exporting

Explanation:

Exporting is the sale of goods to other countries apart from your own even though the goods being sold were produced in your own country.

Exporting works best when the country doing the exporting is capable of producing the goods being exported at a lower price than the country that it is sending to, that way the people in that country have an incentive to buy it over locally made products. WoodCore is producing in the U.S. and selling elsewhere. This is exporting.

A company's bank statement shows a cash balance of $4,340. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $3,900, deposits outstanding of $1,210, NSF check of $320, and service fee of $54. Calculate the correct balance of cash?

Answers

Answer:

the correct balance of cash is $1,650

Explanation:

The computation of the correct balance of cash is shown below:

= Cash balance + deposits outstanding - check outstanding

= $4,340 + $1,210 - $3,900

= $1,650

Hence, the correct balance of cash is $1,650

WE basically applied the above formula so that the correct value could arrive

Beginning work in process are 40,000 units and units started this period are 20,000 units. The total units to account for are:______.

Answers

Answer: 60,000

Explanation:

Since we are given the information that the beginning work in process are 40,000 units and units started this period are 20,000 units, then the total units to account for will be the addition of the beginning work in process and the units started this period. This will be:

= 40000 + 20000

= 60000

Therefore, the total units to account for is 60000.

Assume the money supply is $800, the velocity of money is 8, and the price level is 2. Using the quantity theory of money: a. Determine the level of real output.

Answers

Answer:

3200

Explanation:

The computation of the level of real output is given below;

We know that

Money supply × velocity of money = Price level × Real output

And,  

Nominal output = Price level ×  real output.

Now  

a) level of real output = money supply × velocity of money ÷  price level

= 800 × 8 ÷ 2

= $6400 ÷ 2

= 3200

In order to successfully carry out an acquisition, the managers at Pink Inc. prepared a list of potential target companies that it could purchase. In the next step, the managers evaluated each prospective company in depth to understand their methods of operations, processes, procedures, strengths, and limitations in order to choose the best target company. This process of evaluating the companies is best known as:___________.
A- Due diligence
B- Market intelligence
C- Consultation
D- Market evaluation

Answers

Answer:

A- Due diligence

Explanation:

Due diligence is an investigation, audit or the review that to be performed in order to confrim the facts within the consideration. It needs the examination of the financial records prior entered into the upcoming transaction with the other party

So as per the given situation, the first option is correct

Assume that you purchase a 6-year, 8% certificate of deposit for $1,000. If interest is compounded annually, what will be the value of the certificate when it matures

Answers

Answer:

$ 1,586.8743

Explanation:

Calculation to determine what will be the value of the certificate when it matures

Compounded annually

Principal P= 1000

Rate r=0.08

Period n = 6

Using this formula

A = P (1+r)^n

Let plug in the formula

1000 (1.08)^6

= 1586.8743

Therefore what will be the value of the certificate when it matures is $1586.8743

Introduction to Business class is to observe the use of groups in a large manufacturing business . The students notice that most groups are arranged by reporting relationships . Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees . Jane finds that the executives of the company have formed a team consisting of themselves , some middle managers , and a few hourly employees to work on improving work processes and efficiency within the company . This group has been in existence for 5 years and is going strong . Jane's group appears to be what type of group ?
A ) Informal group.
B ) Formal group.
C ) Ad hoc committee or task force.
D) Self - managing group.

Answers

Answer:

B). Formal Group

Explanation:

'Formal Group' is characterized as the work groups in which people work together to ensure the effective and efficient attainment of the desired goals. In the given situation, Jane's group would be characterized as a 'formal group' because in that group, different individuals come together from different sectors or departments(executives, managers, employees) and every individual is assigned with a set of responsibilities to be fulfilled so that the desired results(enhancement of the work processes and ensuring efficiency) are attained. Thus, option B is the correct answer.

A​ firm's marginal product of labor is 4 and its marginal product of capital is 5. If the firm adds one unit of labor but does not want its output quantity to​ change, the firm should A. add 1.25 units of capital. B. use 1.25 fewer units of capital. C. use 0.8 fewer units of capital. D. use 5 fewer units of capital.

Answers

Answer: C. use 0.8 fewer units of capital.

Explanation:

The Marginal Rate of Technical Substitution (MRTS) shows how much you can decrease capital or labor by in order to keep production constant if you increase either capital or labor.

It is calculated by the formula:

= Marginal product of labor  / Marginal product of capital

= 4 / 5

= 0.8

The firm should use 0.8 fewer units of capital in order to maintain the same production level.

Pastina Company sells various types of pasta to grocery chains as private label brands. The company's fiscal year-end is December 31. The unadjusted trial balance as of December 31, 2018, appears below.
Account Title Debits Credits
Cash 45,650
Accounts receivable 58,000
Supplies 1,850
Inventory 77,000
Note receivable 29,400
Interest receivable 0
Prepaid rent 2,700
Prepaid insurance 0
Office equipment 94,000
Accumulated depreciation—office equipment 35,250
Accounts payable 37,000
Salaries and wages payable 0
Note payable 71,400
Interest payable 0
Deferred revenue 0
Common stock 60,000
Retained earnings 23,000
Sales revenue 233,000
Interest revenue 0
Cost of goods sold 104,850
Salaries and wages expense 20,100
Rent expense 14,850
Depreciation expense 0
Interest expense 0
Supplies expense 1,350
Insurance expense 6,200
Advertising expense 3,700
Totals 459,650 459,650
Information necessary to prepare the year-end adjusting entries appears below.
1) Depreciation on the office equipment for the year is $11,750.
2) Employee salaries and wages are paid twice a month, on the 22nd for salaries and wages earned from the 1st through the 15th, and on the 7th of the following month for salaries and wages earned from the 16th through the end of the month. Salaries and wages earned from December 16 through December 31, 2018, were $1,650.
3) On October 1, 2018, Pastina borrowed $71,400 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
4) On March 1, 2018, the company lent a supplier $29,400 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2019.
5) On April 1, 2018, the company paid an insurance company $6,200 for a two-year fire insurance policy. The entire $6,200 was debited to insurance expense.
6) $980 of supplies remained on hand at December 31, 2018.
7) A customer paid Pastina $1,920 in December for 1,600 pounds of spaghetti to be delivered in January 2019. Pastina credited sales revenue.
8) On December 1, 2018, $2,700 rent was paid to the owner of the building. The payment represented rent for December 2018 and January 2019, at $1,350 per month.

Answers

Answer:

1) The net income for the period ended December 31, 2018, is 68103.

2)The total liabilities and stockholders equity is 261615.

Explanation:

1) 1920 sales revenue is an unearned revenue since delivery will be made in 2019  

Interest payable on note oct 1 :Interest =[tex]71400\times.12\times3/12=2142[/tex]             [1 Oct - 31 Dec]  

Interest receivable on march 1 :Interest= [tex]29400\times.08\times10/12=1960[/tex]    [1 Mar -31 -Dec]  

Supplies used = 1850 unadjusted -980 ending inventory = 870  

Insurance expired for the period =[tex][6200\times1/2 ] =3100 per year \times 9/12 =2325[/tex]               [1april -31 dec ]

Other Questions
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