Answer:
9.33%
Explanation:
The expected return of two asset portfolio is the weighted average of individual assets' expected to return as computed thus:
Portfolio expected return=(weight of market portfolio*expected return of market portfolio)+(weight of riskless security*expected return of riskless security)
weight of market portfolio=amount invested in market portfolio/total invested amount
weight of market portfolio=$80,000/$120,000=66.67%
expected return of market portfolio=market risk premium+riskless return
expected return of market portfolio=8%+4%=12%
weight of riskless security=1-66.67%=33.33%(since total investment which is 100% is 1)
expected return of riskless security=4%
Portfolio expected return=(66.67%*12%)+(33.33%*4%)
Portfolio expected return=\=9.33%
Explanation:
The journal entry is shown below:
Salary expense Dr $72
To Salary payable $72
(Being the salary expense is recorded)
The computation is shown below:
= Weekly payroll ÷ Number of days in a week
= $360 ÷ 5 days
= $72
While recording this adjusted journal entry we debited the salary expense and credited the salary payable
Answer:
Thank you, appreciate it.
Explanation:
Because I secretly love you.
T-account is the accounting tool that represent a ledger account and tells how debits and credits affect an account balance.
<h3>What is
T-account?</h3>
In accounting, a T-account is a term that incorporate the set of financial records that uses a double-entry bookkeeping
In conclusion, the T-account is the accounting tool that represent a ledger account and tells how debits and credits affect an account balance.
Read more about <em>ledger</em>
<em>brainly.com/question/20</em>131001
Answer:
a) $72,000
b) $90,000
c) $90,000
Explanation:
As per the data given in the question,
a) By using variable costing We can calculate the Total cost of finished goods inventory as follows:
= 3,000 units ×($9+$10+$5)
= $72,000
b) By using absorption costing the total cost of finished goods inventory can be calculated as follows:
= 3,000 units ×[ ($9+$10+$5)+($150,000÷25,000)]
= $90,000
c) 3,000 units should be carried in the inventory for external purposes at
= $90,000