Answer:
Luther
Portfolio Return:
A's return of $174
B's return of 95
C's return of 67
Total returns $336
Total investments = $3,000
Percentage return of portfolio = $336/$3,000 x 100 = 11.2%
Explanation:
A's return = $1,500 x 11.6% = $174
B's return = $500 x 19% = $95
C's return = %1,000 x 6.7% = $67
Total returns = $336
Portfolio return is the sum of the returns of the different investments. It can be expressed in value as $336 and in percentage as 11.2% as shown above.
Determination of effect of the listed transactions of Nikea Inc. on the accounting equation:
It is given that In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000.
Accounts receivable is an asset and debiting assets means increasing the asset. A Service revenue is part of equity and crediting the revenue means increasing the equity.
Hence we can say that this transaction as increased the assets and equity of Nikea Inc.
Answer:
Cost of goods manufactured= $3,120
COGS= $2,750
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Cost of goods manufactured:
beginning WIP= 0
direct materials= 2,200
Direct labor= 1,000
Factory overhead= 520
Ending work in process= 600
Cost of goods manufactured= $3,120
<u>Now, we can determine the cost of goods manufactured:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 0 + 3,120 - 370
COGS= $2,750
Answer:
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