Answer:
a) TRUE
b) FALSE
c) TRUE
Explanation:
A stock's contribution to the market risk of a well-diversified portfolio is called SYSTEMATIC risk.
a) TRUE. If beta of stock A = 1, stock A will move in the same direction as the market, by about the same amount.
b) FALSE. Higher beta stocks are expected to have higher required returns, as investors expect to receive higher compensation due to higher risk level of high beta stocks
c) TRUE. Market portfolio has beta = 1. Any stocks that have beta > 1 will be more volatile than the market.
Accounting clerkAn accounting worker who processes routine details about accounting transactions.hope this helps
Answer:
Instructions are below.
Explanation:
Giving the following information:
Units Produced 20,000
Units Sold 17,000
Unit Sales Price $ 240
Full Manufacturing Cost Per Unit $97
<u>Under the absorption costing method, the fixed manufacturing overhead is part of the product cost.</u>
Income statement:
Sales= (17,000*240)= 4,080,000
Cost of goods sold= (17,000*97)= (1,649,000)
Gross profit= 2,431,000
Variable Selling Expenses= (71,000)
Fixed General and Administrative Costs= (88,000)
Net operating income= 2,272,000
