Answer:
I used an excel spreadsheet to record this transactions on an accounting equation.
Practice Makes Perfect, Inc.
Income Statement
For the month ended July 31, 202x
Revenues $2,000
Expenses:
- Advertising expense $500
- Rent expense $1,000
- Wages expense $1,000
- Supplies expense $300
- Depreciation expense $750
- Interest expense $417 <u> ($3,967)</u>
Net income ($1,967)
Practice Makes Perfect, Inc.
Balance Sheet
For the month ended July 31, 202x
Assets:
- Cash $99,783
- Accounts receivables $1,800
- Supplies $1,700
- Pianos $47,250
Total assets $150,533
Liabilities:
- Accounts payable $2,500
- Notes payable $50,000
Total liabilities $52,500
Stockholders' equity
- Common stock $100,000
- Retained earnings ($1,967)
Total stockholders' equity $98,033
Total liabilities + equity $150,533
Answer:
The answer is overapplied overhead
Explanation:
Overapplied overhead occurs when the total amount of factory overhead costs assigned to produced units constitutes more overhead than was actually incurred in the period.
Answer:
The required rate of return of Portfolio is 8.83%
Explanation:
First we need to find the risk Premium of Existing Portfolio using the CAPM model.
Required rate of return = RF + ( Rm - RF ) x Beta
9.50% = 4.20% + ( Rm - RF ) x 1.05
9.50% - 4.20% = ( Rm - RF ) x 1.05
5.30% = (Rm - RF) x 1.05
(Rm - RF) = 5.30%/1.05
(Rm - Rf) = 5.05%
Second we need to find the New Portfolio Beta Using the Following step
Portfolio Beta = ( Existing Portfolio / Total Investment ) x Beta + ( New stock / Total Investment ) x Beta
Portfolio Beta = (10M / 15M) x 1.05 + (5M/15M) x 0.65 = 0.9167
Third Step we will use the CAPM model again to get Required Rate of Return of New Portfolio.
Required rate of return = RF + ( Rm - RF ) x Beta
Required rate of return = 4.20% + 5.05% x 0.9167
Required Rate of Return = 8.83%
Answer:
Nominal group technique (NGT)
Explanation:
Based on this scenario, it can be said that Britney used Nominal group technique (NGT) to generate the ideas. This is a structured method used for group brainstorming, which encourages full contribution from all members of the group and focuses on quick agreements on the issues/problems at hand, thus leading to faster solutions to those problems, and allows those ideas to come to fruition at a much faster and efficient pace.
