Answer:
The new rate of return is 15.4%
Explanation:
The reviewed estimate on the rate of return on the stock will be:
• Beforehand
• 14% = α + [4%*1] + [6%*.4]
α = 7.6%
• With the changes:
• 7.6% + [5%*1] + [7%*.4]
Now a new rate of return is 15.4%
The main activity of a producer cooperative is B. MARKETING PRODUCTS FOR ITS MEMBERS.
They market products for its members because each income earned is for the benefit of its members. The producer cooperative is formed to give individual members the chance to have access to machinery and discounts that they would not have been able to get if they remained solo. As a group, their accessibility to machinery and discount is greater.
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Answer:
$29,000
Explanation:
The Held-to-maturity securities to be carried at amortized cost
The available-for-sale & trading securities to be carried at fair value (FV).
Therefore, the investment portfolio is reported at the following amounts:
Mann Co. $10,000 (Cost)
Kemo, Inc. $10,000 (Fair value)
Fenn Corp. $9,000 (Fair value)
Total $29,000
So, Ott's December 31, Year 1, balance sheet should report total marketable debt securities as $29,000