The driver was going 55 mph.
Two hours is not enough to change the first digit of 15951, therefore, 1 is the first and last digit of the new number. The fourth and second digits converted to 6 and the middle digit could either by 0, 1, 2, 3, …,9. Therefore, the driven miles will be 110, 210, 310, … respectively.
So in two hours, the car would have sped up at 55 mph, 105 mph, 155 mph, … respectively.
Answer:
See explanation section
Explanation:
Apart from Cosmetics Department sales commissions--Northridge Store, Cosmetics Department cost of sales--Northridge Store, Cosmetics Department manager's salary--Northridge Store, all the other costs are not direct cost. Corporate office salaries or expenses can not be a direct cost for a divisional or regional offices. Lease cost is not for Northridge store, therefore, it is not a direct cost. Store security, Store manager's salary, and heating expenses for Northridge are indirect costs.
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%
Activites can be easily entered on forms such as invoices or bills and affect what happens behind the scenes.
