Answer:
Explanation:
Amount of Bolton Company inventory = 38,972
Calculations are attached
1. Find net realizable value, which is selling price - cost of disposal;
2. Then subtract normal profit from net realizable value = [g];
3. Find designated market value by choosing the middle value of cost to replace, net realizable value and [g];
4. Choose lowest between designated market value and selling price;
5. Multiply by quantity.
<u>Calculation of retained earnings beginning balance:</u>
Retained earning beginning balance can be calculated using the following formula:
Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends
Hence using the given information we can solve the equation as follows:
3,050 = Retained earning beginning balance + 1935 – 1065 - 550
3,050 = Retained earnings beginning balance +320
Retained earnings beginning balance = 3050-320 = $2,730
Hence, Retained earnings beginning balance is <u>$2,730</u>
.........................
Answer:
3.612%
Explanation:
The computation of portfolio return is shown below:-
Portfolio return = (Return of Y × Weight of Y) + (Return of R × Weight of R)
+ (Return of C × Weight of C)
= (4.40% × 40%) + (4.93% × 40%) + (-0.60% × 40%)
= 1.76% + 1.972% - 0.12%
= 3.612%
Therefore for computing the portfolio return we simply applied the above formula.
