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larisa86 [58]
2 years ago
7

John Bryant Optical Dispensary completed the following transactions during the latter part of​ March:Mar. 15 Purchased office su

pplies on account, $4,200 28 Paid $1,800 on account. Requirements. Mar. 28 Accounts Payable 1,000 Cash 1,800 Paid cash on account. The following T-accounts have been opened for you: Cash Accounts PayableBal $21,000Office SuppliesRequirements
1. Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry.
2. Open the following accounts (use T-account format): Cash (Beginning Balance of $21,000), Office Supplies, and Accounts Payable. Post the journal entries from Requirement 1 to the accounts, and compute the balance in each account.
Business
1 answer:
vivado [14]2 years ago
8 0

Answer:

1.                             Journal Entry

Date            Account and Explanation              Debit       Credit

March 15     Office supplies                               $4,200

                          Accounts Payable                                     $4,200

                    (To record purchase of office supplies on account)

March 28      Account Payable                          $1,800

                            Cash                                                           $1,800

2.                                Cash

Debit          Amount        Credit          Amount

Balance      <u>$21,000</u>        $1,800        March 28

Balance      $19,200

                              Office Supplies

Debit             Amount        Credit          Amount

March 15         <u>$4,200</u>            -                      -

Balance          $4,200

                               Account Payable

Debit          Amount        Credit          Amount

March 28      $1,800        March 15      <u>$4,200</u>

                                         Balance       $2,400

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You have $106,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect
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Answer:  ER(P) = ERX(WX) + ERY(WY)

                   16 = 13(1-WY)  + 9(WY)

                    16 = 13 - 13WY + 9WY

                    16 = 13 - 4WY

                   4WY = 13-16

                   4WY = -3

                     WY = -3/4

                     WY = -0.75

                     WX = 1 - WY

                     WX = 1 - (-0.75)

                     WX = 1 + 0.75

                     WX = 1.75

 The amount to be invested in stock Y = -0.75 x $106,000

                                                                    = -$79,500

The Beta of the portfolio could be calculated using the formula:

                     BP = BX(WX) + BY(WY)

                     BP = 1.14(1.75) + 0.84(-0.75)

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                     BP = 1.365

Explanation: The expected return of the portfolio is equal to expected return of stock X multiplied by the weight of stock X plus the expected return of stock Y multiplied by weight of security Y. The weight of security Y is -0.75. The weight of security X is equal to 1 - weight of security Y. Thus, the weight of security X is 1.75 since the weight of security Y is negative. The amount to be invested in security Y is -0.75 x $106,000, which is equal to -$79,500

The Beta of the portfolio equals Beta of stock X multiplied by weight of stock X plus the Beta of stock Y multiplied by weight of stock Y. The weights of the two stocks have been obtained earlier. Therefore, the Beta of the portfolio is 1.365.

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Explanation:

The journal entries are shown below:

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It is computed below:

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It is computed below:

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So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:

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