Answer:
amount invest in X = $486
amount invest in Y = $324
Explanation:
given data
investing = $1,000
pay = 5%
weights of X = 60 %
weights of Y = 40%
X expected rate of return = 14%
Y expected rate of return = 10%
required return = 11%
solution
we get here first return from risky portfolio that is for X and Y is
return from risky portfolio = weight × return
return from risky portfolio X = 60% × 14% = 8.4 %
return from risky portfolio Y = 40% × 10% = 4%
total return from risky portfolio = 12.4 %
and
we consider investment in risky portfolio is = x
so risk free investment is = 1 - x
11% = 12.4 % × x + 5% ( 1- x)
x = 0.810
so investment in risky portfolio = 0.810
and investment in risk free portfolio = 0.190
and
amount invest in risky portfolio is = 0.810 × 1000 = $810
amount invest is
amount invest in X = $810 × 60% = $486
amount invest in Y = $810 × 40% = $324
Answer and Explanation:
The Journal entry is shown below:-
Amount should be capitalized for new vehicle = Cost + Painting and new logo cost + Deluxe Roof rack and trailer hitch
= $15,600 + $6,600 + $2,900
= $25,100
We took the cost of painting and deluxe roof and trailer hitch costs into account as they are supposed to increase the vehicle's future benefits.
Depreciation = (Cost - Salvage Value) ÷ Number of Years
= ($25,100 - $6,300) ÷ 5
= $3,760 per year
In the year 2022 vehicle is used only for 6 months (July to Dec), depreciation expense for the year ended December 31, 2022 is
= $3,760 × 6 ÷ 12
= $1,880
So, the Journal entry is
Depreciation expense Dr, $1,880
To Accumulated Depreciation $1,880
(Being depreciation provided for the year 2022 is recorded)
Therefore for recording the depreciation provided for the year 2022 we simply debited the depreciation expenses while we credited the accumulated depreciation.
Answer: $4,262.50
Explanation:
The total expected cost would be the total expected values of the insurance given the probability that Jim might die.
= ∑expected value at 60,61, 62, 63, 64
= (0.01054 * 50,000) + (0.01447 * 50,000) + (0.01645 * 50,000) + (0.02068 * 50,000) + (0.02311 * 50,000)
= $4,262.50
Answer:
The correct option is D. $50,000.
Explanation:
This can be calculated using the following formula:
Overhead allocated to finished goods inventory = (Total direct labor cost in the cost in the jobs in the finished goods inventory / Estimated direct labor) * Total estimated overhead ................. (1)
Where;
Total direct labor cost in the cost in the jobs in the finished goods inventory = $20,000
Estimated direct labor = $180,000
Total estimated overhead = $450,000
Substituting the values into equation (1), we have:
Overhead allocated to finished goods inventory = ($20,000 / $180,000) * $450,000 = 0.111111111111111 * $450,000 = $50,000
Therefore, the correct option is D. $50,000.