Answer:
Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20
Explanation:
Data given:total unit
Cost of purchase with data;
Date Amount
April 5 $10
April 10 $12
April 15 $14
April 20 $16
April 22 $17
Total cost 69
Average cost = total cost /total quantity
= 69/5
=13.8
The cost of the ending inventory is given on the balance sheet below
Date Purchases Cost of Inventory Bal. Avg Cost
goods sold
April 5 $10* 1 unit= $10 - $10 10/1 = $10
April 10 $12* 1 unit=$12 - 10+ 12 = 22 22/2 = 11
April 15 $14* 1 unit=$14 - 22+14 =36 36/3 = 12
April 20 $16* 1 unit= $16 - 36 +16 =52 52/4 = 13
April 22 $17* 1 unit = $17 - 52+17 =69 69/5 = 13.8
April 25 - 1 unit*13.8 = 13.80 69 - 13.8 = 55.20
Measures the value that a buyer places on a good
Answer:
1. Using CAPM, the required return is;
Required return = risk free rate + beta * market risk premium
= 6% + 1.5 * 9%
= 19.5%
2. First find the portfolio beta which is a weighted average of the individual betas;
= (60% * 2.4) + (40% * 0.9)
= 1.8
Now use CAPM
= risk free rate + beta * (Market return - risk free rate)
= 4% + 1.8 * (13% - 4%)
= 20.2%
3.Geometric average can be calculated by;
=( ((1 + r1) * (1 + r2) * (1 + r3)) ^1/n) - 1
= (((1 + 6%) * (1 + 10%) * (1 - 6%)) ^ 1/3) - 1
= (1.09604^1/3) - 1
= 3.1%
Answer:
1) Federal Reserve Banks lend to commercial banks.
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