Answer:
the beta of the second stock is 1.77
Explanation:
The beta of the second stock is shown below;
Investment in each = (1 ÷ 3)
Now as we know that
Portfolio beta = Respective investments × Respective weights
1 = (1 ÷ 3 × 1.23) + (1 ÷ 3 × beta of the second stock) + (1 ÷ 3 × 0)
We assume the Beta of risk-free assets would be zero
1 = 0.41 + (1 ÷ 3 × beta of the second stock)
The beta of the second stock is
= (1 - 0.41) × 3
= 1.77
Hence, the beta of the second stock is 1.77
Answer: 8%
Explanation:
The load fee would be the excess percentage amount charged on the share over the Net Asset Value per share.
= 
Net Asset value Per share = (Assets - Liabilities) / Number of shares
= (147 - 7) / 7
= $20
Load fee
=
= 
= 8%
Answer: the correct answer is A. $500
Explanation:
Amount realized is the amount received from the sale of an asset. The money received for Roberta is $500.
Answer:
The journal entry is as follows:
Explanation:
The journal entry for recording the purchase of the raw materials is as follows:
Raw material A/c......................Dr $77,000
Cash A/c................................Cr $77,000
The raw materials which were purchased during the month amounts to $77,000, the account of raw material will be debited as the raw material is increasing. And the cash is going out of the business, and any decrease in asset is credited. So, the cash account will be credited.
Answer:
$42,000
Explanation:
Wages $55,000
Ordinary dividends $1,000
Traditional iRA contribution $3,000
Short term capital gain ($9,000)
Alimony paid ($20,000)
Total $42,000
