Answer:
the expected return of the portfolio is 11.76%
Explanation:
The computation of the expected return of the portfolio is shown below:
= Respective return × Respective weights
= 0.32 × 10.15 + 0.27 × 10.95 + 0.41 × 13.55
= 3.248% + 2.9565% + 5.5555%
= 11.76%
Hence, the expected return of the portfolio is 11.76%
The same should be considered and relevant
Answer:
lending act
Explanation:
The 1968 Truth in Lending Act (TILA) is federal legislation of the Americas aimed at promoting knowledgeable use of customer loans by demanding revelations of its aspects and charges in order to optimize the calculation and dissemination of borrowing costs.
TILA also gives customers the right to terminate all credit transactions involving a lien on the primary residence of a borrower, controls some credit card activities, and offers a way to settle credit payment disputes reasonably and in good time. TILA would not control the fines that might be enforced on mortgage lending, with the exception of some heavy-cost mortgage lending.
Answer:
$1,068,000
Explanation:
The cost of land includes the following costs:
• Purchase price of land
• Attorney fees
• Real estate agent commission
• Title
• Recording fees
• Additional expenses :
o Clearing
o Filling and leveling of land
o Removing of old buildings
To Determine the total cost of the land.
Particulars
Amount ($)
Amount ($)
Purchase price of land
1,000,000
Title insurance
3,000
Back property taxes
9,000
Cost of removing the building
45,000
Less: Salvaged material
(5,000)
1,057,000
Level the land
11,000
Total cost of the land
1,068,000
The property tax incurred is a recurring cost. This will reported as an expense for the current year. All other cost is incurred to acquire the land. Therefore, it must be capitalized. Hence, the total amount that company MF should record as the cost of the land is. $1,068,000
Answer:
a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, a private limited company, or other organizations such as government or not-for-profit entity.
Explanation:
hope you have a good day!!
If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be (D) $31,000.
<h3>
What is depreciation?</h3>
- Depreciation in accounting refers to two aspects of the same concept: first, the actual decrease in fair value of an asset, such as the decrease in value of factory equipment each year as it is used and worn, and second, the allocation of the original cost of the assets to periods in which the assets are used in accounting statements (depreciation with the matching principle).
- Thus, depreciation is the loss in asset value and the mechanism used to reallocate, or "write down," the cost of a tangible asset (such as equipment) throughout its usable life period.
To find If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021:
- Annual depreciation expense = (Cost - Salvage value) ÷ 10
- = (380,000 - 70,000) ÷ 10
- = 310,000 ÷ 10
- = $31,000
Therefore, if the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be (D) $31,000.
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The correct question is given below:
A factory machine was purchased for $380000 on January 1, 2021. It was estimated that it would have a $70000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 37000 hours in the 5 years. The company ran the machine for 3700 actual hours in 2021. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2021 would be
(A) $62000.
(B) $70000.
(C) $38000.
(D) $31000.
