OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash
customers, while the remaining sales are to credit customers. Of the credit customers, 30% pay their accounts in the month of sale, while the remaining 70% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $58,000 November 65,000 December 72,000 The Accounts Receivable balance on September 30 was $35,000. Prepare a schedule of cash collections from sales for October, November, and December.
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Answer:
the portfolio´s beta is 1.65
Explanation:
when the individual calculation of beta has been given, is possible to aggregate them as a weigthed average, so it is possible to apply te next formula
where w is the weigthed value for each asset, in this particular case we have:
so with this result we get 1.65