Answer: periodic inventory system
Explanation:
The type of inventory system used by Badger Enterprises is the periodic inventory system. The periodic inventory system is an inventory whereby updates are usually done on periodic basis.
In the periodic inventory system, physical count of inventory is done at specific intervals. This is the method used by the company in the question.
Answer: 0.90 or 90%
Explanation:
The risky portfolio gives a return of 16% and the T-bill gives a 6% return.
Assume that proportion y is going into the risky portfolio and x is going into the T-bill.
The expected return for the overall portfolio = 15%
Use simultaneous equation:
x + y = 1
0.16y + 0.06x = 0.15
y = 1 - x
0.16 (1 - x) + 0.06x = 0.15
0.16 - 0.16x + 0.06x = 0.15
-0.1x = 0.15 - 0.16
x = -0.01/0.1
x = 10%
y = 1 - x
= 1 - 10%
= 90%
= 0.90
Answer:
$143.30
Explanation:
In order to determine the principal reduction payment, the monthly interest will need to be calculated. The interest will then be deducted from the total monthly payment to compute the principal reduction payment:
Annual Interest = $118,000 X 7/100
= $8,260
Monthly interest = $8,260/12
= $688.33
Principal reduction = $831.63 - $688.33
= $143.30
Answer:
Revision - The action of revising.