A white shirt, navy suit, and tie with a classic stripe.
Answer:
The correct answer is D
Explanation:
The journal entry to be recorded for the salary is as:
Salary expense A/c...........................Dr $12,000
Salary Payable A/c...........................Cr $12,000
Being the salary which is paid weekly, become accrued
Working Note:
Single day amount = Weekly payment / Number of days
= $30,000 / 5
= $6,000 per day
So, computing for 2 days (Monday and Tuesday) salary as:
Amount = Per day salary × Number of days
= $6,000 × 2
= $12,000
Answer:
e. Portfolio P has the same required return as the market (rM).
Explanation:
The answer is e. Portfolio P has the same required return as the market (rM).
let's find the beta of the portfolio = 0.5 * 0.7 + 0.5 * 1.3 = 1.0
From the information above , the required return on the portfolio = risk free rate + beta * (Expected market return - risk free rate) = risk free rate + 1 * (Expected market return - risk free rate) = Expected market return.
Answer:
The correct option is B,115.4 days as shown in the calculation below.
Explanation:
The formula for days sales in inventory is given as:
Days sales in inventory=ending inventory/ cost of goods sold*365 days
ending inventory is $3,389 million
costs of good sold is $10,721 million
days sales in inventory=$3,389 million/$10,721 million*365 days
=115.4 days
The implies the days inventory stays in the business prior to being sold to customers, a days sales in inventory of 115.4 days may suggest slow-moving or obsolete inventory that require that management should pay close attention to.