Answer:
Add $45 to the book balance.
Explanation:
This is a transposition error which is an example of error of original entry. A transposition error occurs when the figures are posted in the wrong order, while an error original entry occurs when a wrong amount is entered into the right account. This kind of error usually causes discrepancy between the bank balance and the book balance.
To correct this error in the question, we first find the difference between the right amount and the wrong amount as follows:
Difference = Right amount – Wrong amount = $272 - $227 = $45
Therefore, the difference of $45 will be added to the book balance to bring it into an agreement with the bank treatment as follows:
Bank correct treatment = $272
New book treatment = Wrong amount + Difference = $227 + $45 = $272
It can now be seen that both posting are now in agreement after the correction.
All of the above all the above I've done it all
Answer:
10.9%
Explanation:
to calculate the expected return of the portfolio, we first need to calculate the portfolio's beta:
the portfolio beta = (beta UPS stock x weight UPS stock) + (beta Walmart stock x weight Walmart) = (1.4 x 50%) + (0.9 x 50%) = 0.7 + 0.45 = 1.15
portfolio's expected return = risk free rate + (portfolio beta x market risk premium) = 4% + (1.15 x 6%) = 4% + 6.9% = 10.9%
Select (A RANGE) to apply formatting to several cells at the same time.
-I hope this helps!!
Answer:
Budgeted cost of goods sold = $3,150,000
Explanation:
Given:
Budgeted beginning finished goods inventory = $390,000
Budgeted production costs = $3,000,000
Budgeted ending finished goods inventory = $240,000
Find:
Budgeted cost of goods sold
Computation:
Budgeted cost of goods sold = budgeted beginning finished goods inventory + budgeted production costs - budgeted ending finished goods inventory
Budgeted cost of goods sold = $390,000 + $3,000,000 - $240,000
Budgeted cost of goods sold = $3,150,000
