Answer:
Date Account Title and Explanation Debit Credit
XXXX Cost of goods sold $5,800
To manufacturing overhead $5,800
(Entry for unapplied overhead transfer to cost of goods sold)
<span>What Supreme Court decision overturned Plessy v. Ferguson?
</span><span>A. Brown v. Board of Education</span>
Answer:
C) Invest $2500 in a risk free asset and $2500 in a stock with beta of 2.0
Explanation:
Stock that is beta 2 means that it is twice as volatile as the whole market. Meaning for example if the market is expected to move by 5% this stock will move 10%. New startup firms that are fast-growing usually have stocks in this category. It is more risky thank normal shares but no too much. We can invest $2,500 here.
We invest the remaining $2,500 in risk-free assets
This is a backup on the chance that the investment on beta 2 stocks do not perform, the risk-free assets will make up for losses.
Answer:
The answer is: $3,657
Explanation:
To determine the amount of the loan we have to calculate the present value of the future payments discounting the interest rate of 5.85%.
PV loan = <u>$987 </u> + <u> $1,012 </u> + <u> $1,062 </u> + <u> $1,162 </u>
1.0585 1.0585^2 1.0585^3 1.0585^4
PV loan = $932.45 + 903.23 + 895.47 + 925.64
PV loan = $3,656.80
An installment payment is equal payments every month, meaning it is the correct answer. (B)
