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xxTIMURxx [149]
3 years ago
11

On January 1, 2016, Brian's stock portfolio is worth $100,000. On September 30, 2016, $5,000 is withdrawn from the portfolio, an

d immediately after this withdrawal the portfolio has a value of $105,000. Twelve months later, the value of the portfolio is $108,000, and Brian adds $3,000 worth of stock to his portfolio. On December 31, 2017, the portfolio is worth $100,000. What is the time-weighted rate of return for Brian's stock portfolio over the two year period
Business
1 answer:
defon3 years ago
3 0

Answer:

1.93%

Explanation:

The time weighted rate of return will be computed by combining the return at every time period demarcated by a withdrawal/addition.

<em>Time 1: Jan 1, 2016 to Sep 30, 2016</em>

start value = 100,000; end value = (105,000+5,000) = 110,000

Return = \frac{110,000}{100,000}=1.1

<em>Time 2: Sep 30, 2016 to Sep 30, 2017</em>

start value = 105,000; end value = 108,000

Return = \frac{108,000}{105,000}=1.028571

<em>Time 3: Sep 30, 2017 to Dec 31, 2017</em>

start value = (108,000 + 3,000) = 111,000; end value = 100,000

Return = \frac{100,000}{111,000}=0.900901.

Therefore, time weighted return

= (1.1 * 1.028571 * 0.900901) - 1

= 0.019305

= 1.93%.

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mash [69]

Answer:

5,750 units were completed and transferred out of the Engineering department during January

Explanation:

This question requires us to calculate the number of units that were completed and transferred out during th month from engineering department. This can be solve easily with the help of equation given below.

Opening units + unit put in process = closing units + units transferred out

units transferred out = 24,000 + 1,750 -20,000

units transferred out  = 5,750 units

4 0
3 years ago
10. A person who selects, purchases, uses, or disposes of goods or services is
Lorico [155]

Answer:

consumer

Explanation:

a consumer buys and utilizes merchandise

3 0
2 years ago
Using the aging method of accounts receivable method, $5,800 of the company’s Accounts Receivable are estimated to be uncollecti
djverab [1.8K]

Answer:

$5,140

Explanation:

Data provided in the question:

Uncollectible Accounts receivable = $5,800

Balance of Accounts Receivable = $108,000

Allowance for Doubtful Accounts = $660

Credit sales during the year = $166,000

Now,

Bad debt expense = Uncollectible Receivables - Allowance of doubtful debts

or

Bad debt expense = $5,800 - $660

or

Bad debt expense = $5,140

6 0
3 years ago
Production costs chargeable to the Finishing Department in May at Kim Company are materials $7,700, labor $19,700, overhead $18,
kenny6666 [7]

Answer and Explanation:

The computation of the unit cost for material and conversion cost is shown below:

Material Cost per Unit is

= Total Material Cost ÷  Equivalent Units for Materials

,= ($7,700 +  $66,801) ÷ (20,300 units)

= $3.67 per unit

And, the conversion cost per unit is

= (labor cost + overhead cost) ÷ equivalent units for conversion

= ($19,700 + $18,289) ÷ 18,900 units

= $2.01 per unit

5 0
3 years ago
Stone Corporation is a manufacturing company that makes small electric motors it sells for $45 per unit. The variable costs of p
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Answer:

40,000 units

Explanation:

Given that,

Selling price per unit = $45 per unit

Variable cost per unit = $25

Fixed cost = $800,000

Contribution margin per unit:

= Selling price per unit - variable cost per unit

= $45 - $25

= $20

Break - Even units:

= Fixed cost ÷ Contribution margin per unit

= $800,000 ÷ $20

= 40,000 units

Therefore, the Break - Even sales in units are 40,000.

5 0
3 years ago
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