Answer:
the expected return on the portfolio is 15.50%
Explanation:
The computation of the expected return on the portfolio is shown below:
Total investment is
= $2,700 + $3,800
= $6,500
Now
Expected return of portfolio is
= ($2,700 ÷ $6,500) × 12 + ($3,800 ÷ $6,500) × 18
= 4.98% + 10.52%
= 15.50%
Hence, the expected return on the portfolio is 15.50%
Answer:
The balance in Eve's prepaid insurance account as of December 2021 is $18000 as shown below.
Explanation:
The balance of prepaid insurance would be the balance left after 12 months expense has taken from both amounts
Liability policy $36000*6/18=$12000
Crop damage policy $12000*12/24=$6000
Balance of prepaid insurance $18,000
The balance of $18000 would be left in the prepaid insurance account,whereas the balance damage crop policy account would be enough for the coming year, there is a need for 6 months insurance policy payment in respect of liability policy in the year 2022
Im sorry , i don’t understand .
but have a good day <33
Answer and Explanation:
The journal entry to record the issuance of the common stock is shown below;
Cash Dr (3,000 shares × $14) $52,000
To Common stock (3,000 shares × $5) $15,000
To Additional paid in capital $27,000
(being the issuance of the common stock is recorded)
Here the cash is debited as it increased the asset and credited the common stock & additional paid in capital as it also increased the equity
