Answer:
False.
Explanation:
To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount. Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production. To close this debit, therefore, a credit entry is required to the manufacturing overhead account. The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.
The local government receive most of their money from Real Estate Property Tax and Personal Property Tax.
Real Estate Property are properties that are immovable. This includes land, building, and all improvements (fixtures) that cannot be removed without damage to the property.
Real Estate Property Tax is levied on homes, farms, business properties, and most other real property.
Personal Property are properties that are movable. Examples are vehicles (cars, van, SUV)
The options provided are incorrect. The correct answer is given below
Answer:
New Portfolio beta = 1.125
Explanation:
The portfolio beta is the function of the weighted average of the individual stock betas that form up the portfolio. The formula to calculate the beta of a portfolio is as follows,
Portfolio beta = wA * Beta of A + wB * Beta of B + .... + wN * Beta of N
Where,
- w represents the weight of each stock in the portfolio
New Portfolio beta = 50000/200000 * 0.8 + 50000/200000 * 1 +
50000/200000 * 1.2 + 50000/200000 * 1.5
New Portfolio beta = 1.125
Answer:
The future price of Silver is $26.14
Explanation:
First we compute Total storage costs(Tsc) in the future given by the equation:
T<em>sc</em> = (S<em>c</em>/4) * [ 1 + exp(-rT<em>1</em>) + exp(-rT<em>2</em>) ]
where Sc is the storage cost today
where r is the rate
S<em>c</em> = $0.24
T<em>1</em> = 3/12
T<em>2</em> = 6/12
r = 5%=5/100
= 0.05
Tsc = (0.24/4) [ 1 + exp(0.05*3/12) + exp(0.05*6/12) ]
Tsc = 0.06 [ 1 + exp(-0.05×0.25) + exp(-0.05×0.5) ]
Tsc = 0.178
The future price( Fv) is given by:
Fv = (Sp+ Tsc) *exp(rt)
where Sp is the spot price of silver
where r is the interest rate
where t is the delivery time ratio (9 months compared to 12 months)
Sp = $25
r = 5%
= 5/100=0.05
t = 9/12
=0.75
Fv = (25. 000+0. 178) * e
xp(0. 05×0 .75
)
Fv = $26. 14
