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xz_007 [3.2K]
3 years ago
8

You find a certain stock that had returns of 17 percent, -24 percent, 25 percent, and 8 percent for four of the last five years.

The average return of the stock over this period was 10.4 percent. What was the stock's return for the missing year? What is the standard deviation of the stock's returns?
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer:

Missing year return = 26%

Standard deviation = 18.38%

Explanation:

Since the average return of the stock is the mean of all returns over the period. The stock's return for the missing year can be determined by:

10.4=\frac{17-24+25+8+x}{5} \\x=26

The standard deviation is given by:

\sigma =\sqrt{\frac{\sum(x_i-X)^2}{n}}\\\sigma =\sqrt{\frac{(0.17-0.104)^2+(-0.24-0.104)^2+(0.25-0.104)^2+(0.08-0.104)^2+(0.26-0.104)^2}{5}}\\\sigma =0.1838 = 18.38\%

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Answer and Explanation:

1.1 The Journal Entry is shown below:-

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(Being Sales Held is recorded)

b. Warranty Expense Dr, $330  

Estimated Warranty Liability $330

(Being warranty expense recognized is recorded)  

($5,500 × 6%)

c. Estimated Warranty Liability Dr, $435

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(Being warranty Executed is recorded)  

(29 razors × $15)

d. Cash Dr, $16,200  

       To Sales $16,200

(Being Sales Held is recorded)

e. Estimated Warranty Liability Dr, $360

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(Being Warranty Executed is recorded)

(24 × $15)

f. Warranty Expense Dr, $972

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(Being warranty expense recognized is recorded)

($16,200 × 6%)

2. The computation of warranty expense is reported for November 2016 and December 2016 is shown below:-

Warranty Expense for Nov 2016 = $5,500 × 6%

= $330

Warranty Expense for Dec 2016 = $16,200 × 6%

= $972

3. The computation of warranty expense is reported for January 2017 is given below:-

Warranty Expense for Jan 2017 =$10,800 × 6%

= $648

4. The computation of balance of the Estimated Warranty Liability account as of December 31, 2016 is given below:-

Balance of Estimated Warranty Liability on 31 Dec 2016 = Estimated Warranty Liability For Nov 2016 + Estimated Warranty Liability For Dec 2016 - Warranty Claim in Dec 2016

= $330 + $972 - $648

= $654

5. The computation of balance of the Estimated Warranty Liability account as of December 31, 2017 is given below:-

Balance of Estimated Warranty Liability on 31st Jan 2017 = Balance of Estimated Warranty Liability on 31 Dec 2016 + Estimated Warranty Liability for Jan 2017 - Warranty Claim in Jan 2017

= $654 + $648 - (29 × $15)

= $654 + $648 - $435

= $867

6 0
3 years ago
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because he needs to see.

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3 0
3 years ago
Ben bought a desk for $249.99. the sales tax rate was 6.25%. how much did ben pay for the desk? round your answer to the nearest
Lemur [1.5K]
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4 years ago
A market situation where a small number of sellers compose the entire industry is called
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Answer:

The correct answer is: oligopoly.

Explanation:

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Answer:

a hands on occupation

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7 0
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