Answer:
12.42%
Explanation:
Stock Weights(A) Return (B) Product (A*B)
A 32% 11.50% 3.68%
B 43% 15.20% 6.54%
C 25% 8.80% 2.20%
Portfolio Return 12.42%
So, the expected return on the portfolio is 12.42%.
Answer: See explanation
Explanation:
From the information given,
Budgeted hours = 660
Budgeted rate per hour = 3.4
Budgeted rooms to clean = (600 × 60)/36 = 36000/36 = 1000
1. What is the amount of the budget variance?
This will be:
= (Actual room - Budgeted room) × Standard rate
= (1050 - 1000) × 3.4
= 50 × 3.4
= 170 favorable
2. What is the amount of the volume variance?
This will be:
= Standard cost - Actual labor cost
= (630 × 3.4) - (660 × 3.3)
= 2142 - 2178
= 36 Unfavorable
3. What is the amount of the efficiency variance?
This will be:
= 3.4 × (630 - 660)
= 3.4 × (-30)
= 10.20 Unfavorable
4. What is the amount of the rate variance?
This will be:
= Actual time ( Standard rate - Actual rate)
= 660 × (3.4 - 3.3)
= 660 × 1
= 660 Favorable
Answer:
C. Commissions and fees collected by Barrett-Jackson
Explanation:
Only the commissions and fees collected by Barrett-Jackson that will be included as part of the 2016 GDP. Cars sold at auctions are not counted in the GDP because second hand sales do not tend to involve production. Therefore, resold cars and products generally are not included in the GDP. The only scenario whereby used product resold are included in the GDP is if there has been value addition on the product.
The commissions and fees collected would fall under the income aspect of the GDP, hence are counted.
Answer:
10.55%
Explanation:
The stock in Bowie's enterprise has a beta of 0.87
The expected return on the market is 11.70%
The risk free rate is 2.89%
Therefore, the required return on the company stock can be calculated as follows
= 2.89%+0.87(11.70%-2.89%)
= 2.89%+10.179%-2.5143%
= 2.89%+7.6647%
= 10.55%
Hence the required return on the company's stock is 10.55%
Answer:
Journal entries for the
Completion of Job 113
Debit Finished Good/Inventory Account $ 5000
Credit WIP JOB 113 Account $ 5000
(In words we will debit finished good account by shifting work in process related to the job 113 in it)
Journal entries for the
Completion and sale of Job 85
Debit Finished Good/Inventory Account $ 3000
Credit WIP JOB 113 Account $ 3000
For sales following two entries will be passed.
Debit Cost of Good Sold Account $ 3000
Credit Finished Good/Inventory Account $ 3000
Debit Cash (or Receivable if credit sale) $ 4500
Credit Sales Account $ 4500
