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3 years ago

7

Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance

of losing 6%. What is your expected return on this investment

1 answer:

stellarik [79]3 years ago

6 0

Answer:

9.2%

Explanation:

expected return of the investment = potential return x chance of each return happening

Expected return of the investment:

20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
50% chance of occurring x 10% potential return = 0.5 x 10% = 5%

30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
total expected return = 9.2%

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Harris Company uses the allowance method of handling its credit losses. It estimates credit losses at one percent of credit sale

likoan [24]

Answer:

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Explanation:

Harris Company

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Credit Losses = 1% of $ 2700,000= $ 27000

Add Allowance for Doubtful Accounts $ 30600 Cr

Required Adjustments $ 57,600 Cr

General Journal

Date Description Debit Credit

Dec.31 Bad Debts Expense 27000

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December 31 Balance Sheet.

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Less: Allowance for Doubtful Accounts $57,600 ( 27000+ 30,600)

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3 years ago

Stanford owns and operates two dry cleaning businesses. He travels to Boston to aquire a restaurant. Later in the month, he trav

Olegator [25]

Answer:

$4,522

Explanation:

As the restaurant is not acquired so the amount of $28,000 would be non-deductible

Also if the expenses is incurred so the maximum deduction allowed is in excess of $50,000 is $5,000

Now

= $51,000 - $50,000

= $1,000 reduction

And,

= $5,000 - $1,000

= $4,000 deduction

Now

= $51,000 - $4,000

= $47,000

Now

= $47,000 ÷ 180 months

= $261 × 2 months

= 522

Now total deduction is

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2 years ago

Sansa, Cercei, and Tyrion have just finished their team's project and are waiting for their supervisor's feedback. Cercei has be

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Answer:

Cercei's mood would be categorized as:

negative activated.

Explanation:

Moods do not last longer than emotions. Like Cercei's that unengaged and quiet mood during the project duration, it starts and ends within some period of time. However, a person's mood can be described as either negative or positive. Since Cercei's mood was negative from the commencement of the project to its ending, one can conclude that she activated her negative mood during the period.

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The "invisible hand" concept suggests that

Alisiya [41]

The answer is C hope it helps

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3 years ago

Prepare a multiple-step income statement for Armstrong Co. from the following data for the year ended December 31. Sales, $755,0

Tatiana [17]

Answer:

See explanation

Explanation:

Armstrong Co.

Multi-step Income Statement

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<u>Less: Cost of merchandise sold (330,000)</u>

Gross Profit $425,000

Less: Operating expenses

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That is the appropriate way to prepare a multi-step income statement

3 0

2 years ago