Answer:
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Explanation:
Answer:
the expected return on the portfolio is 11.55%
Explanation:
The computation of the expected return on the portfolio is shown below:
= Respected Probabilities × respected return
= (0.35 × 0.09) + (0.2 × 0.15) + (0.45 × 0.12)
= 0.0315 + 0.03 + 0.054
= 0.1155
= 11.55%
hence, the expected return on the portfolio is 11.55%
Answer: $400
Explanation:
To solve the question, we should note that the annual depreciation under the straight line depreciation method is given as:
= ( Cost - Salavage ) / Estimated Useful Life
= ($3,000 - $200 ) / 7
= $2800 / 7
= $400.
Therefore, the depreciation in year 3 will be $400
Answer:
O Lower prices, better quality, more choices
Explanation:
Business competition forces entrepreneurs to seek better ways to satisfy customers' needs. Business owners use creativity to develop products that provide a high utility value to consumers.
Business competition compels firms to innovate as they try to win more customers. Through innovations, firms create products and services that are more appealing in terms of quality and price than rival goods and services.