Answer:
The master budget should only be prepared by top management.
Explanation:
A budget is an estimation of the amount of money that a person or business plans to spend on activities within a given period.
Budgeting creates efficiency in spending and reduces waste.
It is an activity that should be carried out by all relevant staff. This is because the staff know where they need to spend money.
It top management independently make a budget, it may not meet some pressing needs of the staff.
Answer:
standard deviation of the 50 z-scores will equal to 1
Explanation:
Data provided in the question:
The 50 dollars amount is converted to z-score
Now,
The z-score follows the distribution in which the mean is 0 and the value of the standard deviation is 1.
The above value does not get affected due to any distribution of raw scores.
Therefore,
The standard deviation of the 50 z-scores will equal to 1
<span>Management Information System can help Jenson in his sales strategic decision making. The system uses information provided from the company, scenarios and projections to perform an analysis that will be relevant to the decision making process. The system helps in decisions with specific sales and revenue objectives in mind and trend analysis to support the expectations, Jenson can do an evaluation to assess if the results meets his expectations after implementation.</span>
Answer:
1.15
Explanation:
A diversified portfolio consists of $100,000 with 20 stocks and $5,000 invested in each of the stock
The portfolio beta is 1.12
You plan to sell a stock with a beta of 0.90, the proceeds gotten from it will be used to purchase a new stock with a beta of 1.50
Therefore, the portfolio's new beta can be calculated as follows
= (20×1.12-0.9+1.50)/20
= (22.4-0.9+1.50)/20
= 23/20
= 1.15
Hence the portfolio's new beta is 1.15