Answer:
monthly mortgage interest is less than monthly lease cost
Explanation:
4% of 1000000
= $40,000 per year
Per month: 40000/12
= %3,333.33
Monthly mortgage interest is less than monthly lease cost
Answer:
7.5%
Explanation:
Since the beta of this portfolio is 1, it means that it is perfectly synced with the market rate of return. We are told that the market rate of return is 7.5%, so that means that the expected rate of return of the portfolio should also be equal to 7.5%.
Beta measures the volatility of the portfolio or the stocks in relation to the market. If the stock is less volatile, the beta will be less than 1, if the stock is more volatile, the beta will be more than 1.
Answer:
$332 favorable
Explanation:
The computation of the spending variance is shown below:
= Actual supplies cost - flexible supplies cost
where
Actual supplies cost is $2,310
And, the flexible supplies cost would be
= Actual level of activity × price per vehicle + supplies cost per month
= 54 vehicles ×$13 + $1,940
= $702 + $1,940
= $2,642
Now put these values to the above formula
So, the value would equal to
= $2,310 - $2,642
= $332 favorable
A. Promissory Note
It means that when you write someone a check, it is a "promise", that their money will be there or liquidated.