Answer:
$16.125≅ $16.13
Explanation:
in the question
Correlation coefficient β doubles
we know that
Required return= risk free return + (market risk premium)*β
0.13= 0.05 + 0.07*β
β= 1.1428
current β of 1.1428
now 
where
k= expected return
D= expected dividend after the end of the year
P= current market prize per share
=3.38
so current dividend is $3.38 per share
now, when β doubles it become 2.28
hence required return = 0.05 +0.07*2.28
= 0.2096
=20.96%
The dividend remains the same D= $3.38
now
=$16.125
so, when the β doubles, the prize of the market per share becomes $16.125
Answer:
B) Return on assets
Explanation:
Asset utilization ratio shows the length of time take on average to collect its sales. Inventory turnover, Fixed asset turnover and average collection period are all the ratio calculates the average days / times to recover the sales value. So the only return on asset is a value which deals with total net income as a percent of average assets
Welfare payments are usually made in cash equivalents that can be used be the recipient for a variety of goods and services. Consumer subsidies are used for one thing, such as food.
<u>Journal entry to show the allocation of under applied or over applied overhead for the year:</u>
It is given that the company allocates any under applied or over applied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. The amounts are given $90,336 for work in process, $316,176 for finished goods, and $722,688 for cost of goods sold. Assuming that these amounts are under applied overhead, and then the Journal entry to record the allocation of under applied overhead for the year shall be as follows:
Work in Process inventory Debit $90,336
Finished Goods Inventory Debit $316,176
Cost of Goods Sold Debit $ 722,688
Manufacturing Overhead Credit $ 1,129,200
(Being under applied overhead adjusted)
Answer:
B. Legal rules must always be upheld to the letter without exception if law and order are to be maintained.
Explanation:
I only just guessed but I hope this helped u.
