A company made no adjusting entry for accrued and unpaid employee salaries of $8600 on December 31. Which of the following statements is true?
A. It will understate expenses and overstate net income by $8600.
B. It will overstate assets and liabilities by $8600.
C. It will understate net income by $8600.
D. It will understate assets by $8600.
E. It will have no effect on income.
Answer: A
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The annual returns of three stocks for the past seven years are given in the following table:
a) Determine the average return and the standard deviation of returns for each stock. Which stock has the highest expected return and which one has the highest risk?
b) Determine the correlation coefficient and the covariance between each pair of stocks.
c) Determine the average return and the standard deviation of returns of equally weighted portfolios consisting of two stocks (XY, YZ, and XZ) and three (XYZ) stocks. How do the returns and standard deviations of the portfolios compare to those of the individual stocks?
d) Create a chart that shows how the standard deviation of the two-stock portfolios changes as the weight of one of the stocks changes.
e) Use the Solver to determine the minimum standard deviation that could be obtained by combining each pair of two stocks, and also all three stocks into a single portfolio.
A local bank has determined that the daily balances of the checking accounts of its customers are normally distributed with an average of $280 and a standard deviation of $20. a.What percentage of its customers has daily balances of more than $270?b.What percentage of its customers has daily balances less than $250?c.What percentage of its customers' balances is between $241 and $301.60?
What will be an ideal response?
Select the most accurate statement about culture
A) Culture is a subject that is usually taught in high school. B) Cultural attitudes are not learned until adulthood. C) Culture is not something we can be taught; it's something we possess at birth. D) Cultural rules of behavior learned from your family and society are conditioned from early childhood.
In an integer program, if building one facility required the construction of another type of facility, this would be written as: ________
Fill in the blank with correct word.