The responsibility for the fixed overhead volume variance should be assigned to:
a. the purchasing manager.
b. the production manager.
c. the human resource manager.
d. the CEO.
e. None of the answers are correct.
b
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What are common-size income statements?
The $10.00 million mutual fund Henry manages has a beta of 1.05 and a 9.50% required return. The risk-free rate is 4.20%. Henry now receives another $5.00 million, which he invests in stocks with an average beta of 0.65. What is the required rate of return on the new portfolio? (Hint: You must first find the market risk premium, then find the new portfolio beta.)
A. 8.83% B. 9.05% C. 9.27% D. 9.51% E. 9.74%
A contractor used dynamite to loosen a rocky hillside. The blast from the dynamite caused a house foundation to crack. The house was located over a half-mile away from the dynamite site. The contractor was careful when using the dynamite and no
allegation of negligence is made. However, the house owner claims the contractor is liable for damage to the foundation. Is the house owner correct? Explain.
A cashier's check is an instrument in which a bank draws a check on itself.
Answer the following statement true (T) or false (F)