Nicole holds three stocks in her portfolio: A, B, and C. The portfolio beta is 1.40. Stock A comprises 15 percent of the dollar value of her holdings and has a beta of 1.0. If Nicole sells all of her investment in A and invests the proceeds in the risk-free asset, her new portfolio beta will be ________.
A) 0.60
B) 0.88
C) 1.00
D) 1.25
D) 1.25
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Which of the following describes a literal patent infringement where the infringed device does more than is described in the patent application of the protected invention?
A. rule of addition B. rule of exactness C. rule of inclusion D. rule of omission
Place Company started construction of a new office building on January 1 . 2014, and moved into the finished building on July 1 . 2015 . Of the building's $5,000,000 total cost, $4,000,000 was incurred in 2014 evenly throughout the year. Place's incremental borrowing rate was 1 . percent throughout 2014, and the total amount of interest incurred by Place during 2014 was $204,000 . What amount
should Place report as capitalized interest at December 31 . 2014? a. $480,000 b. $300,000 c. $240,000 d. $204,000
Days' sales in inventory is calculated as:
A. Ending inventory divided by cost of goods sold times 365. B. Ending inventory times cost of goods sold. C. Cost of goods sold divided by ending inventory times 365. D. Ending inventory divided by cost of goods sold. E. Cost of goods sold divided by ending inventory.
Waste created by a production process is
a. accounted for in the same manner as defective units. b. accounted for as an abnormal loss. c. material that can be sold as an irregular product. d. discarded rather than sold.