An efficient portfolio is one that ________
A) guarantees a predetermined rate of return
B) maximizes return for a given level of risk
C) consists of a single asset, which gives maximum return
D) maximizes return at all risk levels
B
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Parol evidence includes testimony about communications between the parties that are not contained in the contract itself
Indicate whether the statement is true or false
Shrewsbury Inc. reported the following results from last year's operations: Sales$7,200,000Variable expenses 5,400,000Contribution margin 1,800,000Fixed expenses 1,296,000Net operating income$ 504,000Average operating assets$4,000,000At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics: Sales$2,480,000 Contribution margin ratio 40% of salesFixed expenses$868,000 The company's minimum required rate of return is 14%.The residual income for this year's investment opportunity when considered alone is closest to:
A. $124,000 B. $12,000 C. $108,800 D. $0
Discuss the relationship between realized gain and boot received in a § 1031 like-kind exchange.
What will be an ideal response?
According to many ethicists, ______ is key to ethical behavior and works hand in hand with moral reasoning in the decision-making process.
A. moral reasoning B. moral imagination C. moral ethics D. moral intelligence