Juan has a casualty loss of $32,500 on investment property after receiving an insurance settlement. This is Juan's only casualty transaction this year. Juan's loss is

Create a user-defined function to calculate the Sharp ratio using the equation (14-17) that was introduced in Chapter 14 on page 450. Use the following data to test your function:

a) Write the function to accept three arguments: the risk-free rate, the standard deviation of returns, and the average return. Call this function SharpeRatioA.
b) Rewrite your function so that it accepts the range of returns and makes use of Application.WorksheetFunction to calculate the standard deviation and the average return. Call this function SharpeRatioB.

A third party who sues to recover on a partnership contract need not name all the general partners in the lawsuit

Indicate whether the statement is true or false

Among the following choices, an operations manager might best evaluate political risk of a country by looking at which type of country ranking?

A) based on competitiveness B) based on cost of doing business C) based on corruption D) based on magnitude of government social programs E) based on average duration between presidential/prime minister elections

Complete the following balance sheet using the information given. Round account balances to the nearest

dollar. Balance Sheet Income Statement Cash Sales (All Credit) $20,000 Accounts receivable Cost of goods sold 10,000 Inventory Operating expenses 6,000 Net fixed assets Interest expense 100 Total assets Taxes 1,365 Net income $2,535 Accounts payable Short-term notes payable $1,425 Ratios: Long-term debt Profit Margin = 12.675% Common stock $5,000 Return on Equity = 15% Retained earnings Quick Ratio = 1.2 Total Liabilities and equity Return on Total Assets = 10% Fixed Asset Turnover = 1.6 Current Ratio = 2 Days Sales Outstanding = 45