Quiz Ch 06 – Unveiling the Portfolio with Minimal Risk
Essentials of Investments
Bodie, Kane, and Marcus
12th Edition
What denotes the portfolio with the smallest standard deviation for a given risk premium?
What denotes the portfolio with the smallest standard deviation for a given risk premium?
What is the valuation method for reporting inventories on the balance sheet under U.S. GAAP?
A retailer with an inventory turnover of 3.65 had an average of 100 days for items to be sold from their shelves.
Given the inventory transactions for the corporation — prepare the journal entry using the perpetual inventory system and show what the corporation will report.
Your numbers will vary.
Given COGS, the historical cost, and net realizable — figure out what the company should report for ending inventory and COGS, along with which statement it would show up on.
Your numbers will vary.
Given the sales made, COGS, and inventory at the end of the year — find the gross profit and the rate on inventory turnover.
Your numbers will vary.
Given inventory, purchased goods, sales, and gross profit — determine the estimated cost of ending inventory.
Your numbers will vary.
Given the amount of jars sold, the current cost for the year, and cost per jar — find the sales revenue, cost of goods sold, and gross profit.
Your numbers will vary.
Given the total purchases, paid freight-in, freight-out cost, and purchase discounts — find the cost of inventory.
Your numbers will vary.
Prepare the income statement using the average cost, FIFO, and LIFO methods.
Your numbers will vary.