In some instances, accounting principles require a departure from valuing inventories at cost alone. determine the proper unit inventory price in the following cases, under the lower-of-cost-or-market rule. (round answers to 2 decimal places, e. g. 52.75.)
cases 1 2 3 4 5
cost $15.90 $16.10 $15.90 $15.90 $15.90
net realizable value 14.50 19.20 15.20 10.40 16.40
net realizable value less normal profit 12.80 17.60 13.75 8.80 14.80
market (replacement cost) 14.80 17.20 12.80 9.70 16.80

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

Suppose an investor starts with a portfolio consisting of one randomly selected stock. as more and more randomly selected stocks are added to the portfolio, what happens to the portfolio's risk