you have $100,000 to invest in either stock d, stock f, or a risk-free asset. you must invest all of your money. your goal is to create a portfolio that has an expected return of 12.1 percent. assume d has an expected return of 15.6 percent, f has an expected return of 11.5 percent, and the risk-free rate is 6.3 percent. if you invest $50,000 in stock d, how much will you invest in stock f?

Answers

Answer 1

To determine how much you should invest in stock F, we need to find the remaining amount after investing $50,000 in stock D. you should invest approximately $37,391.30 in stock F to achieve the desired portfolio expected return of 12.1% when investing $50,000 in stock D.

Given:

Investment in stock D: $50,000

Expected return of stock D: 15.6%

Expected return of stock F: 11.5%

Risk-free rate: 6.3%

Desired portfolio expected return: 12.1%

To find the amount to be invested in stock F, we can set up the following equation:

($50,000 * 0.156) + (Amount to be invested in stock F * 0.115) = ($100,000 * 0.121)

Simplifying the equation:

$7,800 + (Amount to be invested in stock F * 0.115) = $12,100

Subtracting $7,800 from both sides:

Amount to be invested in stock F * 0.115 = $4,300

Dividing both sides by 0.115:

Amount to be invested in stock F = $4,300 / 0.115

Calculating:

Amount to be invested in stock F = $37,391.30

Therefore, you should invest approximately $37,391.30 in stock F to achieve the desired portfolio expected return of 12.1% when investing $50,000 in stock D.

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Related Questions

What is a trend in business

Answers

A trend in buisness is to invest

Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d

Answers

The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.

With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.

Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.

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All economic systems have to answer the following questions. What goods should be produced? How should the goods be produced? For whom should the goods be produced?
Why must these questions be asked?
a. The opportunity cost of specialization is high.
b. There is inequality in the distribution of resources.
c. There are unlimited wants and limited resources.
d. The forces of supply and demand are unreliable.

Answers

An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

What is an Economic System?

An economic system is a mechanism used by communities or governments to coordinate and distribute resources, services, as well as goods throughout a territory or nation. The factors of production, such as land, capital, labor, and physical resources, are governed by economic systems.

A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services is known as an economic system or economic order.

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(n) blank______ occurs when an organizational buyer simply reorders additional units of products with no changes from an approved supplier.

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The term you are looking for is "straight rebuy." Straight rebuy refers to a buying situation in which an organizational buyer makes routine purchases of a product from an approved supplier without any significant changes or modifications.

In this case, the buyer already has a established relationship with the supplier and is satisfied with the product, price, and terms of the previous purchase. The decision-making process involved in a straight rebuy is relatively simple and quick since the buyer does not need to evaluate alternative suppliers or consider different options. It is a repetitive and routine purchasing behavior that focuses on maintaining a reliable supply of the product.

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ARTICULATE THE MAJOR APPLICATIONS OF DEMAND AND SUPPLY TOOLS IN DIFFERENT TYPES OF MARKETS . REFERENCE SHOULD BE MADE TO ANY EMERGING ECONOMY OF YOUR CHOICE.

Answers

Answer:

Demand and supply are important tools for formulating an economy. The major role is played by demand and supply function in an economy. Demand and supply of a product decides the price for it.

Explanation:

Demand and Supply of a product is set in order to achieve equilibrium in an economy. If demand for a product is higher than its supply then it will create burden on its price and prices for the product will increase. If the supply for a product is high and demand is low then the prices will decline as customer will have sufficient supply to buy from and they will buy at lowest possible price.

A valid acceptance of the offer to enter into a unilateral contract is effective at the time the offeree performs the act called for in the offer (e.g. return of a missing pet). True False

Answers

"A valid acceptance of the offer to enter into a unilateral contract is effective at the time the offeree performs the act called for in the offer" is true

In a unilateral contract, the offeror (the party making the offer) promises to provide a reward or consideration upon the completion of a specific act by the offeree (the party receiving the offer). The distinguishing characteristic of a unilateral contract is that acceptance of the offer occurs when the offeree performs the requested act.

Unlike in a typical bilateral contract where acceptance is usually manifested through a direct communication of agreement, such as signing a document or saying "I accept," acceptance in a unilateral contract is indicated by the offeree's performance of the requested act. This act is often something specific, such as completing a task, delivering a service, or accomplishing a goal.

Once the offeree performs the requested act, the acceptance is considered valid, and the contract is formed. The offeror is then obligated to fulfill their promise of providing the reward or consideration specified in the offer. Until the act is completed, the offeree is under no obligation, and there is no binding contract.

This concept is commonly referred to as "acceptance by performance" or "acceptance by conduct" because acceptance is manifested through the offeree's conduct of performing the act. The performance of the act itself acts as a form of acceptance, signaling the offeree's intent to be bound by the terms of the contract.

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What Is An Example Of Opportunity Cost In Your Life?

Answers

The idea of opportunity cost is presented in many situation in every day life. One example of this could be choosing to go to the movies with your friends instead of studying for a test that you have the next day. The opportunity cost is by choosing to go with your friends, you may lose valuable study time that could contribute to you getting a higher grade on the test.
Hope this helps. Please mark brainliest I need three more

Roy Sartore has been hired to oversee all of the plans that the city of Denver has created to expand its train transportation system by adding six more lines to the metro area. Roy will be responsible for planning the project, managing the processes, and finalizing each new line as it is completed. How would you categorize the majority of the decisions Roy will have to make to complete his job?

Answers

Answer:

Semistructured decisions

Explanation:

From the question, we are informed about Roy Sartore who has been hired to oversee all of the plans that the city of Denver has created to expand its train transportation system by adding six more lines to the metro area. Roy will be responsible for planning the project, managing the processes, and finalizing each new line as it is completed. In this case, the majority of the decisions Roy will have to make to complete his job would be categorized as Semistructured decisions. A semi-structured decision can be regarded as type of decision whereby most of the factors that is required to make the decision are been known, though human experience as well as other outside factors can still play a role in the decision making. Another instance of this semi-structured decision making is when diagnosing a medical condition.

Among the key management skills, which do you think is the most important skill that a manager should possess?

Answers

Answer:

Good communication

Explanation:

Having good communication skills is probably the most important skill of all for managers to have. Unless you can properly communicate with those you supervise, the rest of the skills really won't matter.

The exterior measurement of a home is 88 feet by 55 feet. That includes a garage that measures 24 feet by 30 feet. What is the home's gross living area?

Answers

The exterior measurement of a home is 88 feet by 55 feet. That includes a garage that measures 24 feet by 30 feet. 2976 is the home's gross living area.

Measure height and width of every side. for every side, multiply height times width to urge the whole exterior measurement square feet. Measure other areas not included within the sides, like gables, dormers and more.

Measure the length and width, in feet, of every room. A garage will only count towards the square footage of a home if it's been legally converted into an elbow room. Defining floor areas will be tricky as there are alternative ways of measuring further as opinions on what should count.

Most zoning doesn't count spaces like basements or garages as a part of the ground area, although if it's fit habitation and a particular height, it may be included as floor area. Calculations for the square footage of a home are taken from the skin dimensions of the structure (so exterior and interior wall thickness is included).

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analyze the merits and drawbacks of operating in a mass market.

Answers

Answer:

merits

1. Cost efficiency

1. Cost efficiencyMass marketing is a cost-effective option when companies use it to advertise products that consumers consider necessities. Customized advertisements are often expensive compared to mass marketing campaigns. With mass marketing, companies might avoid using resources to contact customers individually.

2. Large scope

2. Large scopeMass marketing campaigns often reach wider audiences when compared to niche marketing techniques. Whereas niche marketing appeals to one specific type of customer, mass marketing targets all consumers in a market. When a company uses mass marketing, it sends each of its advertisements across several channels and has the potential to reach a variety of customers.

3. Brand awareness

. Brand awarenessMass marketing can increase a company's brand awareness. Customers that view a company's mass marketing campaign several times or in a variety of places may have an easier time recognizing the brand and its products. A solid brand image might discourage competition from other companies that use mass marketing and have similar products.

4. Time efficient

Time efficientMarketing teams can save time when using mass marketing techniques. Niche marketing requires professionals to create different advertisement strategies for each marketing segment. Mass marketing reduces the time spent on advertisement creation by using the same campaign for each type of customer.

drawbacks

1. Customer experience

1. Customer experienceA customer's experience with a mass marketing campaign may vary depending on factors like their interests, demographics, needs and geographical location. Consumers have different needs and desires, and a single marketing campaign may not fulfill the wishes of each customer. For example, mass marketing may be successful in one geographic area but customers in other regions might not respond positively to it.

2. Inefficient for small businesses

2. Inefficient for small businessesMass marketing may be an inefficient strategy for small businesses. While it's a cost-effective option for large companies, mass marketing can be expensive for small businesses. Small businesses that sell unique products or services may find more success with customized advertisements that appeal to specific audiences.

3. Competition

3. CompetitionCompanies that rely on mass marketing may face competition from businesses that use targeted advertisements. Customers might prefer customized marketing campaigns and specific products rather than a single good or service that tries to appeal to an entire market. Consumers may specialize their searches when looking for a product to purchase and avoid interacting with mass advertisements. Additionally, new companies that try to enter the market may face competition from established businesses that rely on mass marketing to attract a consistent customer base.

Decision confidence is highest under a condition of a. uncertaintyb. certainlyc. sibjective riskd. a non-programmed situatione. an objective risk

Answers

The correct answer is b. certainty.

Decision confidence is highest under the condition of certainty.

Certainty exists when the decision-maker knows with 100% confidence the outcome of each possible decision. In this situation, the decision-maker can choose the best option with complete confidence.

In contrast, uncertainty exists when the decision-maker does not know the outcome of each possible decision. This makes it difficult to choose the best option and can lead to a lower level of decision confidence.

Subjective risk and objective risk are factors that affect decision-making under uncertainty, but they do not necessarily lead to higher decision confidence. A non-programmed situation is a complex, unstructured problem that requires a unique solution and is not routine. These types of situations can also lead to lower decision confidence due to their complexity and lack of structure.

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any good business plan ideas
my business will be something to do with tie Dye

Answers

Answer:

nike socks for sure

Explanation:

Hoodies/Gloves would be amazing options.

In the sale of a business, if the requirements of the Uniform Commercial Code are not
followed, who would most likely suffer the greatest injury?
Buyer
Broker
Creditors
Lender

Answers

If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

The UCC comprised of rules that applied for the following contracts:

Sale of goodsGoods leasingnegotiable instrumentsbanking transactionsletter of creditinvestment securitiestransactions that are secured

It is to be adopted in many states also at the same time it gives the remedies and rights to both the buyer & seller

So, the parties that do not suffer are:

BrokerCreditorLender

Therefore we can conclude that If the requirements of the Uniform Commercial Code are not  followed, the party that is most probable to suffer the highest injury is the buyer

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Alice Kitchen's, Inc. bonds have a 10% coupon rate with semiannual coupon payments. They have 12.5 years to maturity and a par value of $1,000. Compute the value of Alice's bonds if investors' required rate of return is 8%.

Answers

the value of Alice Kitchen's bonds is $828.73 if investors' required rate of return is 8%.

To compute the value of Alice Kitchen's bonds, we can use the present value formula for a bond, which is:

Bond Value = (Coupon Payment / \((1 + r)^t)\)+ (Coupon Payment /\((1 + r)^(t+1))\)+ ... + (Coupon Payment + Face Value /\((1 + r)^(n))\)

Where:

r = the required rate of return

t = the number of periods until the next coupon payment

n = the number of periods until maturity

We are given that the bond has a 10% coupon rate with semiannual coupon payments, which means that the coupon payment is $50 ($1,000 par value x 10% coupon rate / 2 payments per year). The bond has 12.5 years to maturity, which means that there are 25 periods until maturity (2 coupon payments per year x 12.5 years).

Using a required rate of return of 8%, we can now calculate the value of the bond as follows:

Bond Value = ($50 / \((1 + 0.04)^1) + ($50 / (1 + 0.04)^2) + ... + ($50 + $1,000 / (1 + 0.04)^25)\)

Bond Value = $828.73

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Which best compares and contrasts the teaching and training careers and the professional support careers? Both careers try to support student success; however, teaching and training careers involve direct instruction of students. Both careers help students learn; however, teaching and training careers are involved in running the school. Both careers are increasing the number of available jobs; however, professional support career earns less money. Both careers have support careers; however, professional support careers assist in the classroom.

Answers

Which best compares and contrasts the teaching and training careers and the professional support careers? Both careers try to support student success; however, teaching and training careers involve direct instruction of students. Both careers help students learn; however, teaching and training careers are involved in running the school. Both careers are increasing the number of available jobs; however, professional support career earns less money. Both careers have support careers; however, professional support careers assist in the classroom.

Answer: A, Both careers try to support student success; however, teaching and training careers involve direct instruction of students.

Explanation:

             Edge 2020.

family business consultants typically advise parents to a. let a child work outside the family business, for a time at least, to prove he or she can make it without help from the family. b. introduce children to the family business at a later age. c. never bring siblings into the family business as this will more than likely create competition and conflict. d. subtly, rather than openly, push a child toward a career in the family business.

Answers

Instead of forcing their children into company right once, family business experts typically urge parents to let their children work outside the family firm to demonstrate their abilities.

What distinguishes a family business from other types of businesses?

While business is realistic, aggressive, and speculative in nature, family is emotional, protective, and secure. When an entrepreneur starts a firm, he devotes all of his energy to it, and it becomes an extension of him. The border separating his personal assets from his corporate assets is quite thin.

What one of the following describes a family business?

According to Shankar and Astrachan (1996), a family firm may be identified by its ownership percentage, voting control, influence over strategic choices, involvement of many generations, and active management of family members.

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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by

Answers

Answer:

see. I hope it's helpful for you lol

Explanation:

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Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,

Identify and explain two reason why the primary sector is relatively more important to Botswana than India?

Answers

Answer:

There is labour abundance in primary sector in India. Also, most of the people are employed in the primary sector because enough jobs are not provided by the secondary and tertiary sector. Employment growth is less in the secondary and tertiary sector. About 63% of the country are absorbed in the primary sector

I
In which book of original entry would you enter the following?
(a) Sales invoice

(b) Debit note-

(c) Cash sale-

(d) Purchase invoice-

(e) Credit note-​

Answers

Try e I THINK ITS E :D

Revenues were $1,000,000, Cost of Goods Sold was $750,000, and Net Income was $120,000. Net profit margin equals ______.

Answers

The net profit margin is 12%

The parameters given in the question are

Revenue= $1,000,000

Cost of goods sold= $750,000

Net income= $120,000

Net profit margin= Net income/revenue × 100

                            = 120,000/1,000,000 × 100

                             = 0.12 × 100

                             = 12 %

Hence the net profit margin is 12%

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You invest $100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a Tbill with a rate of return of 0.05. What percentages of your money must be invested in the risky asset and the risk-free asset, respectively, to form a portfolio with a standard deviation of 0.6

Answers

To form a portfolio with a standard deviation of 0.6, what percentages of your money must be invested in the risky asset and the risk-free asset, respectively.

Investment in risky asset = $100

Expected rate of return of the risky asset = 0.12

Standard deviation of the risky asset = 0.15

Rate of return of T-bill = 0.05

Target standard deviation of the portfolio = 0.6

Let x be the percentage of money invested in the risky asset.

Therefore, (100 - x) is the percentage of money invested in T-bills.The formula to calculate the standard deviation of the portfolio is given as:

$$\sigma_P=\sqrt{\left({w_A}\times {\sigma_A}\right)^2+\left({w_B}\times {\sigma_B}\right)^2+2\times w_A\times w_B\times Cov\left(A,B\right)}$$

Where w is the weight and σ is the standard deviation of assets A and B.Cov (A, B) is the covariance of the returns of assets A and B.

The formula to calculate the expected return of the portfolio is given as:$$E\left(R_P\right)=w_A\times E\left(R_A\right)+w_B\times E\left(R_B\right)$$Where w is the weight and E (R) is the expected return of assets A and B.

Now, substituting the given values in the above formulas, we get the following two equations:

\[\text{For expected return,}\]$$0.12x+0.05(100-x)=E\left(R_P\right)$$\[\text{For standard deviation,}\]$$\sqrt{{x}^2\left(0.15\right)^2+(100-x)^2\left(0\right)^2+2\times x\times (100-x)\times (0.15)(0)}=0.6$$

Simplifying the above equation, we get$${0.0225{x}^2-3x+120}=0$$On solving the above quadratic equation, we get$x = 5.33, 22.22$

Since the percentage of money cannot be negative, x = 22.22So, 22.22% of money must be invested in the risky asset and (100 - 22.22) = 77.78% must be invested in the risk-free asset to form a portfolio with a standard deviation of 0.6.  

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_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital

Answers

The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.

Par value can be explained as the value of a single common share which is been specified by corporation's charter.

This cannot be been  related to the actual value of the shares.

Therefore, par value is the correct term.

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Janel, a media consultant, is helping the integrated marketing communications manager of a French cosmetics company with the design and content to be used in an upcoming promotional campaign in Japan. The IMC manager knows what to corwey but wants to word it in a culturally relevant manner. With which step of the International communications process is Janel helping the company?

a. decoding of the message

b. providing feedback from customers

c. encoding of the message

d. reducing noise from competing ad campaigns

e. choosing an appropriate channel for the message

Answers

Janel's primary role in this scenario aligns with the encoding of the message step of the international communications process. Here option C is the correct answer.

Encoding refers to the process of translating the intended message or information into a format that is suitable for transmission through a specific medium. In this case, Janel is assisting the company in crafting the content and wording of the promotional campaign.

By doing so, Janel is ensuring that the message is culturally relevant and effectively conveys the desired information to the target audience in Japan. Since the company is promoting its products in a different cultural context (Japan), it is crucial to consider the cultural nuances, preferences, and sensitivities of the Japanese market.

Janel's expertise as a media consultant helps the integrated marketing communications manager tailor the message appropriately, ensuring it resonates with the Japanese audience and effectively communicates the intended information while being culturally relevant. Therefore option C is the correct answer.

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Calvin purchased 2 fish bowls full of goldfish and 3 goldfish in a single bag. Each bowl had 6 fish in it. How many goldfish did Calvin buy? Calculate the number of fish in 1 bowl and in the bag together. Divide that number by the number of bowls. Calculate how many goldfish are in 2 fish bowls. Add that number to the number of fish in the bag. Calculate how many more goldfish are in a bowl than the bag. Multiply that number by the number of bowls. Calculate how many fish bowls there are. Add that number to the number of fish in the bag.

Answers

Answer:

How many goldfish did Calvin buy?

(2 bowls x 6 goldfish) + 3 goldfish in a bag = 15 goldfish

Calculate the number of fish in 1 bowl and in the bag together.

(1 bowls x 6 goldfish) + 3 goldfish in a bag = 9 goldfish

Divide that number by the number of bowls.

9 goldfish / 2 bowls = 4.5 goldfish

Calculate how many goldfish are in 2 fish bowls.

2 bowls x 6 goldfish = 12 goldfish

Add that number to the number of fish in the bag.

12 goldfish + 3 goldfish = 15 goldfish

Calculate how many more goldfish are in a bowl than the bag.

6 goldfish - 3 goldfish = 3 goldfish more in a bowl than in a bag

Multiply that number by the number of bowls.

3 goldfish x 2 = 6 goldfish

Calculate how many fish bowls there are.

2 fish bowls

Add that number to the number of fish in the bag.

2 + 3 = 5

2. Carla has 15 items on her "to do " list when she arrives at work today. By noon she has completed 3/5 of the items. How many has she completed?
A. 3
B. 5
C. 9
D. 12



Answers

C would be the correct answer. Because you can divide 15 by 5 and then multiply 3 by 3.

This graph compares the cost of an education at different institutions in Texas.

A graph titled The Cost of Tuition in Texas from 2012 to 2013 has type of school on the x-axis, and yearly cost in thousands of dollars on the y-axis. Public 4-year university is about 7,000, and private 4-year is 23,000. Public community college is 2,000, and private community college is 9,000. Technical school is 4,000.

This graph demonstrates that

private universities can cost three times as much to attend as public universities.
public universities can cost three times as much to attend as private universities.
community colleges can cost five times as much to attend as technical schools.
technical schools can cost five times as much to attend as community colleges.

Answers

Answer:

private universities can cost three times as much to attend as public universities.

Explanation:

Private universities are more expensive to attend compared to public universities. As per the graph, the public university is cost 7,000 while private university costs 23,000 to attend.  It is then correct to say that private universities cost more than three times as public universities ( 23,000/7,000= 3.29).

Community college costs 9000, while technical schools cost 4000; the cost is not five times more.

Technical schools 4,000 and community colleges are 9000; the costs are only two and a half more.

The graph is a pictorial representation of the data given.

The graph shows the relationship between two quantities whether it is linear or inversely proportional etc.

The given graph depicts that:

Private universities can cost three times as much to attend as public universities.

The given data tells that

                                         Costs

                                a)Public                 b)  Private

University                7000                        23000

College                    2000                        9000

Dividing b by a gives

23000/7000=3.286

9000/200= 4.5

Choice b public universities can cost three times as much to attend as private universities is incorrect.

Choice c community colleges can cost five times as much to attend as technical schools  is also incorrect.

Choice d technical schools can cost five times as much to attend as community colleges is incorrect as well.

The best answer from the given choices is option a: private universities can cost three times as much to attend as public universities.

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Information regarding income levels, education, occupation, and ethnic groups in your target market is called

A. product-based research
B. advertising information
C. demographics
D. secondary research

Answers

Answer:

Option C. Demographics

Explanation:

Demographics are a population section of a particular target market depending upon specific demographic information which differentiates this section from other section population. These demographics mostly includes location, family status, occupation, education level, etc.

What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis C. Ensure that the organization's financial investment in employees pays off D. Help hire and place applicants in the best interest of the organization and individual

Answers

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Micker Boots produces cowboy boots. Its Raw Materials Inventory account contains only direct materials. If the beginning balance in Raw Materials Inventory is $4500, the ending balance is $3600, and $60000 was the amount transferred to Work in Process Inventory, what is the amount of materials purchased during the period?
A. $60900 B. $60000 C. $68100 D. $59100

Answers

Option D is correct. The amount of materials purchased during the period is $59100.

To calculate the amount of materials purchased during the period, we need to consider the change in the Raw Materials Inventory balance.

The formula for calculating the amount of materials purchased is:

Materials Purchased = Ending Balance + Purchases - Beginning Balance

In this case, the beginning balance is $4500, the ending balance is $3600, and $60000 was transferred to the Work in Process Inventory.

Using these values in the formula, we can calculate the amount of materials purchased:

Materials Purchased = $3600 + $60000 - $4500

= $59100

Therefore, the amount of materials purchased during the period is $59100.

The amount of materials purchased during the period is determined by considering the change in the Raw Materials Inventory balance. In this case, with a beginning balance of $4500, an ending balance of $3600, and $60000 transferred to the Work in Process Inventory, the amount of materials purchased is calculated to be $59100. This represents the value of direct materials acquired by Micker Boots during the period for the production of cowboy boots.

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