DeShawn wants to fill out a financial application For post secondary education. What personal Information does DeShawn Most likely need to fill Out the application?
His income
His childhood address
His extracurricular activities
His grade point average in high school.

Answer:

Beta for the other stock = 1.88

Explanation:

A  portfolio is said to be as risky as the market where its beta is exactly equal to 1. A beta of greater than 1 implies the portfolio is riskier than the average market, and less risky where the beta is less than 1.

A portfolio that has an equal proportion of three asset would mean a weight of 1/3 for each asset

So we can represent the portfolio beta as follows:

1 = 1/3×(0) + 1/3× (1.12) + 1/3×y

1= 0.37 + 0.33y

0.33y = 0.626

y= 0.626/0.33

y= 1.88

Beta for the other stock = 1.88

Answer:

1. 21,000 kg of plastic

2. $168,000

3. $3000 Unfavorable

4. Materials Price variance $9000 Favaorable

Materials Quantity variance $12,000 Unvaforable

Explanation:

1. Calculation to determine the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets

Using this formula

Standard quantity of kilograms of plastic (SQ) = Standard quantity required per helmet x Total no. of helmets

Let plug in the formula

Standard quantity of kilograms of plastic (SQ) = 0.60 kg x 35,000

Standard quantity of kilograms of plastic (SQ) = 21,000 kg of plastic

Therefore The standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets is 21,000 kg of plastic

2. Calculation to determine the standard materials cost allowed (SQ X SP) to make 35,000 helmets

Using this formula

Standard materials cost allowed (SQ X SP) = Standard quantity required per helmet x Standard cost per kg x Total no. of helmets

Let plug in the formula

Standard materials cost allowed (SQ X SP)= 0.60 x $8 x 35,000

Standard materials cost allowed (SQ X SP)= $168,000

Therefore The standard materials cost allowed (SQ X SP) to make 35,000 helmets is $168,000

3. Calculation to determine the materials spending variance

First step is to calculate the Materials Price variance

Using this formula

Materials Price variance = (AQ × AP) - (AQ × SP)

Let plug in the

Materials Price variance= $171,000 - (22,500 x $8)

Materials Price variance= $171,000 - 180,000

Materials Price variance= -$9,000

= $9000 Favaorable

Second step is to calculate the Materials Quantity variance using this formula

Materials Quantity variance = (AQ × SP) - (SQxSP)

Let plug in the formula

Materials Quantity variance=

Materials Quantity variance= 180,000 - $168,000

Materials Quantity variance=$12,000

Materials Quantity variance= $12,000 Unvaforable

Now let calculate the Materials spending variance using this formula

Materials spending variance = Price variance + Quantity variance

Let plug in the formula

Materials spending variance= -$9,000+ $12,000 Materials spending variance= $3,000

Materials spending variance= $3000 Unfavorable

Therefore Materials spending variance is $3000 Unfavorable

4. Calculation to determine the materials price variance and the materials quantity variance

Calculation for the Materials Price variance Using this formula

Materials Price variance = (AQ × AP) - (AQ × SP)

Let plug in the formula

Materials Price variance= $171,000 - (22,500 x $8)

Materials Price variance= $171,000 - 180,000

Materials Price variance= -$9,000

Materials Price variance= $9000 Favaorable

Therefore Materials Price variance is $9000 Favaorable

Calculation to determine Materials Quantity variance using this formula

Materials Quantity variance = (AQ × SP) - (SQxSP)

Let plug in the formula

Materials Quantity variance= = 180,000 - $168,000

Materials Quantity variance=$12,000

Materials Quantity variance= $12,000 Unvaforable

Therefore Materials Quantity variance is $12,000 Unvaforable