3. during the year, walt travels from seattle to tokyo (japan) on business. his time was spent as follows: 2 days’ travel (one day each way), 2 days’ business, and 2 days personal. his expenses for the trip were as follows (meals and lodging reflect only the business portion):

air fare 3,000

lodging 2,000

meals and entertainment 1,000

presuming no reimbursement, walt’s deductible expenses are?

a. $3,500.

b. $4,500.

c. $5,500.

d. $6,000.

e. none of these.

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Don’t give me to many notifications because it will cause you to lose alot of points

The total value of your portfolio is $10,000: $3,000 of it is invested in stock a and the remainder invested in stock b. stock a has a beta of 0.8; stock b has a beta of 1.2. the risk premium on the market portfolio is 8%; the risk-free rate is 2%. additional information on stocks a and b is provided below. return in each state state probability of state stock a stock b excellent 15% 15% 5% normal 50% 9% 7% poor 35% -15% 10% what are each stock’s expected return and the standard deviation? what are the expected return and the standard deviation of your portfolio? what is the beta of your portfolio? using capm, what is the expected return on the portfolio? given your answer above, would you buy, sell, or hold the portfolio?