Lee company has the following information for the pay period of december 15–31: gross payroll $16,000 federal income tax withheld $4,000 social security rate 6% federal unemployment tax rate 0.8% medicare rate 1.5% state unemployment tax rate 5.4% assuming no employees are subject to ceilings for taxes on their earnings, salaries payable would be recorded for a.$16,000 b.$11,040 c.$10,800 d.$9,808

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