Portfolio expected rate of return: Barry Swifter is 60 years of age and considering retirement. Barry's retirement portfolio currently is valued at $750,000 and is allocated in Treasury bills, as S&P index fund, and an emerging market fund as follow:

Expected Return $ Value
Treasury bills 4.4% 76,000
S&P 500 Index Fund 6.7% 430,000
Emerging Market Fund 11.3% 244,000
a. Based on the current portfolio composition and the expected rates of return given above, what is the expected rate of return for Barrys portfolio?

b Barry is considering a reallocation of his investments to include more treasury bills and less exposure to emerging markets. If Barry moves all of his money from the emerging market fund and puts it is treasury bills, what will be the expected rate of return on the resulting portfolio?

a. Based on the current portfolio composition and the given expected rates of return, the expected rate of return for Barrys portfolio is round to two decimal places.

b if Barry moves all his money out of emerging market funds and puts it in treasury bills, the expected rate of return for his portfolio is round to two decimal places.

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."