At a Recent Company Meeting, Ravi Batra, Sales Manager of Life's

question 133

Multiple Choice

At a recent company meeting, Ravi Batra, sales manager of Life's a Beach, a surfboard producer, announced, "We have increased our sales by 13 percent in just 9 months." Suppose 9 months ago, its sales amounted to $245,000.What is the value of its sales today?

• A)$31,850
• B)$207,638
• C)$276,850
• D)$359,905

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Definitions:

Portfolio Beta

A metric assessing how a portfolio's risk and volatility stack up against that of the general market.

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Short-term U.S. government debt obligations backed by the Treasury Department with a maturity of less than one year.

Portfolio Expected Return

The anticipated return on an investment portfolio based on the predicted returns of its individual securities and their respective weights.

Royal Bank

A financial institution that is chartered or authorized to operate under a royal charter.