Use the Table for the Question(s)below

question 48

Essay

Use the table for the question(s)below.
Consider the following covariances between securities:
-What is the variance on a portfolio that has $2000 invested in Duke Energy,$3000 invested in Microsoft,and $5000 invested in Wal-Mart stock?

Understand the principles of activity-based budgeting and its application.

Recognize the importance of budgeting in corporate planning and control and identify various types of budgets.

Calculate the impact of depreciation and equipment purchases on budgeted financial statements.

Interpret the effect of budgeted financial activities on retained earnings and other equity accounts.