Use the Table for the Question(s)below

question 73

Multiple Choice

Use the table for the question(s) below.
Consider the following expected returns,volatilities,and correlations:
-The expected return of a portfolio that consists of a long position of $10,000 in Wal-Mart and a short position of $2000 in Microsoft is closest to:

• A)21%.
• B)12%.
• C)27%.
• D)18%.

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Definitions:

Direct Labor-Hours

Aggregate work hours of employees directly participating in production activities.

Overapplied Overhead

A scenario in which the overhead costs assigned to manufacturing exceed the overhead expenses actually incurred.

Overapplied Manufacturing Overhead

Occurs when the allocated manufacturing overhead costs exceed the actual overhead expenses incurred.

Work in Process Inventory

Refers to the value of products in the production process but not yet completed.