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The Accountant of Magic Video Games Prepared a Balance Sheet

question 102

Essay

The accountant of Magic Video Games prepared a balance sheet immediately after each transaction was recorded.During September,the first month of operation,the following balance sheets were prepared:
$The accountant of Magic Video Games prepared a balance sheet immediately after each transaction was recorded.During September,the first month of operation,the following balance sheets were prepared: Required: Describe the nature of each of these five transactions for the month of September. \begin{array} { | l | l |l| } \hline \text { Sept. } & 1&\quad \quad \quad \quad \quad \quad \quad \quad \\ \hline & 5 \\ \hline & 9 \\ \hline & 11 \\ \hline & 15 \\ \hline \end{array}$
$The accountant of Magic Video Games prepared a balance sheet immediately after each transaction was recorded.During September,the first month of operation,the following balance sheets were prepared: Required: Describe the nature of each of these five transactions for the month of September. \begin{array} { | l | l |l| } \hline \text { Sept. } & 1&\quad \quad \quad \quad \quad \quad \quad \quad \\ \hline & 5 \\ \hline & 9 \\ \hline & 11 \\ \hline & 15 \\ \hline \end{array}$
$The accountant of Magic Video Games prepared a balance sheet immediately after each transaction was recorded.During September,the first month of operation,the following balance sheets were prepared: Required: Describe the nature of each of these five transactions for the month of September. \begin{array} { | l | l |l| } \hline \text { Sept. } & 1&\quad \quad \quad \quad \quad \quad \quad \quad \\ \hline & 5 \\ \hline & 9 \\ \hline & 11 \\ \hline & 15 \\ \hline \end{array}$
$The accountant of Magic Video Games prepared a balance sheet immediately after each transaction was recorded.During September,the first month of operation,the following balance sheets were prepared: Required: Describe the nature of each of these five transactions for the month of September. \begin{array} { | l | l |l| } \hline \text { Sept. } & 1&\quad \quad \quad \quad \quad \quad \quad \quad \\ \hline & 5 \\ \hline & 9 \\ \hline & 11 \\ \hline & 15 \\ \hline \end{array}$
Required: Describe the nature of each of these five transactions for the month of September.
$\begin{array} { | l | l |l| } \hline \text { Sept. } & 1&\quad \quad \quad \quad \quad \quad \quad \quad \\\hline & 5 \\\hline & 9 \\\hline & 11 \\\hline & 15 \\\hline\end{array}$

Definitions:

Selection Contribution

The return added to a portfolio through the successful selection of securities, differentiating from the return that would result from holding a passive benchmark portfolio.

Total Excess

The amount by which returns on an investment exceed the benchmark or risk-free return over a specified period.

Bogey Portfolio

An investment portfolio that serves as a benchmark against which other portfolios' performances are measured.

Geometric Average

A method of calculating the average rate of return of a set of values multiplicatively linked together, commonly used to determine the performance of investments over time.