What is the cost of goods sold

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Reference no: EM132048902

1. A firm has beginning inventory of 270 units at a cost of $7 each. Production during the period was 690 units at $16 each. If sales were 760 units, what is the cost of goods sold (assume FIFO)?

$9,530

$9,930

$9,730

$10,030

2. The market portfolio has an expected return of 18% and the risk-free rate is 6%. An investor borrows $100 at the risk-free rate and invests this and a further $100 of his own in the market portfolio. What is his expected return?

a) 19.6%

b) 21.6%

c) 18.6%

d) 30.0%

Reference no: EM132048902

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