Preparing a Selling and Administrative Expenses Budget

Elwood Company makes and sells plastic trash bags. In the coming year, Elwood expects total sales of $18,620,000. There is a 4% commission on sales. In addition, fixed expenses of the sales and administrative offices include the following:

Salaries $ 796,000
Utilities 173,000
Office space 312,000
Advertising 1,100,000
Required:

Prepare a selling and administrative expenses budget for Elwood Company for the coming year.

Elwood Company
Selling and Administrative Expenses Budget
For the Coming Year
Variable selling expenses $
Fixed expenses:
Salaries $
Utilities
Office space
Advertising
Total fixed expenses
Total selling and administrative expenses $

Rate of return, standard deviation, coefficient of variation personal finance problem mike is searching for a stock to include in his current stock portfolio. he is interested in hi-tech inc.; he has been impressed with the company's computer products and believes hi-tech is an innovative market player. however, mike realizes that any time you consider a technology stock, risk is a major concern. the rule he follows is to include only securities with a coefficient of variation of returns below 1.07. mike has obtained the following price information for the period 2015 through 2018:hi-tech stock, being growth-oriented, did not pay any dividends during these 4 years. a. calculate the rate of return for each year, 2015 through 2018, for hi-tech stock. b. assume that each year's return is equally probable and calculate the average return over this time period. c. calculate the standard deviation of returns over the past 4 years. (hint: treat this data as a sample.) d. based on b and c determine the coefficient of variation of returns for the security. e. given the calculation in d what should be mike's decision regarding the inclusion of hi-tech stock in his portfolio?