, 15.02.2021 22:10 megamorph

# On June 3, 2020, Novak Company sold to Ann Mount merchandise having a sales price of \$7,300 (cost \$5,840) with terms of n/60, f. o.b. shipping point. Novak estimates that merchandise with a sales value of \$730 will be returned. An invoice totaling \$140 was received by Mount on June 8 from Olympic Transport Service for the freight cost. Upon receipt of the goods, on June 8, Mount returned to Novak \$200 of merchandise containing flaws. Novak estimates the returned items are expected to be resold at a profit. The freight on the returned merchandise was \$24, paid by Novak on June 8. On July 16, the company received a check for the balance due from Mount. Prepare journal entries for Novak Company to record all the events in June and July.

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of \$10. the fair value of the sars is estimated to be \$5 per sar on december 31, 2014; \$2 on december 31, 2015; \$10 on december 31, 2016; and \$8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.
You hold a diversified \$100,000 portfolio consisting of 20 stocks with \$5,000 invested in each. the portfolio's beta is 1.12. you plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. what will the portfolio's new beta be? do not round your intermediate calculations.