Asurprising discovery. an intern at a quantitative hedge fund examines the daily returns of around 400 stocks over one year (which has 250 trading days). she tells her supervisor that she has discovered that the returns of one of the stocks, google (goog), can be expressed as a linear combination of the others, which include many stocks that are unrelated to google (say, in a different type of business or sector). her supervisor then says: "it is overwhelmingly unlikely that a linear combination of the returns of unrelated companies can reproduce the daily return of goog. so you’ve made a mistake in your calculations." is the supervisor right? did the intern make a mistake? give a very brief explanation.

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars