An investor puts up $6,000 but borrows an equal amount of money from his broker to double the amount invested to $12,000. The broker charges 4% on the loan. The stock was originally purchased at $30 per share, and in 1 year the investor sells the stock for $33. The investor's rate of return was . Multiple Choice 8.00% 12.00% 6.00% 16.00%

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: