An investment advisor has recommended a $50,000 portfolio containing assets R, J, and K; $25,000 will be invested in asset R, with an expected annual return of 12 percent; $10,000 will be invested in asset J, with an expected annual return of 18 percent; and $15,000 will be invested in asset K, with an expected annual return of 8 percent. The expected annual return of this portfolio is
12.67%
12.00%
10.00%
unable to be determined from the information provided
The two major sources of short-term financing are
a line of credit and accounts payable
accounts payable and accruals
a line of credit and accruals
accounts receivable and notes payable