Why is it important to budget both the income statement in the balance sheet?
A-It can help to prevent employee theft
B-It allows you to analyze the effect of capital expenditures such as inventory purchases
C-It can help you to determine future sales for my new profit line
D-It allows you to determine which suppliers need to be replaced

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii