3. Stock A has a volatility of 20%, B has a volatility of 30%, and their correlation coefficient is 50%. They have the same expect returns. Suppose we can buy x share of A, and 1-x share of B. Then what the x should be for us to invest to make our portfolio has the minimum volatility?
The vols add in quadrature, with the caveat that the interference term has the correlation factor in there. So: sig(port)^2 = x^2*sig(A)^2+(1-x)^2*sig(B)^2+2*x*(1-x)*sig(A)*sig(B)*rho(AB) Take the partial with respect to x and set that equal to zero. Solve for x and get: x = 6/7
I would call in a meeting to find out exactly what is going wrong. If it is only a small team, I would make it a point to talk to them one by one and get their feedback. There is nothing like talking to someone face to face to see and hear what one has to say.
Mention any cashiering jobs or cash office jobs and be specific with how much money you handled on average. You will also be asked if you were solely accountable for your drawer/safe.
East N.Y. Savings Bank, Mid Town Location:NYC., Lead / Head Teller. Citibank: World Trade Center and Queens, NYC., 2x different locations. NYC.
Lead / Head Teller in Queens, and a High Priority Teller at Wall Street, N.Y.C.T.A. Location BROOKLYN n QUEENS, NY. Cash Handler for over 5 years, On a Average DAY of BY Hand Cash Handled was $200.00K, or higher. McCoy Federal Credit Union, Location ORLANDO, FL. $$ amounts would vary from day to day. PGA Credit Union, Location PBG. $$$ amounts would vary day to day, Friedman 's Jewlers Location WPB., FL. Assistance Store Manager n Credit Manager. $$$ varied from day to day, as well as the jewelry. SAM'S Location: WPB. FL. COS/CSM Cashier. OVER 2 years. Handling CASH $$ was a big Part of responsibility as well as Member / Customer Service. I started working at 15 years old, n I've always dealt with Zero Mistakes / Errors made, when it came the end of the day to Prove Out / Count Drawer Down. Bonded in 2 states, NY and FL. Thank you for your time, it is appreciated. KATHLEEN Uzzo
Balance Sheet-data about available resources as well as the claims to those resources Income Statement-data about the profitability of the company detailing sources of revenue and the expenses which reduce profit Cash Flows- illustrates the inflow and outflow of cash within the business. It shows where the cash comes from into the company, and how it’s used Statement of Retains Earnings-focuses on changes in retained earnings
The cash flows statement shows cash flows from operating, investing and financing activities. In the operating activities area, for example, you would add back depreciation expense to net income (since no cash has actually left your firm). Investing activities could include money from sales of land, and financing could include receiving cash from a loan, or giving out dividends to shareholders.
Employee opening accounts for clients that did not request them or understand what they were doing in the acct opening process. I addressed it with that employee and reviewed the account opening guidelines and ethics. Informed them of the process that would be instantly instituted if a this practice did not stop immediately. It did not happen again.
It is your job to sell him on the idea of mutual funds. Ask him questions about his current situation, know the customer, understand asset allocation, understand diversification and give specific examples of why investing large amounts of money in one stock takes on a lot of risk.
My last company was paying a lot in gross receipts tax for the state of Washington. I did a lot of research and found a way to apportion sales differently and saved the company 500K in tax expense for one year.