1. A portfolio contains 488 shares of stock x and 225 shares of stock y. The prices of stocks x and y are $12.20 and $15.00 respectively. If the expected returns on x and y are 10.98%, and 13.50%, what is the expected return on the portfolio?

2. If the cost of a renovation job include permits ($500), supplies ($2000), subcontracted salaries/materials ($4000), and $500 in miscellaneous expenses (such as gas driving to/from job site). The contractor wants to make a 25% markup. What is the price of the job to the customer?

3. This year, ABC expects sales of $222,843,000 and a gross profit margin of 31.7 percent this year, along with an Inventory Turnover Ratio (COGS Basis) of 6.10. What is ABC's projected level of inventory, given these numbers?