1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alla [95]
2 years ago
7

A mutual fund had NAV per share of $23.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $23.15. Income

distributions were $0.63, and the fund had capital gain distributions of $1.26. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year
Business
1 answer:
Stella [2.4K]2 years ago
7 0

The rate of return did an investor receive on the fund last year is : 8.87%.

<h3>Rate of return</h3>

Using this formula

Rate of return=(Dec fund's NAV -Jan fund's NAV +Income distribution+Capital gain distribution)/Jan fund's NAV

Let plug in the formula

Rate of return = ($23.15 - $23.00 + $.63 + $1.26)/$23.00

Rate of return =$2.04/$23.00×100

Rate of return = 8.87%

Therefore the rate of return did an investor receive on the fund last year is : 8.87%.

Learn more about rate of return here:brainly.com/question/24301559

#SPJ1

You might be interested in
_________ is the elapsed time from receipt of a customer order to when the completed goods are shipped to the customer.
Leno4ka [110]

The period of time between receiving a client order and shipping the finished items to the customer is referred to as the delivery cycle time.

When it comes to measuring internal business performance, delivery cycle time is regarded as a very crucial statistic. It is defined as the period of time between the moment an order is received and the time it is actually sent.

This usually plays a significant role for both organizations and customers because prompt order processing is a skill that almost all firms and customers tend to value.

In a similar vein, it can be seen that quicker delivery cycles can also serve as a possible competitive advantage for the business and, in most situations, are essential to their existence.

To know more about delivery cycle time.

brainly.com/question/24321175

#SPJ4

4 0
2 years ago
Phoenix Guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and
jok3333 [9.3K]

Answer:

Option A

Explanation:

In simple words, Regardless of the expense of making guitars, the technique reduces the total cost of manufacturing a instrument. Phoenix would be in the production business of instruments, not pickups.

The target of this technique is therefore the entire guitar, not really the pickups. The smaller the process of manufacturing their instruments, the better manoeuvrability they have on the market. When they have reduced costs, they may change rates downwards in order to capture further market penetration.

5 0
3 years ago
On a pay stub, what is the difference between "Net Pay" and YTD Net Pay"?
Len [333]
Net pay is how much you made in a year after taxes YTD Net pay is how much you've made from January to the last day of the pay period before taxes
4 0
3 years ago
The Bell Company had the following operating results: Year Income (loss) Tax Rate Income Tax 2015 40,000 35% 14,000 2016 20,000
Alex73 [517]
24,000 I am guessing
3 0
3 years ago
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 220.00; Variable expense
dalvyx [7]

Answer:

The answer is d. 3911

Explanation:

First, we obtain the contribution margin, wih the formula Selling price per unit minus variable expense per unit. So, the contribution margin per unit is 220 - 97.5 = 122.5.

Next, knowing how much each unit contributes to cover the fixed costs, we can calculate how many units do we need to pay the fixed expenses. This is called "break even point" or BEP. The formula is Fixed Expenses / Contribution margin per unit. So, the BEP is 448,090 / 122.5 = 3,657.88.

With those two things, the final task is to calculate how many units we need, covered the fixed expenses, to achieve the company target profit. The formula is Target profit / Contribution margin per unit. So, the number of units is 31,000 / 122.5 = 253.06.

Finally, we add these two number, to obtain the total units needed to cover the fixed costs and achieve the target profit: 3,657.88 + 253.06 = 3,910.64 = 3,911

7 0
3 years ago
Other questions:
  • The Lost Continent Store pays a constant dividend. Last year, the dividend yield was 5.75 percent when the stock was selling for
    14·1 answer
  • Look at the table the utility of macaroni and cheese. carmen loves macaroni and cheese for thanksgiving. carmen's marginal utili
    15·1 answer
  • The team wanted to prevent customers from mistakenly choosing the hottest hot sauce and risking injury.Which of the following wo
    12·1 answer
  • What is true of someone with a low credit score I they probably make payments on time II they may not be able to rent the apartm
    13·1 answer
  • An independent group wants to determine if the consumption of gasoline has increased due to changes in price. the group randomly
    5·1 answer
  • Please calculate the answer to the following problem, showing all of your work. NO CREDIT will be given if I cannot follow your
    10·1 answer
  • Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living a
    11·1 answer
  • Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do
    10·1 answer
  • What's the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever? (Round your answer to
    5·1 answer
  • An inexperienced accountant for Cheyenne Corp. showed the following in the income statement: income before income taxes $371,000
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!