What is Net Asset Value?
Net asset value is the value of an entity's assets less the value of its liabilities, which is frequently used in relation to open-end or mutual funds because shares of such funds registered with the Securities and Exchange Commission are redeemed at net asset value.
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$11.69
offering price= NAV / (1-load)
12.30=NAV / (1-0.05)
12.30=NAV / (0.95)
12.30 x 0.95 = NAV
NAV= 11.69
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Answer:
B. Yes / Yes
Explanation:
From the question, the following two important group of words can be identified:
a. "infrequent in occurrence"
b. "unusual in nature"
Under U.S. Generally Accepted Accounting Principles (GAAP), those two group of words describe a transaction that is part of income from continuing operations of a business when it results in a gain or loss. The reason is that the transaction occurs frequently and it is normal in nature.
However, if the two words to describe a transaction were "unusual" and "infrequent", such a transaction will be reported as extraordinary items. The reason is that the transaction does not occur frequently and it is abnormal in nature.
Based the explanation above, the correct option is B. Yes / Yes. That is, under U.S. GAAP, the effect of a material transaction that is infrequent in occurrence but not unusual in nature should be presented separately as a component of income from continuing operations when the transaction results in a gain or loss.
Answer: Mutual funds is the answer.
Explanation:
Answer:
The new mean is 93,076
Explanation:
To solve this question we first need to find the total salary of all the employees combined. For that we will multiply the mean by the number of employees. The mean is 70,000 and number of employees are 39 so the total salary is
(70,000*39)=2,730,000. Now in order to find the new mean we first have to deduct 100,000 from this number and add 1,000,000 to it. (2,730,000-100,000+1,000,000)=3,630,000
In order to find the new mean we will divide 3,630,000 by 39
3,630,000/39= 93,076
To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.
<h3 /><h3>What is adjusting entry?</h3>
An adjusting entry is the entry that is posted after the posting of all the journal entries for a period, all the transactions are posted and then at the end of the period the adjusting entry is recorded.
The adjusting entry balances and effects the balance of the assets, liabilities, revenue and expenditure at the end of the period.
Adjusting entry is also posted when the reversing effect of the journal entry is to be posted and this results in the change of the account balances of assets and liabilities of the company.
The balance sheet and income statement is prepared after the posting of journal and adjusting entries.
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