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inysia [295]
2 years ago
14

If+the+offering+price+of+an+open-end+fund+is+$12.30+per+share+and+the+fund+is+sold+with+a+front-end+load+of+5%,+what+is+its+net+

asset+value?+(round+your+answer+to+2+decimal+places.)
Business
1 answer:
Leni [432]2 years ago
3 0

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.

Main Content

$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

To learn more about Net Asset Value

brainly.com/question/28075110

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During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000
mixer [17]

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

6 0
3 years ago
Delaney Inc. has several transactions with foreign entities. Each transaction is denominated in the local currency unit of the c
lina2011 [118]

Answer:

qwertyuiopasdfghjklzmnbxvctqyeuippskdnf

Explanation:

di kopo yarn alam

5 0
3 years ago
Discuss how the JIT concept differs between manufacturing and service companies.
mylen [45]

Similar to manufacturing, services use methods that add value to the raw materials required to make the finished product. JIT emphasizes the process rather than the end result. Therefore, it may be applied to any set of processes, whether they are involved in manufacturing or providing services.

In the context of the industrial and service industries, the Just in Time (JIT) system: Companies use just-in-time (JIT) inventory strategies to boost productivity and cut waste by only ordering products when they are actually needed for manufacturing, which lowers inventory expenses.

Between service and manufacturing organizations, there are five key differences: the tangible nature of their output; production on demand or for inventory; production tailored to the needs of a particular customer; labour-intensive or automated operations; and the requirement for a physical production location.

In reality, though, service and industrial firms have a lot in common. Many manufacturers have their own service departments, and both industries need trained workers to run a successful organization.

Learn more about JIT here:

brainly.com/question/16016464

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4 0
2 years ago
Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local
Savatey [412]

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

5 0
2 years ago
If inflation is increasing at 2.4 percent per year, and your salary increases at the same rate, how long will it take your salar
Oksana_A [137]

Answer:

it take 29.23 years, my salary to double.

Explanation:

To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.

As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.

Target value = Existing value ( 1 + growth rate )^time period

200% = 100% ( 1 + 2.4% )^n

2 = 1 ( 1 + 0.024 )^n

2 = 1 ( 1.024 )^n

2 = 1.024^n

Taking log on both sides to solve the n

Log 2 = n Log 1.024

n = Log 2 / Log 1.024

n = 29.23 years

I will take 29.23 year to double the salary

5 0
3 years ago
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