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Nataliya [291]
1 year ago
7

your client began purchasing shares of the gro mutual fund two years ago. she has followed a dollar cost averaging approach by i

nvesting $2,000 every six months for the last two years. the following data depict her purchases. date net asset value of fund number of shares purchased october 1, 20x6 $44.44 45 april 1, 20x7 $38.46 52 october 1, 20x8 $33.90 59 april 1, 20x9 $48.78 41 what is your client's average cost per share of gro?
Business
1 answer:
Tems11 [23]1 year ago
5 0

The client's average cost per share of GRO is $40.61

<h3>What is the cost per share of stock?</h3>

The most recent price at which a stock has traded is known as the "share price," or market price per share of stock. When the price a buyer is prepared to pay for a stock meets the price a seller is willing to accept for a stock, it happens as a result of market forces. Divide the total cost of the acquisition by the number of shares purchased to arrive at the average price per share.

Given:

Net asset value of fund(X)  Number of shares purchased(Y)            X×Y

$                             44.44                                            45                     $1,999.80

$                             38.46                                            52                     $1,999.92

$                             33.90                                            59                     $2,000.10

$                             48.78                                             41                      $1,999.98

Total                                                                            197                     $7,999.80

Client's average cost per share                                                                                  $ 40.61

Average cost per share = 7999.80/197 = $40.61

To learn more about average cost per share, visit:

brainly.com/question/10375920

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Answer:

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Explanation:

The computation of the amount used today for preparing the operating budget is shown below:

= Contract value × forward rate

= $100,000 × $1.02

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For computing this, we consider the forward rate and the same is multiplied with the contract value so that the correct amount can come.

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3 0
3 years ago
In its income statement for the year ended December 31, 2022, Sunland Company reported the following condensed data.
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   Multi Step Income Statement

For the Year Ended December 31, 2022    

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Less: Cost of goods sold                                                 ($ 1,257,000)

Gross margin / Profit                                                            $ 943,000

Less: Operating expenses                                                  ($ 722,000)

Income from operations                                                         $ 221,000

Other revenues and gains:    

Interest revenue                                                                     $ 35,000

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Income taxes expenses                                                         ($ 46,000)

Net income                                                                            $ 120,000

Sunland Company

Comprehensive Income Statement

For the Year Ended December 31, 2022    

Net income                                                                   $ 120,000

Add: Other comprehensive income                            $ 8,400

Comprehensive income                                            $ 128,400

Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization. This number appears on a company's income statement and is also an indicator of a company's profitability.

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2 years ago
Which is not one of the five basic elements of aâ paragraph?
Oduvanchick [21]
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1. Unity

2. Development 

3. Audience 

4. Organization

5. Topic Sentence

Answer: A. Spelling

hope this helps!

3 0
3 years ago
Park &amp; Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The
KengaRu [80]

Answer:

a) $14,600.

Explanation:

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= Cash balance + supplies balance + equipment balance

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= $6,200 + $3,200 - $2,120

= $7,280

And, the other item values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $7,280 + $1,120 + $6,200

= $14,600

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stepladder [879]
Hey there!

The correct answer to your question is option A.

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