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
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

#SPJ1

You might be interested in
At which stage of the business cycle would the economy be at when GDP begins to rise and the unemployment rate begins to fall?
Lyrx [107]

Answer: A - peak

Explanation:

Just took the test the other answer is wrong!!!

4 0
3 years ago
Self-interest helps achieve society's economic goals because as consumers and producers exercise their ____ to act in their own
aleksklad [387]

Answer:

Self-interest helps achieve society's economic goals because as consumers and producers exercise their<u> freedom</u> to act in their own self-interest markets will produce the desired goods at the<u> lowest </u>possible cost.

5 0
3 years ago
Consumers have certain rights that do not carry corresponding responsibilities. true or false.
Over [174]
Thank you for posting you question here at brainly. I think the statement "<span>Consumers have certain rights that do not carry corresponding responsibilities." is false. Below are the right of the consumer:

</span><span> <span><span> <span> Right to Safety</span> </span> <span> <span> Responsibility of Right to Safety</span> </span> <span> <span> Right to Be Informed</span> </span> <span> <span> Responsibility of Right to Be Informed</span> </span> <span> <span> Right to Choose</span> </span> <span> <span> Responsibility of Right to Choose</span> </span> <span> <span> Right to Be Heard</span> </span> <span> <span> Responsibility of Right to Be Heard</span> </span> <span> <span> Right to Redress</span> </span> <span> <span> Responsibility of Right to Redress</span> </span> <span> <span> Right to Consumer Education</span> </span> <span> <span> Responsibility of Right to Consumer Education</span> </span> <span> <span> Right to Healthy Environment</span> </span> <span> <span> Responsibility of Right to Healthy Environment</span> </span></span></span>
3 0
3 years ago
Our company manufactures and sells calculators for $90 each. A major University has offered us $70 per calculator for a one-time
sergiy2304 [10]

Answer:

Increase in operating income by $5,000

Explanation:

Firstly, we shall compute the additional cost of this order,

Variable Cost = Direct material + Direct Labor + Variable factory overhead

= $25 + $20 + $15 = $60

Note: Fixed cost will not form part of this decision, as the company has additional capacity lying idle, thus no additional fixed cost will be incurred, and the fixed cost allocated i.e. $12 per unit is not relevant, as is just allocation and not incurred, it is a kind of sunk cost allocated.

Relevant cost = $60 per unit

Selling price per unit = $70 per unit

Contribution to profit = $70 - $60 = $10 per unit

Total increase in operating income = $10 \times 500 = $5,000

Thus operating income will increase by this amount.

Increase in operating income by $5,000

8 0
3 years ago
A good change control process will include:
harkovskaia [24]

Answer: A. All of these

Explanation: Change Control is the process companies uses to document, identify and authorize changes to an environment or process. It assists in reducing the chances of unauthorized modifications, disruptions and errors in the system/process and therefore follows a specific pattern towards its implementation. This would include: Change request identification, assessment, analysis, approval or rejection, and finally implementation. All these from start to finish is usually documented in the change request log.

8 0
3 years ago
Other questions:
  • A grapefruit farmer in central Florida is trying to decide whether to take protective action to limit damage to his crop in the
    11·1 answer
  • Tomasini Corporation has provided the following data from its activity-based costing accounting system:
    14·1 answer
  • Brooks Foundry in Charleston, South Carolina​, uses a predetermined manufacturing overhead rate to allocate overhead to individu
    12·1 answer
  • A net worth statement, insurance plan, and a budget are all part of a?
    9·1 answer
  • If I am starting a restaurant and taking all the risk, I am a ________.
    14·1 answer
  • The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro
    5·1 answer
  • Grace is a self-employed artist. She can make 20 pieces of pottery per week. She is considering hiring her sister Kate to work f
    10·1 answer
  • A company has a fiscal year-end of December 31: (1) on October 1, $32,000 was paid for a one-year fire insurance policy; (2) on
    10·1 answer
  • Generally, less money is spent on advertising in b2b markets than in b2c markets because?
    6·1 answer
  • Quizlet while most european countries are comparable to the united states in terms of the number of women in managerial position
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!