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
Inessa05 [86]
3 years ago
15

A customer redeems 1,000 shares of XYZ Fund. The computed Net Asset Value per share is $14.75 and the Public Offering Price is $

16.03. The fund has a 1/4% redemption fee. The customer will receive:_____.
A. $12,905.
B. $12,915.
C. $12,925.
D. $12,935.
Business
1 answer:
Darina [25.2K]3 years ago
4 0

Answer:

$14,713

Explanation:

Calculation for what the customer will receive

First step is to know the amount of shares by multiply Shares redeems by the Net Asset Value per share

Hence,

Amount of shares=1,000 shares ×$14.75 per share

Amount of shares=$14,750 shares

Now let find the amount received using this formula

Amount to received= Amount of shares -(Amount of shares× Percentage for redemption fee)

Let plug in the formula

Amount to received=$14,750-($14,750×1/4%)

Amount to received=$14,750-$37

Amount to received=$14,713

Therefore the customer will receive the amount of $14,713

You might be interested in
What are the program run by Tribhuvan university?​
vovikov84 [41]

Answer:

TU runs various program in various faculties. You can check all the program run by TU in College Nepal website

https://www.collegesnepal.com/programs/tu/

5 0
1 year ago
Net income under absorption costing is gross profit less Select one: a. cost of goods sold. b. fixed manufacturing overhead and
lukranit [14]

Answer:

d. variable selling and administrative expenses and fixed selling and administrative expenses.

Explanation:

We know that,

The net income under absorption costing would be

= Sales - costs of goods sold - selling and administrative expenses

= Net income

The sales minus costs of goods sold equals to gross profit and  Gross profit minus selling and administrative expenses equals to net income

The costs of goods sold = Opening inventory + manufacturing cost - ending inventory

Manufacturing inventory = Direct material + direct labor + fixed manufacturing overhead + variable manufacturing overhead

5 0
3 years ago
5. The International Property Right Index scores countries based on the legal and political environment and how well property ri
nexus9112 [7]

Answer:

I used the most recent figures of the international property rights index (year 2019), and the most recent GDP per capita estimamtes by the IMF in purchasing power parity. (year 2019)

Three countries with high scores, with GDP per capita (PPP):

  1. Finland - score of 8.712 - U$ 46.430
  2. Switzerland - score of 8.571 - U$ 64.649
  3. United States - score of 8.202 - U$ 62.606

Three countries with low scores, with GDP per capita (PPP):

  1. Ukraine - score of 4.432 - U$ 9.283
  2. Pakistan - score of 3.874 - U$ 5.680
  3. Haiti - score of 2.703 - U$ 1.864

The pattern that we find is that there is a strong correlation between the International Property Right Index scores and the GDP per capita figures. This is consistent with the findings in other similar rankings such as the Global Competitiveness Report, published by the World Economic Forum, and the Economic Freedom Index, published by the Heritage Foundation.

What can be interpreted is that property rights, and the strong enforcement of those property rights promote economic development and growth. This is because the protection of private property stimulates human action. For example, the United States has a strong judiciary, and rule of law. In this country, people can invest their money in a project with the certainty that those invesments will not be expropriated by an arbitrary judiciary. This promotes development because investing leads to higher economic output.

Those same incentives do not exist in countries that do not enforce property rights, and that is one of the main reasons why they are poor.  

4 0
3 years ago
I need ideas for my new rap song
Vlada [557]
Sing about what you did to get to where you are now, it helps people understand why u starting rapping, many do it to cope with pain. But hey wish you luck!!
5 0
2 years ago
When the stock price follows a random walk the price today is said to be equal to the prior period price plus the expected retur
Bezzdna [24]

Answer:

e. None of the above.

Explanation:

When the stock price follows a random walk the price today is said to be equal to the prior period price plus the expected return for the period with any remaining difference to the actual return due <u>due to new information related to the stock​"</u>. This is because any new information on stock which is unrelated to stock prices will lead to an increase/decrease in the stock price over a period of time.

3 0
3 years ago
Other questions:
  • The simple objective of financial planning is to make the best use of your resources to achieve your financial goals.
    13·1 answer
  • Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pa
    14·1 answer
  • Which task would most likely be completed by a physician’s assistant?
    6·1 answer
  • An individual purchased a taxable corporate bond at a premium. The bond has a remaining ten year maturity period. For federal in
    15·1 answer
  • Assume the M&amp;M with corporate taxes. The corporate tax rate is 40%. Your firm is currently unlevered with 100% equity. As of
    9·1 answer
  • After the Container Store forecasts human resources demand and supply, the firm is likely to engage in a systematic procedure fo
    13·2 answers
  • A __________ represents a long-term partnership between two or more companies established to help each firm build competitive ma
    10·1 answer
  • A worker who, after unsuccessfully seeking employment for some time, becomes frustrated and stops actively seeking work is refer
    15·1 answer
  • Once a company starts growing and showing potential, entrepreneurs look for ______ financing.
    9·1 answer
  • Which of the following is an example of an e-commerce security concern?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!