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
A competitive strategy to be the low-cost provider in an industry typically does not work well when:_______
sesenic [268]

Answer:

The Correct answer is A

Explanation:

Strategy of low cost is the kind of the pricing strategy, in which the business or organization, offers or provide the products or services at low price. This strategy helps in stimulating the demand as well as gain or acquire the higher market share.

So, the strategy which is competitive and also  the low cost provider in the industry work well when:

1. Newcomers in the industry uses at the introductory stage, the low prices so that could attract the buyers.

2. The competition on the price between the rivals sellers is vigorous.

3. The buyer also incur the low costs while switching the purchases from seller to another seller.

4. The product which are commodity grounded prevail as well as has minimal differentiation.

5 0
3 years ago
Read 2 more answers
Why do marketers segment their markets and what are the basic criteria for doing so successfully?
Firlakuza [10]

Answer: enables marketers to tailor marketing mixes to meet the needs of particular population segments

Explanation:

Market segmentation enables marketers to tailor marketing mixes to meet the needs of particular population segments. Segmentation helps marketers identify consumer needs and preferences, areas of declining demand, and new marketing opportunities. the marketing strategy of almost all successful organizations.

8 0
1 year ago
Stone Co. begins operations in 20X9 and reports $225,000 in income before income tax for the year. Stone's 20X9 tax depreciation
Crazy boy [7]

Answer:

The answer is: Stone can report $8,750 as deferred income tax liability

Explanation:

Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.

The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.

To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.

8 0
3 years ago
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to bui
faltersainse [42]

Answer:

Policies consistent with the goal of increasing productivity and growth in developing countries are:

1. Protecting property rights and enforcing contracts

2. Providing tax breaks and patents for firms that pursue research and development in health and sciences

Explanation:

To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts.  These are the bases for attracting more foreign direct investments.  The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property.  Without this basic ingredient, foreign direct investments will be hard to attract.

4 0
3 years ago
Marcus paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Marcus
julsineya [31]

Answer:

The question is incomplete; Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon.

Marcus' consumer surplus=  $45-$35= $10

Starling's consumer surplus= $80-60= $20

Marcus'  producer surplus = $60-35 = $25

Explanation:

5 0
3 years ago
Other questions:
  • A project produces annual net income of $18,200, $21,800, and $22,900 over its three-year life, respectively. the initial cost i
    6·1 answer
  • Which statement best summarizes the role of households in the flow of
    7·2 answers
  • If a firm invests in continuous innovation and willingly cannibalizes its existing products with more advanced products, the fir
    9·1 answer
  • A company purchased land for $90,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an ol
    10·1 answer
  • Stocks with higher than average potential to increase in value are referred to as
    13·1 answer
  • Use the information presented in Midwestern Mutual Bank's balance sheet to answer the following questions.
    13·1 answer
  • Why do managers of financial institutions care so much about the activities of the Central <br>Bank​
    8·1 answer
  • A country produces only one good. It produced​ 5,000 units of the good during Year 1 and​ 6,000 units of the good in Year 2. The
    8·1 answer
  • Waterway Company on July 15 sells merchandise on account to Carla Vista Co. for $4600, terms 3/10, n/30. On July 20 Carla Vista
    11·2 answers
  • Which figure (amount) should be larger?<br> A. Expenses<br> B. income<br> C. Extras<br> D. Needs
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!