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3 years ago

A collection of money from a group of investors used to buy different investments is a _____.

1 answer:

5 0

A collection of money from a group of investors used to buy different investments is called mutual funds.
When you join in a mutual funds, you are investing your money to a markets of investments to be able to gain money over time. You buy different investments and sell them when the price gets higher.

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Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million

frez [133]

Answer:

273.75%

Explanation:

Note: Capital Gain distribution would be $50.25, NOT $.25 (typing mistake)

This is no-load MF. But there are other two types of MF (Mutual Funds).

If FL MF (Front Load Mutual Fund), investors pay something upfront when investing.

In BL MF (Back Load Mutual Fund), investors pay when exiting the MF.

Here, this is no load, so calulations are easier.

Now,

NAV (Net Asset Value) is the total assets divided by number of shares.

NAV beginning of year and NAV end of year. Total expense ratio will be adjusted from NAV, end of year.

NAV, beginning = 200 million / 10 million shares = $20

NAV, end = 250 - (0.01*250) / 11 million shares = $22.5

Now,

Rate of Return of the Fund = (NAV,end - NAV,beginning + Income Distribution + Capital Gain Distribution - Liabilities) / NAV, beginning

We have:

Rate of Return = ($22.5 - $20 + $2 + $50.25 - $0) / $20 = 2.7375

Converting to percentage:

2.7375 * 100 = 273.75%

5 0

3 years ago

At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/underapplied overhead in

scoundrel [369]

Answer:

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000

Explanation:

Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.

As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.

Over applied overhead = Applied overhead - Actual overhead

= 42,000,000 - 40,300,00 = 1,700,000

Over applied overhead = $ 1,700,000

The adjustment required is to reduce the cost of gods sold by the amount of over-applied overhead because the cost of goods sold figure is would have over charged.

Hence, closing over overhead into Cost of Goods Sold would cause net income to increase by $ 1,700,000 because net income and cost of Goods Sold are inversely related.

4 0

3 years ago

The right_is when businesses can complete against each to sell their goods and services to buyers

enot [183]

In free enterprise when businesses can complete against each to sell their goods and services to buyers.

<h3>What is free enterprise?</h3>

Free enterprise, can be described as the free market or capitalism, which is an economic system driven by supply and demand.

In this case, it should be noted that In free enterprise when businesses can complete against each to sell their goods and services to buyers.

We can conclude that in a free Enterprise, the economy is been driven by the demand and the control of the market is with the businesses as well as the consumer and in this type of market, there is no invention of the government and they do not hold any central plan.

Learn more about free enterprise from

brainly.com/question/3369578

#SPJ1

8 0

2 years ago

Lerner Company uses the net credit sales method to estimate bad debt expense and has estimated that 4% of its credit sales will

murzikaleks [220]

Answer:

$33,000

Explanation:

Accounts receivable at December 31, 2018 (Gross):

= A/R at Jan. 1, 2018 + Credit sales - cash collection from credit sales - write off + Reinstatement - Additional cash collection

= $142,000 + $475,000 - $540,000 - $20,000 + $10,000 - $10,000

= $57,000

Allowance for doubtful accounts at December 31, 2018:

= Allowance for doubtful accounts at Jan 1, 2018 + Bad debt expense - write off + Reinstatement

= $15,000 + ($475,000 × 4%) - $20,000 + $10,000

= $15,000 + $19,000 - $20,000 + $10,000

= $24,000

Therefore,

Net realizable value of Lerner Company's accounts receivable at December 31, 2018:

= Accounts receivable at December 31, 2018 (Gross) - Allowance for doubtful accounts at December 31, 2018

= $57,000 - $24,000

= $33,000

4 0

3 years ago

Martha's current marginal utility from consuming orange juice is 75 utils per ounce and her marginal utility from consuming coff

vekshin1

Answer:

The two are not equal and not maximizing her utility.
Martha should more on orange juice and less on coffee

Explanation:

Martha's currently receiving 75 utils per ounce

orange juice costs 25 cents per ounce = $0.25 per ounce

then 75 utils per ounce/ $0.25 per ounce = $300 utils from her last dollar spending on the orange juice though only 50 utils per ounce /$0.20 per ounce = $ 250 utils per dollar from her last dollar exhausted on coffee

The two are not equal and not maximizing her utility.
Martha should more on orange juice and less on coffee.

7 0

3 years ago

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