Answer: $26; $28.057
Explanation:
Total value = $260 million in assets
Shares outstanding = 10 million
Dividends = $2.5 million
Fund value at the start of the year = 
= 
= $26
Fund value at the end of the year:
Dividend per share = 
=
= $0.25
Price gain at 9% with deduction of 1% of 12b-1
Fund value at the end of the year = $26 × 1.09 × (1 - 0.01)
= $28.057
Answer:
c. lump-sum amount
Explanation:
Lump-sum amount -
It refers to the one complete amount of money , is referred to as lump - sum amount .
A lump -sum investment ,. refers to the amount of money invested at one time .
Similarly ,
The returns can be lump - sum , where the person receives the complete amount at one go after maturation , is referred to as lump - sum amount .
Hence , from the given scenario of the question ,
The correct option is c. lump - sum amount .
Answer:
Total cost= $15,100
Explanation:
Giving the following information:
The job cost record for Job A61 on March 1 showed a balance of $5,200.
Job A61:
March:
Direct materials= $2,300.
Direct Labor= $4,000.
Manufacturing overhead is allocated based on direct labor cost. The rate is 90% of direct labor cost.
MOH= 4000*0.9= $3,600
Total cost= 5,200 + 2,300 + 4,000 + 3,600= $15,100