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andrew-mc [135]
4 years ago
5

A client recently purchased a sizeable number of mutual fund shares and knows that the Net Asset Value will change daily. The cu

stomer asks the RR how the NAV number is computed. Which of the following best describes the computation to arrive at NAV per share?
(A) NAV per share is calculated by finding the average value on a per share basis over the previous quarter.
(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.
(C) NAV per share is calculated by taking the total value of the portfolio of the fund, adding sales charges received, and then dividing this figure by the total number of shares currently outstanding.
(D) NAV per share is calculated by finding the total appreciation of the portfolio and dividing this figure by the total number of shares outstanding.
Business
1 answer:
julsineya [31]4 years ago
7 0

Answer:

(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.

Explanation:

The Net asset value(NAV) of any mutual fund corporation can be determined using below mentioned formula:

Net asset value(NAV) per share=(Current market value of all assets - liabilities) /Total number of shares outstanding.

Based on the above formula, the statement which best describe the computation  to arrive at NAV per share is

(B) NAV per share is calculated by subtracting the liabilities of the fund from the total assets of the fund, then dividing this number by the total number of shares currently outstanding.

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Complete Question:

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C. advertising

D. public relations.

Answer:

C. Advertising.

Explanation:

In this scenario, Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country music video. This type of paid, non-personal communication is known as advertising.

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3 years ago
The ________ measures the return on owners' (both preferred and common stockholders) investment in the firm.
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Answer:

C) return on equity

Explanation:

The return on equity determines the financial performance of the company. It could be calculated by dividing the net income from the owners equity as according to the accounting equation, the owners equity could be find out by deducting the liabilities from the assets

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3 years ago
In the PMBOK, the logical groupings of the five project management processes to achieve specific project objectives are called t
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In the PMBOK, the logical groupings of the five project management processes to achieve specific project objectives are called the:  project management process groups.

<h3>What are the Project Management Process Groups?</h3>

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The initiating stage is the stage where the basics of the project are thought out. The planning stage entails structuring the project.

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3 years ago
Nittany Company borrowed $60,000 from Lion Corporation on September 1, 2018 signing a 9-month payable with an interest rate of 3
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Answer:

the interest expense that should be recorded in the income statement is $600

Explanation:

The computation of the interest expense is shown below:

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3 0
3 years ago
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