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3 years ago

On what date does congress normally begin its annual meeting unless otherwise determined?

1 answer:

5 0

Congress usually begins its annual meeting on January 3 unless otherwise determined. This is as stipulated in the 20th amendment to the United States constitution, which moved the beginning and ending of terms of members of Congress from March 4 to January 3.

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Consider a mutual fund with $200 million in assets at the start of the year and 10 million shares outstanding. The fund invests

inysia [295]

Answer:

At start = $20/share

At end = $21.384

Explanation:

DATA

ASSets at the start = $200m

Outstanding shares = 10m

Dividend income at the end = $2m

Gain in price = 8%

12b-1 fees = 1%

Net assets at the start can be calculated by dividing assets at the start by outstanding shares

Net Assets value at start = Assets at start/Outstanding shares

Net Assets value at start = $200m/10m

Net Assets value at start = $20/share

Net Assets value at the end can be calculated by multiplying gain price with 12b-1 fees

Net assets value at the end = Gain Price x (1-12b-1 fees)

Net Assets value at the end = ($20x$1.08) x (1 - 0.01)

Net Assets value at the end = $21.6 x 0.99

Net Assets value at the end = $21.384

3 0

3 years ago

Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statemen

mr Goodwill [35]

Answer:

Under absorption costing ,net operating income = $63625

Explanation:

Cost per unit:

Variable cost per unit = 675 per unit (a)

Fixed cost per unit = Fixed overhead cost /uits produced = 63000/350

= 180 per unit (b)

Total cost per unit = (a)+(b)= 675+180= 855 per unit

Hayek Bikes

Income statment

( Absorption costing)

Sales (225 * 1625) = 365625

less: Cost of goods sold:

(225 * 855) = (192375)

Gross profit 173250

Less: variable selling and administraive expense 14625

Fixed selling and admintrative expense 95000

=(109625)

Net operating income 63625

5 0

3 years ago

Consumer protection laws are meant to:

irinina [24]

B , is the best answer

6 0

3 years ago

Read 2 more answers

Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while

Anna71 [15]

Answer:

Contribution per unit of Bran X = 51 cents

Contribution margin: 51 / 69 = 73.91%

Explanation:

Retail price: 1.20

retail margin of 35% --> thus the cost of good is 1.20 x ( 1 - 0.35) = 0.78

At this price the wholesalers trade to grosery store and others

wholesales margin 11.5% --> the price at which Alger sales the product to wholesalers:

0.78 x (1- 0.115) = 0.6903 producer selling price

Now from this, Horatio has the following variable cost:

variable manufacturing cost: 0.08

shipping and other cost: 0.03

sales persons 10% commision 0.06903

Total variable cost: 0.17903

Contribution per product: .6903 - 0.17903 = 0.51127 = 51 cents

8 0

3 years ago

Approximately 300 billion dollars are given to charities each year. A.No. It is about 30 billion dollars at the most. B.No. It'

alexdok [17]

The answer to the statement above would be TRUE. Yes, it is correct that approximately, 300 billion dollars are donated to charities each year, but this only covers those charities that are registered. There are about 40,000 charities in the United States alone. The answer for this is D.

3 0

3 years ago