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timofeeve [1]
3 years ago
10

Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year a

nd with $500 million in assets, 40 million in debt, and 18 million shares at the end of the year. During the year investors have received income distributions of $.50 per share and capital gain distributions of $.30 per share. If the total expense ratio is .75%, what is the rate of return on the fund

Business
1 answer:
Bess [88]3 years ago
3 0

Answer: 12.09%

Explanation: since it is a no load fund all charges are already embedded in gross returns. Therefore, gross return and net return are of the same value.

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Jimmy establishes a Roth IRA at age 47 and contributes a total of $89,600 over 18 years. The account is now worth $112,000. Assu
ValentinkaMS [17]

Answer: $112,000

Explanation:

Jimmy is able to withdraw the entire $112,000 tax-free.

This is because to be able to Withdraw tax-free, one must have deposited money in the IRA for a minimum of 5 years and the person must be at least 59.5 years of age.

Those 2 criteria are met by Jimmy who deposited for 18 years and is now aged 65.

4 0
3 years ago
Suppose Piranha.com sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10, 2018 to The Textbo
nadezda [96]

Answer:

The journal entries are as follows:

(1) (i) On October 10, 2018

Merchandise inventory A/c (3,500 × $17) Dr. $59,500

        To Accounts payable (Piranha)                             $59,500

(To record the purchase of books)

(ii) On October 13, 2018

Accounts payable A/c (100 × $17) Dr. $1,700

        To merchandise inventory                     $1,700

(To record the purchase return of book)

(2) (i) On October 10, 2018

Accounts receivable A/c Dr. $59,500

         To sales

(To record the sales of book)

Cost of goods sold A/c Dr. $35,700

            To merchandise inventory    $35,700

(To record the cost of goods sold of book)

(ii) On October 13, 2018

Sales return and allowances A/c Dr. $1,700

              To accounts receivable                  $1,700

(To record the sales return of book)

Merchandise inventory A/c Dr. $1,020

           To cost of goods sold               $1,020

(To record the cost of good return)

5 0
3 years ago
The 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand. Although the percentages usually a
myrzilka [38]

Answer: The consumer market segment that is described is the Usage-Rate Segmentation.

Explanation:

This type of consumer market segment is used to determine how much a buyer/consumer uses the product. This put the consumer into a particular category that is used by companies when deciding on their products.

The consumers/customers are put into categories such as the;

  • heavy product users
  • light product users
  • non-users
  • medium product users

Larger companies tend to market towards the heavy product users instead of the other 3 categories.

7 0
3 years ago
Gabriella and Juanita form Luster Corporation. Gabriella transfers cash of $50,000 for 50 shares of stock, while Juanita transfe
hodyreva [135]

Answer:

c. Neither Gabriella nor Juanita will recognize gain on the transfer.

Explanation:

This is because gabriella transfers cash of 50,000 and does not earn any gain on it, so no gain is recognized.

4 0
3 years ago
Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of
Alexandra [31]

Answer:

Average Collection Period = 57.03

Explanation:

given data

Accounts Receivable beginning =  $437,500

Accounts Receivable ending =   $500,000

Net credit sales = $3,000,000

to find out

average collection period

solution

we get here first average account receivable that is express as

average account receivable = \frac{437,500+500,000}{2}

average account receivable = $468750

and we consider No of Days in a year is = 365

so Average Collection Period will be

Average Collection Period = \frac{468750}{3000000} × 365

Average Collection Period = 57.03

7 0
3 years ago
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