Mutual fund companies are what type of companies?

The Diamond Store began business on June 1. During the month of June, Diamond had cash payments of $ 10,000. At the end of Jun

tresset_1 [31]

Answer:

$28,000

Explanation:

Cash payments is a negative entry (credit) to the cash balance account, while cash receipts is a positive entry (debit), if the final cash balance is $18,000, cash receipts for the month of June are:

$R - \$10,000 = \$18,000\\R= \$28,000$

The cash receipts for the month of June were $28,000.

3 0

4 years ago

Stacey purchased 300 shares of Coulter Industries stock and held it for 4 months before reselling it.

Rainbow [258]

Answer:

The value of m is Three (3)

Explanation:

The annualized return or annual return on investment s the percentage that tells you how much an investment has increased in value on average per year over a period of time.

Annual return can be a preferable metric to use over simple return when you want to evaluate how successful an investment has been or to compare the returns of two investments you've held over different time frames on equal footing.

Now, to calculate the annual returns,

We look up the current price and purchase price.

If the stock has undergone any splits, make sure the purchase price is adjusted for splits. If it isn't, you can adjust it yourself. For example, if you held a stock for 4 years, during which time it has had a 2:1 and a 3:1 split, then you can calculate your split-adjusted purchase price by dividing your purchase price by 6 (2 x 3).

Then we calculate the simple return percentage

After which we go ahead to annualize it.

3 0

4 years ago

An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $9,000,

Hunter-Best [27]

Answer:

$2,288,448

Explanation:

In order to calculate after-tax salvage value we first compute depreciation as per MACRS 5 year class.

MACRS 5 years states that following depreciation is chargeable in corresponding years,

Year 1 = 20%

Year 2 = 32%

Year 3 = 19.2%

Year 4 = 11.52%

We now calculate total depreciation on asset over the useful life of 4 years.

DEP Y1 = 9,000,000 * 0.20 = $1,800,000

DEP Y2 = 9,000,000 * 0.32 = $2,880,000

DEP Y3 = 9,000,000 * 0.192 = $1,728,000

DEP Y4 = 9,000,000 * 0.1152 = $1,036,800

We can now calculate Net book value at the end of 4th year

NBV = 9,000,000 - 1,800,000 - 2,880,000 - 1,728,000 - 1,036,800

NBV = $1,555,200

Taxable value = Sale price - NBV

Taxable value = 2,520,000 - 1,555,200 = $964,800

Tax = $964,800 * 0.24 = $231,552

After tax salvage value = 2,520,000 - 231,552 = $2,288,448

Hope that helps.

4 0

3 years ago

An 85-year old risk averse investor is not happy about the minimal return she is earning on her current investments. She is stre

Ilia_Sergeevich [38]

Answer:

B. Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds

Explanation:

First of all, since the investor is risk averse and cannot afford to lose money on any risky investment, she should change the mix of her investment portfolio but without increasing risks. Corporate bonds that are AAA-rated carry a very low risk and pay a little higher than money market funds. So a small decrease in money market fund assets and an increase in AAA-rated bonds should yield a slightly higher return.

Investing in equities would be too risky and US Treasuries pay even less interests than money market funds.

6 0

4 years ago

Identificar y describir 3 características de los períodos contables

Butoxors [25]

Answer:

el período contable es de un año y va desde el primer día de enero al último de diciembre, aunque también puede estar comprendido entre otras fechas o ser semestral, trimestral o mensual.

3 0

3 years ago