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daser333 [38]
3 years ago
7

You buy 100 shares in a no-load mutual fund at its net asset value of $10. during the year, the mutual fund distributes $0.75 in

dividends. you redeem the shares for their net asset value of $12.03, but the fund charges a 5.5 percent exit fee. what percentage return do you earn on the investment?
Business
1 answer:
Wittaler [7]3 years ago
5 0
<span>Sale Proceeds of Mutual Funds = 100 Shares * $12.03 = $1203 Add: Dividend Earned on shares = 100 Shares * $0.75= $75 Less: Purchase cost of shares = 100 Shares * $10 = $1000 Less: Exit fees = $1203*5.5% = $66.17 Net Income from Investment = $211.83 Earning in %= $211.83 / $1000 = 21.18%</span>
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Aliun [14]

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B) government spending and taxes that automatically increase or decrease along with the business cycle.

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3 years ago
Which of the following characteristics apply to taxable fringe benefits? (Check all that apply.)
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Employers treat the taxable fringe benefits the same as cash compensation.

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FALSE,  the taxable fringe benefit is not deductible from the employer.

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7 0
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8 0
3 years ago
Read 2 more answers
Smarton Company is in the process of preparing its budgeted income statement. It has determined its estimated gross margin to be
Oksanka [162]

Answer:

A) $48,000

Explanation:

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48,000 would be the net income

3 0
3 years ago
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