When Bob Newsome purchased 250 shares at a price of $20 per unit, and commission was charged for $250, then the total load charged by the fund will be 5%.
<h3>What is the significance of load?</h3>
A load can be referred to or considered as a charge or fees taken by a fund house in order to pruchase shares on behalf of an individual or an organization. It is expressed in percentage.
For the condition given above, it can be ascertained that $250 commission was charged for a purchase value of $5,000 worth of shares. So, the load being charged will be 250 / 5000 x 100, or 5%.
Therefore, the significance regarding load has been aforementioned.
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Answer:
b. Cash 5,400 Debit
Common Stock 1,200 Credit
Paid-in Capital in Excess of Par 4,200 Credit
Explanation:
the cash proceeds will be for 5,400
common stock will increase for the face value:
600 shares x 2 = 1,200
the paid-in capital in excess of par value will be the difference:
5,400 - 1,200 = 4,200
Cash, which is an asset increase for mdebit side while the common stock and additional paid-in are equity accounts. They increase from the credit side.
Answer: See explanation
Explanation:
1. Yes.
A design defect is when the design for a particular product brings about risk or injury which could have been averted if the design was done in another way.
With regard to the question, there is a design defect as we're informed that the drain cover becomes loose and we're further told that Sta-Rite did not install safety features on its drain pumps.
2. No.
Based on the scenario in the question, the ethical duty wasn't met by Sta-Rite Industries. They neglected the potential injury and harm that their design would cause. This means that they didn't perform their ethical duty well.
3. Yes.
In this case, Sta-Rite has to compensate the affected person and a punitive damage should further be added to whatever compensation had been put in place. This will serve as a way of making others also learn and always do the right thing and be safety conscious.
Answer:
4.40
Explanation:
For the nature of the Yield to Call and Yield to maturity
You can eiher solve with excel, a financial calculation or with approximation method
This will be the formula for approximation method
PTM= 41.25 (1,000 x 8.25 = 82.5 annual interest divide by 2 as there are semiannual payment)
C= 1045 This is the value of the called bond
F= 1000 The face value of the bond
n= 12 (6 years 2 payment per year)
We plug this into the formula and solve
partiel result of the upper part: 45
partial result, divisor: 1022.5
quotient 4.4009780%
