Answer:
$39.40
Explanation:
According to the situation, the solution is as follows
The Net asset value of the fund is
= (Current worth of portfolio - liabilities) ÷ (outstanding shares)
= ($200 million - $3 million) ÷ (5 million shares)
= $39.40
Basically we applied the above formula in order to determine the net asset value of the fund.
Answer:
TRUE
Explanation:
Bankruptcy is a legal framework, in which borrowers who cannot pay their loans, may seek relief from all of their liabilities from individuals or other organizations. In most states, a judge's order mandates bankruptcy.
In this situation, Tim is a bankrupt person, tin wrote a negotiable note but now Tim has got relief from his liabilities, so he has not to pay against his negotiable note.
Therefore, the following situation is TRUE .
Answer:
b.$7,172.16 favorable
Explanation:
std rate $ 13.13
actual rate $ 12.20
actual hours 7,712
difference between actual and standart rate $0.93
As it is positive the variance is favorable as we spend less per hour than standard.
Now, we multiply by the actual hours to get the rate variance:
7,712 hours x $0.93 = $7,172.16
Answer: This is the type of cost known as Sunk.
- sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken.
- A sunk cost refers to money that has already been spent and which cannot be recovered. ... Sunk costs are excluded from future business decisions because the cost will remain the same regardless of the outcome of a decision.
- The sunk cost effect is manifested in a greater tendency to continue an endeavor once an investment in money, effort, or time has been made. Evidence that the psychological justification for this behavior is predicated on the desire not to appear wasteful is presented.
