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Ymorist [56]
3 years ago
9

The New Fund had average daily assets of $2.2 billion in the past year. If New Fund’s expense ratio was 1.1% and the management

fee was 0.7%. a. What were the total fees paid to the fund’s investment managers during the year?
Business
1 answer:
Marizza181 [45]3 years ago
8 0

Answer: $15,400,000

Explanation:

The fees paid to the fund's investment managers during the year would simply be the Management fee of 0.7% of the average daily assets. The expense ratio refers to other adminstrative expenses.

= 2,200,000,000 * 0.7%

= $15,400,000

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Miguel did not focus on differentiation. Differentiation in marketing refers to that thing about your company or product that makes you unique and better than everyone else. Speed2U's competitive advantage is their delivery speed. Miguel should have responded that what makes Speed2U unique is their ability to deliver in 15 minutes or less.

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Brutus co's leverage ratio is  40%

<h3>What leverage ratio?</h3>
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5 0
1 year ago
​Cartwright's, a​ home-improvement store​ chain, reported these summarized​ figures: ​(Click the icon to view the income​ statem
grandymaker [24]

Answer:

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