1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In 2019, Carlos filed his 2018 state income tax return and paid taxes of $800. Also in 2019, Carlos's employer withheld state in
irga5000 [103]

Answer:

He can deduct on his 2019 federal income tax return for state income tax $1,550

Explanation:

According to the given data, we can conclude that Carlos cannot deduct the addition of $600 of state income until next year.

Therefore, in order to calculate how much state income tax can Carlos deduct on his 2019 federal income tax return for state income tax we would need to make the following calculation

income tax to deduct on 2019 federal income tax return= Taxes paid+ withheld state income tax from salary

income tax to deduct on 2019 federal income tax return= $800 + $750 income tax to deduct on 2019 federal income tax return=$1,550.

6 0
3 years ago
Can you double your money in retirement funds?
Alenkinab [10]

Answer:

no

Explanation:

my grandma retired so I know a little about retirement

8 0
3 years ago
The ___________ is the primary agency responsible for drawing up the budget.
aleksley [76]

<span>The government is the primary agency responsible for drawing up the budget.

</span>Government<span> is the means by which state policy is enforced, as well as the mechanism for determining the policy of the state. Forms of </span>government<span>, or forms of state governance, refers to the set of political systems and institutions that make up the organization of a specific </span>government<span>.</span>

7 0
3 years ago
Asher buys a linen suit from Miriam and gives it to his father, Moises. Moises takes the suit to Vanessa, who runs a local dry c
andrezito [222]
This doesn’t even make any sense
7 0
3 years ago
In the Frankfurt market, Aldi stock closed at €5 per share. On the same day, the euro U.S. dollar spot exchange rate was €.625/$
Ipatiy [6.2K]

Answer:

$15.625

Explanation:

The computation of the no-arbitrage U.S. price of one ADR is shown below:

= Euro U.S. dollar spot exchange rate × closing price per share × number of shares

= €.625 × €5 per share × 5 shares

= $15.625

Simply we multiply the  Euro U.S. dollar spot exchange rate with the  closing price per share and the number of shares so that the correct price of one ADR  can be come

6 0
3 years ago
Other questions:
  • 50 POINTS!!!
    15·2 answers
  • Jake Lamps manufactures lamps, lights, shades, and bulbs. Its lighting lasts long and saves power, and it is superior in quality
    8·1 answer
  • The large amount of advertising by firms such as Procter &amp; Gamble and Colgate-Palmolive promotes which of the following barr
    7·1 answer
  • All quality social media creation for a business has some cost attached to it, therefore business managers have many factors the
    5·1 answer
  • What are the requirements for being a dental assistant?
    8·1 answer
  • If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options
    11·2 answers
  • The difference between a​ firm's operating income and income before taxes is​ _____. The difference between a​ firm's ​before-ta
    12·2 answers
  • In the workplace leaders at every level in every department are important if the company is going to suceed. True or False
    13·1 answer
  • A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The develo
    10·1 answer
  • Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122. 86 64. 77
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!