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
mote1985 [20]
3 years ago
12

You purchased 2,200 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end load o

f 3%. The securities in which the fund invests increase in value by 15% during the year. The fund's expense ratio is 2.4%. What is your rate of return on the fund if you sell your shares at the end of the year
Business
1 answer:
Sati [7]3 years ago
7 0

Answer:

rate of return 9.22%

Explanation:

15% return on fund value - 2.4% fund expenses = 12.6% net fund gain

then, the shares were purchased with a loan which required to paiy 3% of interest up-front

therefore, we didn't invest 100% of the loan but 97%

0.97 x .126 =  0,12222

now, we subtract the 3% paid of interest:

.1222-0.03 = .0922 = 9.22%

You might be interested in
Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the
dimaraw [331]

Answer:

D : All options are correct

Explanation:

- The marginal buyer is the essence of demand curve while marginal seller is essence of supply curve.

- @ Q = 500 units,    Selling Price is set at SP = $35

- @ Q = 500 units,    Buying Price is set at BP = $40

- Since, SP ≠ BP our equilibrium price would be $ 37.5 assuming the price elasticity of demand and supply are equal. In any case the equilibrium price would lie in between [ 35 , 40 ] such that to prevent a shortage of units in near future.

- Moreover, if the seller decides to sell at price $35 then he must sell goods greater than 500 units to reach the equilibrium profits. However, it could also lead to excess of units or surplus.

- We see that from selling the goods at SP = $35 while the buyer is willing to pay BP = $40 for 500 goods, the seller would be under-profiting and would be earning $5*500 = $2,500 less than he would at equilibrium price of $40 and selling units greater than 500. Hence, 500 goods is not an efficient quantity of goods.

6 0
3 years ago
AC Corporation has beginning inventory of $9,049, accounts payable of $7,212, and accounts receivable of $6,333. The end of year
labwork [276]

Answer:

The AC Corporation takes 46 Days average to pay back its accounts payable.

Explanation:

Average Accounts Payable = $7863.5

Cost of Goods Sold = $63,008

Number of Days in Accounting Period = 365

Days Payable Outstanding = (Average Accounts Payable / Cost of Goods Sold) x Number of Days in Accounting Period

Days Payable Outstanding = ($7,863.5 / $63,008) x 365

Days Payable Outstanding = 45.55

Therefor, the company takes an average of 46 days to pay back its accounts payable.

3 0
3 years ago
Bonnie has decided to begin a retirement savings program where she will contribute to an account that will accumulate tax free t
ahrayia [7]

Answer:

This question is incomplete since the interest rate is not included and so is the requirement.  However, if it asking for the annual contributions Bonnie can make, you can calculate it as shown below and assuming a discount rate of 10%;

Explanation:

Since Bonnie's goal is $300,000, this will be the future value and you can use a financial calculator to solve for recurring deposits (PMT);

Time to retirement; N = 12

Interest rate; I/Y = 10%

Future value; FV = 300,000

One time present cashflow; PV = 0

then compute the recurring deposits; CPT PMT = 14,028.995

Therefore, she will need to contribute $14,029 every year to meet her goal.

8 0
3 years ago
The nielsen company gathers data on what products people use as well as how they feel about them. this company uses sociological
Andrei [34K]

The nielsen company gathers data on what products people use as well as how they feel about them. this company uses a hypothesis sociological research methods as one of the leaders in what field.

Research is “creative and systematic work to increase the body of knowledge”. Information must be collected, organized, and analyzed to develop a better understanding of a topic or issue. A research project can be an extension of previous work in the field.

Research studies are conducted to discover new information or answer questions about how we learn, behave and function, with the ultimate goal of benefiting society. increase. Some surveys may involve simple tasks such as filling out questionnaires, observing in groups, and participating in group discussions.

Learn more about research here:brainly.com/question/968894
#SPJ4

6 0
1 year ago
the regulatory cycle provides an opportunity for self-regulation during the latency stage. group of answer choices true false
Semmy [17]

The regulatory cycle provides an opportunity for self-regulation during the latency stage. The statement is False.

<h3>What is the latency stage?</h3>

The latency stage will last for six years until puberty. This is referred to as the fourth stage of psychosexual development. No additional psychosexual growth happens at this stage since the desire is inactive.

A phase of discovery during which the reproductive energy is restricted or inactive is known as the latent period. This power is still there, but it has been transferred to other activities like learning and networking and plays a crucial role.

Therefore, the statement is False.

Learn more about the latency stage, here:

brainly.com/question/4123860

#SPJ4

5 0
1 year ago
Other questions:
  • List and briefly describe the 6 major processes involved in risk management.
    15·1 answer
  • When you encounter an organization where employees are quite intense, focused, and determined to win, you have encountered an or
    12·1 answer
  • Suppose the federal government had budget deficits of $40 billion in year 1 and $50 billion in year 2 but had budget surpluses o
    10·1 answer
  • Blythe Corp. is a defendant in a lawsuit. Blythe's attorneys believe it is reasonably possible that the suit will require Blythe
    15·2 answers
  • Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
    14·1 answer
  • Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. W
    13·1 answer
  • Leaders who ensure their employees take part in decision making have a(n) ___________ leadership style.
    6·1 answer
  • All of the following will cause a decline in a company’s gross profit EXCEPT A : clearance of discontinued inventory. B : sellin
    11·1 answer
  • A direct mailer falls under the category of sales, not marketing.<br><br> True<br> False
    11·1 answer
  • When we often interupt a person who is speaking to us, we'er likely to give the impression that we?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!