The truth about open-end mutual funds is that they <span>are bought or sold at their net asset value.
</span><span>Open-end mutual fund is a type of fund which shares are bought and sold on demand at their net asset value, or NAV, which is based on the value of the fund's underlying securities and is generally calculated at the close of every trading day.</span>
Answer:
![\left[\begin{array}{cccccc}&Cost&Assembly&Setting Up&Other&Total\\wages&349,000&226,850&69,800&52,350&349,000\\Depreciation&290,000&101,500&58,000&130,500&290,000&Utilities&199,000&29,850&149,250&19,900&199,000&Total&838,000&358,200&277,050&202,750&838,000&\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%26Cost%26Assembly%26Setting%20Up%26Other%26Total%5C%5Cwages%26349%2C000%26226%2C850%2669%2C800%2652%2C350%26349%2C000%5C%5CDepreciation%26290%2C000%26101%2C500%2658%2C000%26130%2C500%26290%2C000%26Utilities%26199%2C000%2629%2C850%26149%2C250%2619%2C900%26199%2C000%26Total%26838%2C000%26358%2C200%26277%2C050%26202%2C750%26838%2C000%26%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We mulitply each line by the stated percent of each activity
<u>for example</u>
Setting Up % x Utilities= Utilities cost assigned to setting up
199,000x 75% = 149,250
Assembly % Depreciation= Depreciation cost assigned to assembly
35% x 290,000 = 101,500
This process must be done to assign each portion of cost.
Answer:
The current market price is $ 883.08
Explanation:
The current market price can be ascertained using the pv excel function as follows:
=-pv(rate,nper,pmt,fv)
rate is the semiannual yield to maturity which is 5%/2
nper is the number of semiannual coupons in the bond i.e 10*2=20
pmt is the semiannual coupon=3.5%*1/2*$1000=$17.5
fv is the face value of the bond
=-pv(5%/2,20,17.5,1000)=$ 883.08
Answer:
The US is the largest economy in the world, but it only represents about 1/4 of the total. That means that the opportunities of earning higher profits and effectively using all their resources increases dramatically when you serve the whole world. E.g. Apple is the mot valuable firm in the world and about 60}% of its revenue comes from foreign markets. Something similar applies to most large corporations, that would be much smaller and less profitable is they only served the US market.
Answer:
They provide more detail and utility than a basic expense record. ...
They're the foundation of a reliable purchasing process. ...
They improve organisation for multiple projects and processes. ...
They provide clear and highly detailed levels of communication to all parties.
Explanation: