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4 years ago

An open-end mutual fund has the following stocks:

Business

1 answer:

Romashka-Z-Leto [24]4 years ago

4 0

Answer:

Net asset value is $4,104,500 in total and $63.15 per share

Explanation:

Stock Shares Price Total value (Share x Price)

A 13,500 $83 $1,120,500

B 33,000 $16 $528,000

C 20,000 $59 $1,180,000

D 71,000 $21 $1,491,000

Total $4,319,500

Net Asset = $4,319,500 - $215,000 = $4,104,500

NAV = $4,104,500 / 65,000 = $63.15 / share

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A computer company had $3,000,000 in research and development costs. Before recording these costs, the net income of the company

JulijaS [17]

Answer:

Net income of the company accounted for $400,000

Explanation:

Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.

The net income or loss of the company accounted for is computed as:

Net Income or Loss = Net Income - Research and Development cost

where

Net Income amounts to $3,400,000

Research and Development cost amounts to $3,000,000

So, putting the values above:

Net Income or loss = $3,400,000 - $3,000,000

Net Income = $400,000

7 0

3 years ago

Money you pay up front to reduce the amount you will owe is called a

blondinia [14]

Answer:

down payment

Explanation:

A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.

5 0

3 years ago

If you have reconciled an account before, you need all of this information except _____ to reconcile a bank account.

SVEN [57.7K]

When a bank account is reconciled, then it means that the bank transactions are checked and compared to the bank statement to be sure that the inflows and outflows tallies and are accurate.

Basically, the steps to reconciling an account are as follows:

Make comparisons of the deposit in the account
If you find any discrepancy, make adjustments on the bank statement
Make an adjustment of the cash account
Make a comparison of the balance.

Please note that your question is incomplete so I gave you a general overview to help you better understand the concept.

Read more about bank statements here:

brainly.com/question/15525383

7 0

3 years ago

How are the project management processes that surround Scrum similar to and different to how the project management processes su

timurjin [86]

Answer: The answers are provided below

Explanation:

There are several similarities between the project management processes which surround scrum to the traditional project management processes which surrounds a project life cycle such as Waterfall. When one looks at each iteration as a project, one will see that Scrum planning meeting will be identical to planning meeting of the traditional project.

The daily standups in scrum will resemble the monitoring and the controlling of traditional waterfall with the exception that in scrum, its team monitors itself. A sprint would be the execution stage while the sprint review will be like project closure lessons that are learned. Sprint can be seen as small waterfall model project.

However, the main difference is in the scrum's team mindset versus the team of the traditional project management. Also, the process of work defining as being completed is different for the teams. Lastly, the method used by the scrum team in its approaches to work, team collaboration, responsibility acceptance, tasks definition and accountability are different from the traditional project management team.

A hybrid approach will be sensible in a large organization which has pockets of power. This is true for large retails that have old legacy systems in which frequent deployments aren't possible.

This is true for systems in which, testing can't be automated due to the fact that automated testing is a vital part for success for large scrum projects. In such organizations, it is sensible to use scrum for the teams which are able to move to scrum and waterfall can be used for other parts of the organization.

6 0

3 years ago

Culver Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for u

SIZIF [17.4K]

Answer:

unrealized loss (OCI) 500 debit

trading securities- wallace 5,200 debit

trading securities gordon 4.200 credit

trading securities - martin 1,600 credit

cash 66,300 debit

loss on investment 6,900 debit

trading securities - gordon 73,200 credit

--to record sale of gordon securties --

trading securities earnhart corp 53,800 debit

cash 53,800 credit

--to record purchase of earnhart--

unrelized loss(OCI) 7,100 debit

trading securities earnhart corp 3,700 credit

trading securities- wallace 3,400 credit

-- 2018 year-end adjustment--

Explanation:

gordon 77,600 - 73,200 = (4,100)

wallace 172,900 - 167,700 = 5,200

martin 63,500 - 65,100 = (1,600)

Total adjustment (500)

We will declare as other comprehensive incoem the unrealized loss of 500 dollar for the period

At sale date we compare the proceeds and the cost to check for the earning or losses:

1,500 shares x $45 each less 1,200 fees = 66,300

gordon shares book value (73,200)

loss on investment 6,900

Earnhart corp:

700 shares x $75 each plus 1,300 fees: 53,800

year-end adjusting 2018

earnhart 50,100 - 53,800 = (3,700)

wallace 61,700 - 65,100 = (3,400)

martin 167,700 - 167,700 = 0

unrealized loss (7,1 00)

3 0

4 years ago