Answer:
b. $6,600,000
Explanation:
The computation of the fee is shown below:
= Annual management fee + performance management fee
where,
Annual management fee = $400 million × 0.01 = $4 million
And, the performance management fee
= Incentive percentage × hedge fund × excess return
= 20% × $400 million × 3.25%
= $2.6 million
The excess return is
= {($445 million - $400 million) × $400 million - 8%}
= 11.25% - 8%
= 3.25%
So, the fee is
= $4 million + $2.6 million
= $6.6 million or $6,600,000
Factors of production are common to all productive activities, regardless of the economic system. Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. So it is True
Answer:
a. $1,916.00
b. $30,656
c. $7,617
Explanation:
a. As they are depositing a set amount every 6 months, this is an annuity. The $36,273 is the future value of the annuity in 8 years.
n = 8 years * 6 = 16 semi annual periods
rate = 4.4/ 2 = 2.2% every 6 months
Future value = Amount * (([1 + i]^n) - 1 )/i
36,273 = Amount * (([1 + 2.2%]^16) - 1 )/2.2%
36,273 = Amount * 18.931485
Amount = 36,273/18.931485
= $1,916.00
b. Total amount deposited
= 16 * 1,916
= $30,656
c. Total amount of interest earned;
= Amount in fund - Total deposited
= 38,273 - 30,656
= $7,617
Answer:
C. $56,700
Explanation:
From the accounting equation which shows the relationship between the elements of a balance sheet namely;asset, liabilities and equity.
Asset = liabilities + equity
Total assets = $15,000 + $12,300 + $3,100 + $35,000 = $65,400
Total liabilities = $8,700
Stockholders’ equity = $65,400 - $8,700
= $56,700
The stake of the owners of the company is $56,700
<span>material wealth. Money is very important to Western cultures. Having a big home, fancy car, designer clothes, and private schools are all status quo symbols in Western culture. There is a pervasive need to impress neighbors and family members with material items. Asian cultures don't share in this need for things. They emphasize family. Family is very important to Asian cultures. They are not corrupted by materialism like Western cultures are.</span>
