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amid [387]
3 years ago
5

15. The Eller Mutual Fund had a Net Asset Value (NAV) per share of $17.50 on January 1, 2019. On December 31, 2019 the fund’s NA

V was $19.47. Income distributions were $0.75 per share and the fund had capital gains distributions of $1.00 per share. Ignoring taxes and transactions costs, what rate of return did an investor receive on the Eller Mutual Fund last year?
Business
1 answer:
klio [65]3 years ago
7 0

Answer:

The rate of return is 21.26%

Explanation:

Before calculating the return in percentage terms, it would be more appropriate to start with computing the return on the mutual fund in dollars ' terms.

Return in dollars terms;

Net Asset Value on 31 December 2019              $19.47

less

Net Asset Value on 1 January 2019                    ($17.50)

return  on NAV                                                      $1.97

Add:

Income distributions                                             $0.75

Capital gains distributions                                     $1.00

Total return on mutual fund                                   $3.72

Rate of return=total return mutual fund/Opening net asset value

rate of return =$3.72/$17.50

                       =21.26%

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Why is it important to distinguish between unilateral and mutual mistakes?
SVEN [57.7K]

Answer:

The correct answer is because it determines which contracts could be voidable

Explanation:

A unilateral mistake is when just one party to a contract is mistaken as to the terms contained in a contract.

Commonly, the unilateral mistake does not make a contract void; The mutual mistake makes it.

6 0
3 years ago
If producers moved the price from P3 to p1 A) producers would encounter a shortage. B) buyers would likely purchase fewer widget
andrew-mc [135]

Answer: D) buyers would scramble to get all available widgets.

Explanation:

The law of demand states that more quantity is demanded at a lower price, therefore if producers move prices from P3 to P1  there would be an increase in quantity of widgets demanded. Buyers would scramble to get all available widgets wich will create a shortage in the market

7 0
3 years ago
Read 2 more answers
Degelman Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January
zaharov [31]

Answer:

Degelman Company

Job Cost Sheets:

                                            Job 50          Job 51           Job 52

Beginning balances:

Direct materials                $23,400

Direct labor                       $24,040

Manufacturing overhead $28,720

Direct materials                    11,700         $45,630      $35,100

Direct labor                           5,850           29,250       23,400

Manufacturing overhead     7,605           38,025       30,420

Total cost of Job 50        $101,315          $74,880     $88,920

Explanation:

a) Data and Calculations:

Beginning WIP: Job 50

Direct materials                $23,400

Direct labor                       $24,040

Manufacturing overhead $28,720

Total cost of Job 50         $76,160

Finished Goods Inventory:

Completed Job No. 49 at a cost of $205,300

Raw materials $27,550

Sales of Job 49 = $142,740

Sales of Job 50 = $284,860

Manufacturing overhead:

indirect materials $19,890;

indirect labor       $23,400;

depreciation expense

on equipment     $14,040;

other manufacturing

overhead costs  $18,720

Total overheads $76,050

Applied Overhead:

              Direct Labor   Overhead Applied

Job 50       5,850                $7,605  

Job 51     29,250                38,025

Job 52    23,400                30,420

Total    $58,500               $76,050

Overhead rate = 76,050/58,500 = $1.30

5 0
3 years ago
If during the past decade the average rate of monetary growth has been 5% and the average inflation rate has been 5%, everything
skad [1K]
A is the answer


Sorry if I’m wrong
7 0
3 years ago
A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistanc
KIM [24]

Answer:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

Explanation:

Common Stock value=Shares* Par value per share

Common Stock=100*$5

Common Stock=$500.

First we will prepare journal Entry:

Account                                    Debit                                Credit

Organization Expense              $1,800

Common Stock                                                                 $500

Paid in Capital in excess                                                  $1,300

of par Common stock.

So Correct option is:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

3 0
3 years ago
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