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
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%

You might be interested in
Storyboards are not detailed enough to show human-computer Interface features.
Firdavs [7]

Answer:

False

Explanation:

5 0
3 years ago
If a bank invested $75 million in a two-year asset paying 12 percent interest per year and simultaneously issued a $75 million o
hammer [34]

Answer:

The net interest income in two years would $1,500,000  and $375,000

Explanation:

In order to calculate the net interest income in two years, we have to calcuate the following:

First we have to Calculate the interest income:

Year 1 = $ 75,000,000*12% = 9,000,000

Year 2 = $75,000,000*12% = 9,000,000

Also, we have to Calculate the interest expense

Year 1 = ·$75,000,000 * 10% = $7,500,000

Year 2 = $75,000,000 * (10%+1.5%) = $8,625,000

Finally we can calculate the Net Interest Income which is = Interest income - Interest expense

Hence interest income of Year 1 = $9,000,000 - $7,500,000 = $1,500,000

           interest income of Year 2 = $9,000,000 - $8,625,000 = $375,000

6 0
3 years ago
Commission merchants are __________ who receive goods, primarily agricultural products, on consignment.
valina [46]

Answer:

Dealers

Explanation:

4 0
3 years ago
By law, the financial records of publicly held companies are required to be:________.
antiseptic1488 [7]

Answer:

D) Audited by a certified professional accounting firm.

Explanation:

The Securities and Exchange Commission (SEC) requires that publicly traded corporations file audited quarterly financial reports and annual audited financial reports. The Sarbanes-Oxley Act (2002) is the law that established the current external auditing rules imposed by the SEC. It also established legal responsibilities for CEOs and CFOs regarding the financial statements. If they fail to meet them or provide false information, they may face criminal charges and end in jail.

4 0
3 years ago
The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $17,20
Inessa [10]

Answer and Explanation:

The preparation of the cost of goods sold is presented below:

Cost of goods sold statement

Opening inventory  $17,200

Add:

Purchase    $149,000

Freight in  -$4,350

Less:

Purchase Return  -$2,000

Less:

Closing inventory  -$23,000

Cost of goods sold $136,850

6 0
2 years ago
Other questions:
  • During the recession witnessed in early 2001, many firms laid off their employees and downsized. the reason for this decrease in
    8·1 answer
  • A postsecondary school that does not have a set of admission requirements such as a minimum GPA or test scores is called
    11·1 answer
  • In general, what are the benefits of the Internet to (i) the business person, (ii) an organization, (iii) a nation and (iv) a gl
    11·1 answer
  • Larry’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $32,000 per year forever.
    11·1 answer
  • Checking account A charges a monthly service fee of $20 and a wire transfer
    15·1 answer
  • Kent Fuller is in the 34 percent tax bracket. A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent v
    6·1 answer
  • An urban economist wishes to estimate the mean amount of time people spend travelling to work. He obtains a random sample of 60
    10·1 answer
  • What is transparency
    11·1 answer
  • Tickets for a concert cost $35 for balcony seats and $75 for floor seats. Tickets at the same venue for a theatrical production
    6·2 answers
  • in the search for​ profits, u.s. corporations have been forced to look beyond our​ country's borders. all of the following contr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!