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Illusion [34]
3 years ago
11

A mutual fund has total assets of 2.4 million dollars and 300,000 shares. What is the net asset value of one share of the fund?

Business
1 answer:
Katarina [22]3 years ago
3 0
The correct answer for this question is this one: "c. $8.00 "A mutual fund has total assets of 2.4 million dollars and 300,000 shares. The net asset value of one share of the fund is <u>$8.00</u>Hope this helps answer your question and have a nice day ahead.
There exists the same question from other source with the following choices:
a. <span>$0.08 </span>
<span>b. </span><span>$0.80 </span>
<span>c. </span><span>$8.00 </span>
<span>d. </span>$80.00
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Bellingham Inc had the following activity last year:
Pepsi [2]

Answer:

The net cash flow of the year amounts to $32,000

Explanation:

The net cash flow of the year is computed as:

Net cash flow = Net income + Depreciation

= $7,000 + $25,000

= $32,000

Where

Net Income is computed as:

Net Income = Sales - COGS (Cost of goods sold) - Depreciation expense - Selling and administrative expense - Income tax expense

= $300,000 - $170,000 - $25,000 - $95,000 - $3,000

= $7,000

8 0
3 years ago
To find the value of a property using the income approach to value, if the net operating income and the capitalization rate were
mars1129 [50]

Answer:

c. divide the net operating income by the capitalization rate.

Explanation:

Income approach assumes that the earnings would be at the capitalization rate. Now, the net operating income is a result of operations and the income would be equivalent to the capitalization rate.

Thus, the net value of the property shall be net operating income/ capitalization rate.

This will calculate the total value of operations for which the business is done.

7 0
3 years ago
(a) Argue whether or not a firm should continue production if its MR is lower than its AVC. (b) Support your argument with expla
Delvig [45]

Answer: A firm should not continue production when its MR is lower than its AVC.

Explanation:

The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.

A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.

4 0
3 years ago
Joanna, a member, is a sole proprietor that specializes in data processing system design and installation. To facilitate her wor
a_sh-v [17]

Answer: d) None of the above

Explanation:

The profit on the sale is not a referral fee as Joanna did not facilitate a transaction between her clients and the people she bought the products for.

It is not a commission either because it is not a percentage of the products price earned as an incentive or extra fee for selling the products.

Her selling these products is allowed.

The answer is therefore None of the Above.

3 0
3 years ago
During the current year, the Jules Company incurred the following product costs:Direct materials used in production $250,000Dire
ICE Princess25 [194]

Answer:

Option (D) is correct.

Explanation:

Given that,

Direct materials used in production = $250,000

Direct labor = $185,000

Manufacturing overhead = $245,500

Beginning Work in Process Inventory = $20,000

Ending Work in Process Inventory = $30,000

Cost of finished goods manufactured for the year:

= Direct materials used in production + Direct labor + Manufacturing overhead + Beginning Work in Process Inventory

= $250,000 + $185,000 + $245,500 + $20,000 - $30,000

= $670,500

5 0
3 years ago
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