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
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
You might be interested in
Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in
77julia77 [94]

Answer:

$1000

$1010

Explanation:

The formula for determining simple interest = principal x time x interest rate

The formula for determining compound interest = future value - amount invested

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

1000 X 0.01 X 1 = $10

Given the figures in the question, the simple interest each year would be $10 based on $1000

But the compound interest in year 2 = 1000 x (1.01)^2 = 1020.10

1020.10 - 1000 = 20.1

compound interest in year 2 = 20.1 - 10 = 10.1

or

1010 x 0.01 x 1 = 10.1

7 0
3 years ago
Continuing the analysis of Ginnie's Gym Refreshment Bar:
IrinaVladis [17]

The bundle prices for Hydration Power Drink and Satisfying Smoothie are given below.

<h3>What is Contribution Margin?</h3>

The contribution margin (CM), also known as the dollar contribution per unit, is the difference between the selling price and the variable cost per unit.

Because 100% is the best contribution margin, the closer the contribution margin is to 100%, the better. The greater the figure, the better a company's ability to meet its overhead expenditures with cash on hand.

The contribution margin =

Unit Margin (Profit) = Unit Revenue - Unit Variable Cost (Marginal Cost)

<h3>What is the bundle prices and Net Profit?</h3>

For Hydration Power Drink:

High 7 -1 = 6

Low: 6 - 1 = 5

Total = 11

For Satisfying Smoothie:

High: 10 -4 = 6

Low: 5-4 = 1

Total  = 7

High Bundle Price for both products:
6 + 6 = 12

Low Bundle price for both products:
5 + 1 = 6

From the above information, it is clear that the Bundle Price that will maximize profit is the High Bundle Price.

The product that will yield the most profit is: The Hydration Power Drink.

Learn more about bundle price:
brainly.com/question/23175408
#SPJ1

7 0
2 years ago
A local charity has been given a grant to serve free meals to the homeless in its community, but it is worried that its program
Elis [28]
Homeless: 
10 – t^2 /320 > 0
10 > t^2 /320
3200 > t^2 
t < 40√2 = 56.6 
College students: 
10 – t^2 /160 > 0
10 > t^2 /160
1600 > t^2 
t < 40
Wait time would have to be at least 40 minutes to prevent college students from waiting.
6 0
3 years ago
Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the fol
Andrei [34K]

Answer:

Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.

It has several advantages, some of them are pointed out below:

o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.

o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.

o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.

o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.

Hope this helps you. Good Luck.

3 0
3 years ago
Can someone buy me an iphone... i rlly need it (IT DOESNT MATTER WHICH KIND OF IPHONE !!!!!!!)
jok3333 [9.3K]

Answer:

I cant

Explanation:

IM A KID I WANT ONE TOOOOO!!!!

5 0
2 years ago
Read 2 more answers
Other questions:
  • Transactional relationships: Group of answer choices A.None of the above. B.are emphasized by buyers when the purchase is viewed
    13·1 answer
  • Your opportunity cost of cutting hair at your barbershop is $20 per hour. Electricity costs $6 per hour, and your weekly rent is
    15·1 answer
  • Managerial accounting reports are a.prepared periodically only b.related to the entire business entity only c.prepared according
    5·1 answer
  • A _____ is the return on an asset that results when its market price rises above the price an investor paid for it.
    8·2 answers
  • When a company acts in an ethically questionable manner, there can be a lot of consequences for both the company and its custome
    8·1 answer
  • Kelly wants to save money for an emergency fund. She decides to take advantage of the high interest rates of the holiday club he
    13·1 answer
  • Suppose Adam wants to have $750,000 in his IRA at the end of 30 years. He decides to invest in an annuity paying 6% interest, co
    8·1 answer
  • The Holt fund has $500 million in assets, 80 million in debt and 15 million shares at the start of the year. At the end of the y
    6·1 answer
  • Burke tires just paid a dividend of $2.42. analysts expect the company's dividend to grow by 30% this year, 20% next year (year
    15·1 answer
  • The activities that must be completed prior to the start of an activity in question are called the immediate ________ of the act
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!