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Aloiza [94]
3 years ago
6

The new fund had average daily assets of $3.8 billion in the past year. The fund sold $416 million and purchased $516 million wo

rth of stock during the year. What was its turnover ratio? (round your answer to 2 decimal places.)
Business
1 answer:
makvit [3.9K]3 years ago
4 0

The excess of purchases over sales is most likely due to new inflows into the fund.

Therefore only $416 million of stock held by the fund was replaced by new holdings.

Turnover Ratio =  Total sales/ total assets = $416/$3,800 = 10.95% (Rounded to 2 decimals)

Turnover Ratio = 10.95%


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The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The
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The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

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<h3>The Profit per unit for base-case:</h3>

45 - 1 1- 24 - 3 = $7

<h3>Profit per unit for worst case:</h3>

45 - 12 - 25 - 3 = $3 per unit

<h3>Profit per unit for best case:</h3>

45 - 10 - 20 - 3 = 12$ per unit

b. The mean profit per unit is given as $7.05

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Read more on risk analysis here: brainly.com/question/6955504

5 0
2 years ago
_____ requires coordination among government departments and agencies, as well as cooperation toward common objectives across co
o-na [289]

"Unity of effort" requires coordination among government departments and agencies, as well as cooperation toward common objectives across commands.

<u>Answer:</u> Option C

<u>Explanation:</u>

At the national level the unity of effort is basically a cooperative effort involving a number of departments and agencies of the United States Government. "Unity of effort" is about teamwork and collaboration directed towards common goals although participants do not generally form part of the same command or organisation that is the result of effective unified action.

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3 0
4 years ago
With negotiated transfer pricing, what is the minimum transfer price if operating at capacity? What is the minimum transfer pric
dezoksy [38]

Answer:

Minimum transfer price when operating at capacity is the marginal cost + opportunity cost

Maximum transfer price is marginal cost only, when not operating at capacity.

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Minimum transfer price when operating at capacity is the marginal cost + opportunity cost because when operating at capacity there are 2 elements involved - the cost at which it has made the units it will be transferring to another department within the organisation, and the profit it would have made if it had sold those units to others (opportunity cost)

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3 years ago
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Answer:

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