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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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Describe about comparative cost and absolute advantages of international trade​
zzz [600]

Answer:

Here's what I know.

Explanation:

Comparative cost talks about the difference or similarities in cost between two or more prices of good or services.

The advantages of international trade are...

1. It creates harmony between countries.

2. It encourages countries to manufacture their own products.

3. It is a source or income/revenue to the producing countries.

4. It is a good employment opportunity.

5. It improves a country's standard of living.

Hope these help... ♥

4 0
3 years ago
The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, whereas t
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Answer:

True

Explanation:

Balance sheet is the financial report of an organization that includes investments, liabilities, assets wealth, overall debt, etc. during a given time.

The income statement is one of the company's financial statements that indicates the company's profits and expenditures for a specific period of time. This shows how the profits are converted into net revenue or net income.

8 0
3 years ago
Monica spent a lot of time preparing for her interview, but the hiring manager is not asking any of the questions she practiced.
Vinil7 [7]
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7 0
2 years ago
You are preparing for a 3-month global assignment in Turkey working on an international quality improvement team for your compan
Sergeu [11.5K]

Answer:

The correct answer is letter "C": Geopolitical views of your own (native) country.

Explanation:

According to the excerpt, the purpose of the assignment is improving the quality of a product being manufactured. In that case, it is imperative to first identify what is the geographical and political current situation of the country we are from since this will allow identifying opportunities that can be complemented Turkey's geopolitical opportunities that must be pointed out by their representatives.

8 0
3 years ago
1. Select the correct statement regarding relevant costs and revenues.
Gala2k [10]

Complete Question:

1. Select the correct statement regarding relevant costs and revenues.

A. Sunk costs are not relevant for decision-making purposes.

B. Relevant costs are frequently called unavoidable costs.

C. Direct labor is an example of a unit-level cost.

D. Only variable costs are relevant for decision making.

Answer:

1. A

2. D

3. B

Explanation:

1. The correct statement regarding relevant costs and revenues is that sunk costs are not relevant for decision-making purposes. Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

2. Expected future revenues that differ among the alternatives under consideration are often referred to as differential revenues. It is the difference in revenues among two (2) alternatives, which would influence decision making.

3. The benefits sacrificed when one alternative is chosen over another are referred to as opportunity costs. It is also referred to as alternative forgone.

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8 0
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