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Rama09 [41]
3 years ago
5

A customer is dollar cost averaging by investing $400 per month into a mutual fund. Over 4 months, the customer has made purchas

es at $13 per share, $10 per share, $8 per share, and $9 per share. By using this method, the customer has an average cost per share that is how much lower than the average price per share?
Business
1 answer:
Nostrana [21]3 years ago
6 0

Answer:

$0.32 per share

Explanation:

For computing the lower price per share first we have to find out the average cost per share which is shown below:

1 $400 ÷ $13 = 30.769

2 $400 ÷ $10 = 40.000

3 $400 ÷ $8 = 50.000

4 $400 ÷ $9 = 44.444

$1,600  = 165.213 shares

Average cost per share = Total cost ÷ total number of shares  

                                       = $1,600 ÷ $165.213 shares

                                       = $9.68 per share

And, the average price per share is

= ($13 + $10 + $8 + $9) ÷ 4

= $10 per share

So, the lower value is

= $10 per share - $9.68 per share

= $0.32 per share

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Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

8 0
2 years ago
Explain corporate bond interest in terms of cost of capital versus investor yields. also, explain the municipal bond interest in
astraxan [27]

A sort of financial product sold to investors is a corporate bond, which is issued by a business. The investor receives a predetermined amount of interest payments at either a fixed or variable interest rate in exchange for providing the firm with the money it requires.

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7 0
2 years ago
Harvey's Wholesale Company sold supplies of $46,000 to Northeast Company on April 12 of the current year, with terms 1/15, n/60.
victus00 [196]

Answer:

D) Cash 45,540 Accounts receivable 45,540

Explanation:

The journal entry is shown below:

Cash A/c Dr $45,540

        To Accounts receivable A/c  $45,540

(Being cash is received in respect of goods sold)

The computation is shown below:

= Sold value of supplies - the sold value of supplies × discount percentage

= $46,000 - $46,000 × 1%

= $46,000 - $460

= $45,540

Since the net method is used so we debited the cash account and credited the account receivable account.

8 0
3 years ago
Wiley Company purchased new equipment for $60,000. Wiley paid cash for the equipment. Other costs associated with the equipment
user100 [1]

Answer:

The cost recorded for the equipment=$66,500

Explanation:

When dealing with the total cost of an equipment we take the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost

A=additional costs(transportation cost+sales tax+installation cost)

In our case;

T=unknown

P=$60,000

A=(1,000+3,000+2,500)=$6,500

replacing;

T=60,000+6,500=66,500

The total cost=$66,500

The cost recorded for the equipment=$66,500

4 0
3 years ago
A government's comprehensive annual financial report (CAFR) is divided into three main sections. The statements, schedules, tabl
Savatey [412]

Answer:

Step wise detailed solution is given in the attached diagram

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3 years ago
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