This one would be IRS.
For example, if<span> you end up paying for personal property taxes to your local government, the IRS would allow you to claim a deduction for it on your federal tax return~</span>
The answer in this question is False. This statement is not true. The managers letter is not the one that should begin with an attention-getting sentence to invoke that Will has an interest in owning the netbook. The answer in this question is False.
Answer:
D. $ 34 comma 160
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
Given that Cost of goods sold 60% of sales and Required ending inventory $ 15 comma 000 + 20% of next month's sales , then
Cost of goods sold for January = 60% * $ 56,600
= $33,960
Required ending inventory for January = $15,000 + 20% * $61,000
= $15,000 + $12,200
= $27,200
$27,000 + budgeted purchases - $33,960 = $27,200
Budgeted purchases for January = $33,960 + $27,200 - $27,000
= $34,160
Answer:
Net Asset Value of ETF = $99.75
Explanation:
Net asset value of an ETF
- The net asset value of an ETF represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
- ETFs calculate the NAV at 4:00 p.m. Eastern Time after the markets close.
- The NAV is used to compare the performance of different funds, as well as for accounting purposes.
- The ETF also releases its current daily holdings, amount of cash, outstanding shares, and accrued dividends, if applicable.
- For investors, ETFs have the advantage of being more transparent. Mutual funds and closed-end funds do not have to disclose their daily holdings.
- In fact, mutual funds usually disclose their holdings only quarterly.
<u>Calculation</u>
Market Value per share = $100
Expense Ratio = 0.25%
Net Asset Value = Market Value per share * (1 - Expense Ratio)
Net Asset Value = $100 * (1 - 0.0025)
Net Asset Value = $100 * 0.9975
Net Asset Value = $99.75
