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
nadezda [96]
3 years ago
8

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?

a. $0.08 b. $0.80 c. $8.00 d. $80.00
Mathematics
2 answers:
Ket [755]3 years ago
5 0

Answer:

Net assest value of one share is $8 .

Option (c) is correct .

Step-by-step explanation:

As given

A mutual fund has total assets of 2.4 million dollars and 300,000 shares.

As 1 million = 1000000

Total assest value = $2.4 × 1000000

Thus

Net\ asset\ value\ of\ one\ share = \frac{2.4\times 1000000}{300000}

Put all the values in the above

Net\ asset\ value\ of\ one\ share = \frac{24\times 1000000}{300000\times 10}

Net\ asset\ value\ of\ one\ share = \frac{24}{3}

Net asset value of one share = $8 .

Therefore net assest value of one share is $8 .

Option (c) is correct .

andre [41]3 years ago
3 0
I believe the answer is c. $8. 00
You might be interested in
A salesperson earns $200 a week plus a 4% commission on her sales. Which equation models the relationship between her sales in a
Oduvanchick [21]

For this case we have:

Let:

  • s: Profit from sales in a given week
  • e: Seller's weekly profit

e = 200 + c

Where "c" represents the commission.

The commission on sales can be observed with the application of a rule of three:

s ---------> 100%

c ---------> 4%

c =\frac{4(s)}{100}

c =\frac{4s}{100}

Thus, e is given by:

e = 200 +\frac{4s}{100}

Answer:

The equation that models the relationship between her sales in a given week, s, and her weekly earnings, e is:

e = 200 +\frac{4s}{100}

Option d


3 0
3 years ago
Read 2 more answers
Translate into an algebraic expression and simplify if possible.
Dennis_Churaev [7]

Answer:

2a + 10

Step-by-step explanation:

the number =  2(a + 5)

= 2a + 10

8 0
3 years ago
What ratios are equivalent to 25:15
Andrei [34K]
25:15,20:10,15:5,10:0
3 0
3 years ago
Read 2 more answers
Find the greatest common factor of numbers using prime factorization 32 and 90
Gemiola [76]

the greatest common factor of 32 and 90 is 2

8 0
3 years ago
The cube has a volume of 64 cubic inches. What is the length of a side of the cube? Explain. PLEASE HURRY! ​
Nostrana [21]

Answer:

4

Step-by-step explanation:

a^3 = 64

therefore , a = 4

5 0
3 years ago
Read 2 more answers
Other questions:
  • The diagonals of a parallelogram are congruent. Which could be the parallelogram?
    9·2 answers
  • Which is equivalent to 64 1/4
    10·1 answer
  • Solve 2x + 4y = 11 for y​
    14·1 answer
  • Simplify to find the equivalent expression help plzzz
    6·2 answers
  • The sum of a number and five is multiplied by eight. The result is equal to negative fifty-six. The value of the number is .
    5·2 answers
  • Tela bought a backpack for $34.99 and 3 notebooks for $1.89 each. What is the total price, including a 8% sales tax?
    5·2 answers
  • I NEED HELP PLZ I WILL GIVE THANKS AND BRAINLIST
    11·1 answer
  • What is the relationship between the radius and the diameter of a circle?
    12·2 answers
  • What is the value of x in the equation 3x - 4y=65,<br> when y=4?
    6·1 answer
  • A.
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!