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Aleonysh [2.5K]
3 years ago
11

The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli

on and 5 million shares outstanding. a. What is the NAV of the fund?
Business
1 answer:
iragen [17]3 years ago
8 0

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

The Net asset value of the fund is

= (Current worth of portfolio - liabilities) ÷ (outstanding shares)

= ($200 million - $3 million) ÷ (5 million shares)

= $39.40

Basically we applied the above formula in order to determine the net asset value of the fund.

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An analysis procedure that uses percentages to compare each of the parts of an individual statemtns to a key dollar amount from
nydimaria [60]

Answer:

C) Vertical analysis.

Explanation:

Under the vertical analysis of financial statement, there is no a comparison with any past year performance as that is done in horizontal analysis.

Basically the first item that is sales revenue is marked as an 100% item, in this analysis, and all other cost items are shown as a percentage of this sales total value.

Everything shows the relation of sales value and that particular item. This helps in assessing which part of cost consumes the maximum revenue.

8 0
3 years ago
The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is call
lara [203]

Answer:

Net Asset value (NAV)

Explanation:

Net Asset value (NAV) represent per share market value of the fund.It is calculated using the below formula

Net Asset value of fund=Value of mutual fund's portfolio-Mutual fund liabilities/Number of share outstanding.

Mutual fund portfolio normally includes all the cash and securities of a fund.

NAV is normally computed at the end of the end of each trading day based on the closing market prices of the fund portfolio.

6 0
3 years ago
A number of the functional areas of Roseburg's governmental activities, including General Government, Support Services, and Admi
yawa3891 [41]

Answer:

D. in a column separate from the direct expenses.

Explanation:

  • Governments that have chosen to allocate indirect costs should report in a separate column for direct expenditure compared with other governments that do not allocate them.
  • Therefore, direct and indirect costs should not be compounded for reporting purposes. Special and exceptional expenses are reported separately at the bottom of the statement of operations.
  • Transfers between government funds are appropriate or performance transactions, not expenditure allocations, between government activities and government business activities.
6 0
3 years ago
An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components
Jlenok [28]

Answer:

GDP Price Deflator

Explanation:

GDP price deflator is a measure of the general changes in the price level of all the finished goods and services in a country in a period.  While GDP is a measure of the total output in an economy, the GDP price deflator shows the extent to which prices changed in a period. In proving the effects of price changes, the GDP deflator identifies a base year then compares the current prices to base year prices.

The GDP price deflator allows economists to compare the GDP   of different periods while considering the inflation between those periods. It does this by comparing the nominal GDP with the real GDP.

3 0
4 years ago
You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of th
Vesna [10]

The question is incomplete:

You are the new manager in an Indian office. You ask one of your supervisors to move a desk and place it in another corner of the office. The next day you notice it has not yet been done. Why?

-The supervisor was offended you asked him/her and refused to do anything about it

-The supervisor could not find a labourer to move it and would not do so him/herself

-Because things get done slowly in India

Answer:

-The supervisor could not find a labourer to move it and would not do so him/herself

Explanation:

India is a society with a high power distance. This means that there is hierarchy, inequality and employees expect directions. Also, decisions tend to be centralized and people in high positions expect privileges and a certain status. Because of that, in this situation the reason for not moving the desk from the options given is that the supervisor could not find a labourer to move it and would not do so him/herself as he/she considers that it is not part of the job as he/she has a higher position that doesn't involve to do that.

The other options are not right as the supervisor would not be offended a this is a culture in which people expect to receive orders and it is not related to things getting done slowly there.

4 0
3 years ago
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