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Ipatiy [6.2K]
4 years ago
13

Corporate Fund started the year with a net asset value (NAV) of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-

end distributions of income and capital gains of $1.50. What was the rate of return to an investor in the fund?
Business
1 answer:
Setler79 [48]4 years ago
5 0

Answer:

The rate of return to an investor in the fund=0.088*100=8.80%

Explanation:

Given Data:

NVA at the start of the year=(NAV)_o=$12.50

NVA at the end of the year=(NAV)_f$12.10

Distributions of income and capital gains =$1.50

Required:

The rate of return to an investor in the fund=?

Solution:

Rate of return=\frac{(NAV)_f+\ Distributions}{(NAV)_o}-1

Rate\ of\ return=\frac{12.10+1.50}{12.50}-1 \\Rate\ of\ return=0.088

The rate of return to an investor in the fund=0.088*100=8.80%

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Answer:

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Categories of adjusting entries :

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Prepaid expenses are payments made for services yet to be delivered.

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Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral

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3 years ago
For what eccentricity is the secondary focus (which is usually empty) located at the sun? What is the shape of this orbit?
saul85 [17]

Answer:

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Explanation:

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3 years ago
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miskamm [114]

Answer:

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Olin [163]

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