Answer:
12.09%.
Explanation:
Calculation to determine the rate of return on the fund
First step is to calculate the beginning year NAV
Beginning year NAV = ($400 million assets - 50 million debt) / 15 million shares
Beginning year NAV = 23.33
Second step is to calculate the ending year NAV
Ending year NAV = ($500 million assets - (500*0.75% expense) - 40 million debt] / 18 million shares
Ending year NAV =[456.25/18 million shares]
Ending year NAV =25.35
Now let calculate the return using this formula
Return = (Ending NAV -beginning NAV + Capital gain + income) / Beginning NAV)
Let plug in the formula
Return = (25.35-23.33+0.30+0.50)/23.33
Return = 12.09%
Therefore the rate of return on the fund is 12.09%
Answer:
A. Debit Unearned rent revenue for $1,200 and Credit Rent revenue for $1,200
Explanation:
The Journal entry is shown below:-
1. Cash Dr, $7,200
To unearned rent revenue $7,200
(Being six month advance rent is recorded)
2. Unearned rent revenue Dr, $1,200
($7,200 ÷ 6 months) × 1 month
To Rent revenue $1,200
(Being rent earned is recorded)
Answer:
c.
Explanation:
Based on the information provided within the question it can be said that this can be analyzed by anthropologists as a form of negative reciprocity. This term refers to when an action has a negative effect on someone else and that person then undertakes another action which has the same effect on another person, and so on. As is being described in this scenario as each person takes an action in order to get the best deal they possibly can, but at the same time undercutting those around.
Answer:
The rate at which to discount the payments to find sum borrowed is 12.68%
Explanation:
The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:
Effective annual rate = (1 + Quoted interest rate/m)^m - 1
quoted interest rate is 8.40
m is the number of months in a year when compounding is done which is 12
effective annual rate=(1+8.40%/12)^12-1
effective annual rate=(1+0.01)^12-1
effective annual rate=(1.01)^12-1
effective annual rate=1.12682503
-1
effective annual rate=0.12682503=12.68%
