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ira [324]
2 years ago
9

Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day’s net asset value (NAV), and or

ders placed after 4:01 p.m. are priced at the next day’s NAV. What is this practice known as_______________.
Business
1 answer:
AnnZ [28]2 years ago
8 0

Answer: Forward pricing

Explanation:

Forward pricing is a policy in the mutual funds industry where by companies that are investing are mandated to buy or sell orders based on the end net asset value for the day. It is a policy developed by SEC (Securities and Exchange Commission) supported by Rule 22(C) (1) also known as Forward pricing rule. This rule helps to lessen the severity of dilution on shareholders and also help mutual funds operations to run efficiently

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an error

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3 years ago
Based on the case and previous calculations, please answer the following short answer questions. Note: Your instructor will need
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Question Completion:

see Exhibit 4 attached.

Answer:

1. The largest and smallest divisions by net sales in 2017:

Largest divisions:

Fabric & Home care with 32%

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Smallest divisions:

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2. The one most important division in terms of the proportionate net earnings for the company is:

Fabric & Home Care

Explanation:

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Download docx
4 0
2 years ago
Crane Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2014. The subsidiary ledger contains
kondor19780726 [428]

Answer:

$4,375

Explanation:

Given that,

Crane Company balance = $9,250

Balance of Hale company = $3,000

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January 1 balance in the Valdez Company subsidiary account:

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= $9,250 + $3,000 + $1,875

= $4,375

5 0
2 years ago
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