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Inessa05 [86]
2 years ago
12

Why is it important to be fiscally responsible?

Business
1 answer:
motikmotik2 years ago
6 0
So you can have food, shelter and help your damily
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Kathleen has two investment opportunities. She can invest in The Sunglasses Company or the Umbrella Company. She estimates there
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At the beginning of this month, the balance of clayton's checking account was $337.55. so far this month, he has received a payc
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They have each been working​ full-time jobs on a design team for a​ high-tech firm. They decided to approach their manager with
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Job sharing

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The most frequent reason that some corporations send their manufacturing operations outside of the united states is to find high
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8. When Jill Thompson received a large settlement from an automobile accident,
Dennis_Churaev [7]

Answer:

The amount of fees that Jill will pay this year=$248.20

Explanation:

Expense ratio is a measure of how much fees that fund management firms charge their clients for their investments services. These fees cover administrative and operational costs. In our case, the expense ratio will be expressed as the fees that Jill will pay as a portion of the total amount she invested. The expense ratio can be expressed as shown;

ER=C/A

where;

ER=expense ratio

C=total funds cost

A=total funds assets

In our case;

ER=0.17%=0.17/100=0.0017

C=unknown to be determined

A=$146,000

replacing;

C=ER×A

C=0.0017×146,000=$248.20

The amount of fees that Jill will pay this year=$248.20

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3 years ago
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