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sladkih [1.3K]
3 years ago
10

Another name for a mutual fund that doesn't charge a sales load or a contingent deferred sales fee, but does charge an ongoing h

igher 12b-1 fee is a class ____________ fund.
Business
1 answer:
Elina [12.6K]3 years ago
7 0

Answer:

Class B fund

Explanation:

Class B mutual funds do not charge a front-end sales fee, but they do impose a higher 12b-1 fee. In the short term, the purchase of Class B shares involves paying higher fees than Class A shares. However, in the long term, the investment might be lower on Class B than paying an upfront sales load for Class A.

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Monroe Corporation manufactures modern and antique clocks. Monroe's total overhead costs consist of assembly costs and inspectio
lara31 [8.8K]

Answer: $42,000

Explanation:

The total cost of Assembly is $168,000.

This is for the machine hours spent on both Antique and Modern clocks of:

= 3,600 + 1,200

= 4,800 hours

Modern clocks assembly costs would be:

= Modern clock machine hours / Total machine hours on assembly * Cost of assembly

= 1,200 / 4,800 * 168,000

= $42,000

8 0
3 years ago
Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
lyudmila [28]

Answer:

b. $22.75

Explanation:

We know that

Contribution margin per unit= Sales price per unit - variable cost per unit

Since the selling price is $35

And, the contribution margin is 35%

Therefore, the contribution margin per unit would be

= $35 × 35 per cent

= $12.25

Now add these figures in the formula above.

Hence, the value would be equal to

= $35 - $12.25

= $22.75

The inventory and labor costs are included in the variable cost

7 0
3 years ago
Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $60. The mar
m_a_m_a [10]

Answer:

= $865.79

Explanation:

<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).</em>

Value of Bond = PV of interest + PV of RV

The value of bond of Morin Company can be worked out as follows:

Step 1

PV of interest payment

PV = A ×  (1-(1+r)^(-n))/r

r- 8%, n- 10, A- interest payment = 60

PV of interest

= 60× (1- (1+0.08)^(-10)/0.08

= 402.60

Step 2

<em>PV of Redemption Value</em>

PV = RV × (1+r)^(-n)

= 1,000 × (1.08)^(-10)

= $463.193

Step 3

<em>Price of bond</em>

= $536.80 + 463.19

= $865.79

7 0
3 years ago
Which are the features of conditional formatting?
leva [86]

Answer:

Conditional formatting is a feature in many spreadsheet applications that allows you to <u>apply specific formatting to cells that meet certain criteria</u>. It is most often used as <u>color-based formatting to highlight, emphasize, or differentiate among data</u> and information stored in a spreadsheet.

7 0
3 years ago
Sam has contracted with dave to purchase dave's racing bike, with payment and delivery of the bicycle to be in 10 days. three da
GaryK [48]
He should remind Dave about the racing bike purchase contract if he really wants the bike. The action can be done if there was a binding clause in the contract which binds Sam as the only buyer. Sam has a better option which is to sell the contract to Gene with a price higher than the first price but lower than the last price in order to gain a return from the bike purchase contract.
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3 years ago
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