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atroni [7]
3 years ago
11

The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 35 B 300,000 40 C 400,000 20 D 600,

000 25 If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate?
Business
1 answer:
Flura [38]3 years ago
3 0

Answer: 35.71%  

Explanation:

Value of assets sold and replaced(D) = Stock × Share price

= 600,000 × $25

= $15,000,000.

Value of all assets = (Stock × Share price) of A + (Stock × Share price) of B + (Stock × Share price) of C + (Stock × Share price) of D

= (200,000 × $35) + (300,000 × $40) + (400,000 × $20) + (600,000 × $25)

= $42,000,000

Turnover\ rate = \frac{Value\ of\ the\ assets\ sold\ and\ replaced}{value\ of\ all\ the\ assets}

Turnover\ rate = \frac{15,000,000}{42,000,000}

                               = 0.3571

                                = 35.71%  

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babunello [35]

Answer: company’s direct labor budget = $320000

Explanation:

Given that,

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Cutting Department =  production budget × direct labor time × Standard hourly labor rate

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5 0
2 years ago
The following information is available for the current year ending December 31:
Oduvanchick [21]

Answer:

Over/under allocation= $30,000 overapplied

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7 0
2 years ago
3 Points
Maslowich

Answer:

C. An auction market

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Answer:

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