Answer:
5.21%
Explanation:
The Stone Harbor Fund
NAV= Investment in portfolio - liabilities/ Numbers of share outstanding
(430-8)/10
=422/10
=$42.2
Discount will be : $42.2 -40 shares
=$2.2
Hence:
$2.2/$42.2
=5.21%
Therefore the premium or discount as a percent of NAV will be 5.21%
Answer and Explanation:
As per the data given in the question,
a)
1. FIFO inventory > LIFO inventory
(Because in case of LIFO recent purchases are considered in production first or sold first so the remaining inventory are old inventory which is less costlier.)
2. FIFO cost of goods sold < LIFO cost of goods sold
(Because in case of LIFO recent purchases are considered in production first which are expensive so the cost of production is greater than FIFO.)
3. FIFO net income > LIFO net income
(Because cost of production is less under FIFO and the value of closing inventory is high, therefore the net income is also high.)
4. FIFO income taxes > LIFO income taxes
(Since, income is high in FIFO, therefore the tax under FIFO will be higher.)
b)
Management would like prefer to use LIFO over FIFO in periods of rising prices because Income shown in the company's Tax return will be higher if we use FIFO rather than using LIFO.
Answer:
False
Explanation:
An increase in appraisal costs will probably lead to a decrease in internal failure costs and an increase in external failure costs is a false statement as costs associated with measuring, evaluating or auditing products or services to assure great quality is the appraisal costs.
Internal Failure Costs: Costs emanating of products or services not corresponding to demands or consumer/user requirements. You would willingly have this outside of the failure costs
External Failure Costs: Costs occurring from products or services not adhering to demands or consumer/user requirements AFTER shipment or consignment of the goods.
Hi there
shareholders' equity=
(fixed assets+current assets)-liabilities
shareholders' equity=(700+490)−460
=730...answer
(Note that the amount of retained earnings is not provided so you must use total assets minus total liabilities to derive the correct answer)
