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sergey [27]
3 years ago
10

You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 5.75

%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's 12b-1 fee was 1.25%, your return if you sold the fund at the end of the year would be ____.
Business
1 answer:
valkas [14]3 years ago
6 0

Answer:

3.44%

Explanation:

The computation of the return if sold the fund at the year end is shown below:

= {[Price × (1 - Front End Load) × ((1 + fund increase percentage) -expense ratio)] - price} ÷ price

={[$20 per share × (1 - 5.75%) × ((1 + 11%) - 1.25%)] - 20} ÷ 20

= 3.44%

We simply applied the above formula so that the correct return could come

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ivanzaharov [21]

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3 years ago
Davis Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The follo
evablogger [386]

Answer:

$1,800

Explanation:

Calculation to determine the variable overhead efficiency variance

Using this formula

VOH Efficiency Variance = Budgeted VOH based on Actual - Budgeted VOH/Standard Qty

Let plug in the formula

VOH Efficiency Variance = ((16,000 * $1.80/hr) - ((5,000 * 3.00hrs/unit * $1.80/hr))

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8 0
2 years ago
Which product-market combination has the greatest potential?
Sauron [17]

The product-market combination that has the greatest potential is B. Fashion items to the younger segment.

It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.

In such a case, a product that's designed for the younger generations will attract more customers since younger people generally like things that are trendy.

Therefore, in this case, the fashion items for the younger segment have more potential.

In conclusion, the correct option is B.

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7 0
2 years ago
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lord [1]

Answer: See explanation

Explanation:

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b. The Law of Demand states that when the price of a good falls, then the Quantity Demanded will (rise).

According to the law of demand, when there's an increase in the price of a product, there'll be a reduction in the quantity of the good that will be demanded by the consumers and vice versa.

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2 years ago
a form that instructs your broker to buy or sell a stock as you request, but ultimately at the best price available.
Brilliant_brown [7]
<span>Investment that provides low-risk, moderate growth, and dividend investment opportunities. balanced fund. ... A form that instructs your broker to buy or sell a stock as you request, but ultimately at the best price available. market order.</span>
4 0
3 years ago
Read 2 more answers
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