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3 years ago

Investors who wish to liquidate their holdings in a closed-end fund may ___________________.

Business

1 answer:

tamaranim1 [39]3 years ago

8 0

Answer:

The correct option is C

Explanation:

Closed end fund is the fund which is of pooled assets and increases or raise the fixed amount of capital by the procedure of IPO (stands for Initial Public Offering) and then the shares are listed for the purpose of trade on the stock exchange.

When the investors wish to liquidate (means cash), the holdings in fund which is closed end, might sell the shares on the secondary market or open market.

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On January 1, 2021, Gridley Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold

lesya [120]

Answer:

1,075,000

Explanation:

Weighted average numbers of share account the weightage of outstanding numbers of the share in the year based on the outstanding period.

Outstanding Balances

375,000 share for 2 months

Addition of new 750000 shares on March 1

1,125,000 shares (375,000+ 750,000) for 2 months

Stock dividend of 20% ( 1,125,000 x 20% = 225,000) on May 1

1,350,000 shares (1,125,000+ 225,000) for 3 months

Retirement of 420,000 Shares on August 1

930,000 shares (1,350,000 - 420,000) for 3 months

Issuance of 600000 shares on November 1

1530,000 shares (930,000 - 600,000) for 2 months

Schedule for weighted average numbers of shares is attached please find it.

Download pdf

3 0

3 years ago

A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $14,000 indica

Readme [11.4K]

Answer:

Department Y $9000

Department Z $5000

Explanation:

Delivery expense can be calculated using the allocation and apportionment method for Y and Z.

<u>Step 1. Allocation</u>

The costs that are directly attributable to the departments would be allocated to its relevant department. Here, $1500 are the direct expenses for the deliveries for the department Y, so at the first step,

Department Y Cost = $1500

For the department Z, their are no direct expenses for the deliveries,so at the first step,

Department Z Cost = $0

<u>Step 1. Apportionment</u>

The indirect cost of $12500 ($14000 - $1500) would be apportioned among department Y and Z.

Department Y = $1500 + $12500 x 60% = $9000

Department Z = $12500 x 40% = $5000

3 0

4 years ago

You are ready to retire. A glance at your 401K statement indicates that you have $750,000. If the funds remain in an account ear

Bumek [7]

Answer:

Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.

Step 1 Find Future Value

FV = Present Value * (1+r)^n

Future Value = $750,000 * (1+9%)^1

FV = $817,500

Step 2 Find the Difference between he Future value of the investment and the amount investment

And the amount invested is $750,000

The amount I can withdraw = FV less The amount invested

The amount I can withdraw = $817,500 - $750,000 = $67,500

So the amount that I will earn and I can withdraw annualy is $67,500.

8 0

3 years ago

Your coworker Charles is really concerned about a project that he has just been assigned. He is in charge of analyzing and deter

FromTheMoon [43]

Answer: Demand curve and demand schedule

Explanation:

The demand curve is a representation in graph that depicts the relationship that exist between the price of a commodity and its quantity demanded over period of time. Price is on the left vertical axis and the quantity demanded for the good is on the horizontal axis.

The demand curve is downward sloping from left to the right thereby explaining the law of demand that states that price and quantity demanded are inversely related i.e when the price of a good increases, the quantity demanded decreases and vice versa.

A demand schedule is a table that depicts the quantity demanded of commodities or service at different prices over a time period. The demand schedule is usually made up of two columns with the first column listing the price of a commodity and the second column listing the quantity demanded of the product.

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4 years ago

What is market saturation?

Leona [35]

In economics, market saturation is a situation in which a product has become diffused (distributed) within a market;the actual level of saturation can depend on consumer purchasing power; as well as competition, prices, and technology.

3 0

3 years ago