Answer:
e. $20
Explanation:
The net asset value (N) for The New American Enterprise Mutual Fund's portfolio is given by the funds total value ($120,000,000) subtracted by its liabilities ($4,000,000) and then divided by the number of shares issued (5,800,000) .
The fund's net asset value is $20
Answer:
May-15. Dr Merchandise inventory 40000
Cr Accounts payable 40000
( To record purchase of inventory)
May-17. Dr Merchandise inventory 310
Cash 310
(To record payment of freight of shipment)
May-20. Dr Accounts payable 800
Cr Merchandise inventory 800
( To record purchase return of inventory)
May-24. Dr Accounts payable (40000-800) 39200
Cr Cash 39200
( To record payment in full of inventory purchase)
Answer:
The correct word for the blank space is: Direct Marketing.
Explanation:
Direct marketing is a form of advertising in which materials are sent directly to consumers eliminating the middlemen from the promotion process. Direct marketing includes catalogs, mailers, e-mails, and flyers. They do not involve advertisements placed on television, radio or the internet. Direct customers allow consumers to take faster decisions than with other types of advertisement.
Answer:
Return will be 1.3 % lower
Explanation:
We have given that you have a $109000 portfolio which contain 10 stocks
So number of stocks = 10
Number of times traded each stock = 5
Commission and spread pay = $30
So total expenditure = number of stocks × number of times × commission and spread per trade = 10×5×30 = $1500
So in percentage 
%
So return will be 1.3 % lower
Answer:
a. FV = $1,000,000
rate = 9.7%
n = 40 periods
FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231
annual savings = $1,000,000 / 407.9960231 = $2,451.00
b. FV = $1,000,000
rate = 9.7%
n = 30 periods
FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295
annual savings = $1,000,000 / 155.4306295 = $6,433.74
FV = $1,000,000
rate = 9.7%
n = 20 periods
FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429
annual savings = $1,000,000 / 55.35978429 = $18,063.65
