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aleksley [76]
3 years ago
7

You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. Th

e same fund charges a 0% front-end load, 1% total annual fees, and a 2% back-end load on Class B shares. What are the total fees in year 1 on a Class B investment of $20,000 if you redeem shares with no growth in value?
Business
1 answer:
Anettt [7]3 years ago
7 0

Answer:

Total Fees = $600

Explanation:

A Mutual Fund is a type of investment that pools funds from many individual investors into a singular investment product.

The fund is managed by a Fund Manager. The Fund Manager applies charges to the fund. The charges are income to the Fund Manager.

Front-end load: This is more like a Sales charge applied on the investment amount at the point of buying into the Fund.

Back-end load: This charge is applied on the redemption amount. It is meant to discourage the investor from withdrawing early form the Fund.

Annual fees: This are yearly charge applied on the investment amount.

Calculation:

Front-end load: $0 [Because the rate is 0%]

Back-end load:[2% of 20000] \frac{2}{100} × 20000 = $400

Annual Charge: [1% of 20000] \frac{1}{100} × 20000 = $200

Total Fees: [$400 + $200] =  $600.

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Answer:

what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?

$800

Explanation:

We can seen in the transactions in the question that Whitewater Rentals first obtained $2,000 from rented canoes on account. These $2,000 represent the initial balance of accounts receivable.

Later, credit clients paid $1,200 cash. This reduced accounts receivable by the same amount.

Therefore, the balance of Accounts Receivable for Whitewater Rentals at the end of September is = $2,000 - $1,200 = 800

4 0
3 years ago
Assume that activity G has the following times: Early start time 7 days Early finish time 13 days Late start time 15 days Late f
Aloiza [94]

Answer:

The correct answer is Activity G has s slack time of 8 days.

5 0
3 years ago
In 2005, BridgePort Brewing Company expanded sales of its BridgePort India Pale Ale, and BridgePort Black Strap Stout into Alaba
Rina8888 [55]

Answer: organizing

Explanation:

When the brewery allocated resources to increase its production and distribution, the management function that it'll have relied on is organizing.

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• leading, and

• controlling.

The organizational skills is vital in order for the company to runs smoothly. Organizing has to do with the establishment of internal processes in order to know the workers that fits a particular position.

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7 0
3 years ago
When originally purchased, a vehicle costing $24,120 had an estimated useful life of 8 and an estimated salvage value of $2,200.
nydimaria [60]
<span>$5,375, The method used is finding the original deprecation per year rate and then find the net book value. Find the difference between this and the original salvage value and divide by the number of years left.</span>
3 0
3 years ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

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WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

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WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0
3 years ago
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