Aaron earns a weekly salary of $350 plus 7% commission on sales. last week his sales totaled $3200. what was his total pay?

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

Anettt [7]

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.

7 0

3 years ago

Importance of studying business

adelina 88 [10]

Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.

Business also involves people — customers and employees — so communication and interpersonal skills are vitally important as well.

5 0

3 years ago

Read 2 more answers

Jenny Jennarator Co has the motto of placing a Jenny in every home in a state receiving more than 12 inches of snow per year. Fa

goblinko [34]

Answer:

a. 19 units

b. $56,452

c. Facility B shall be chosen.

Explanation:

As for the provided information,

We have

Costs under facility A

Cost per generator = $1,300

Setting up cost = $22,500

Number of generators = 20

Costs under facility B

Cost per generator = $950

Fixed cost = $35,000

Number of generators = 42

Selling price of generator = $2,500

a. Break even point for Type A, in units

= $\frac{Fixed\ cost}{Contrbution\ per\ generator}$

Fixed cost = $22,500

Contribution per generator = $2,500 - $1,300(Variable cost) = $1,200

Break even point in units = $\frac{22,500}{1,200} = 18.75$

since units can not be in decimals, it will be 19 units.

b. For type B contribution margin in percentage shall be:

Selling price - variable cost = $2,500 - $950 = $1,550

Contribution margin = 1,550/2,500 = 62%

Break even in dollars = $35,000/62% = $56,451.61

c. If facility Q has fixed cost = $40,000

and unit cost = $800

contribution = $2,500 - $800 = $1,700

Thus, break even in units = $40,000/1,700 = 23.5 = 24 units

As the break even for facility b = $35,000/1,550 = 22.58 = 23 units

Thus, since facility B has least break even the facility B shall be chosen, as for facility A the break even is low but profit will not be there as maximum capacity is 20 units.

4 0

3 years ago

Imagine a world where there are only two countries. In country A, the people spend 80% of their marginal income. In country B, t

Pavlova-9 [17]

Based on the percentage spent out of their marginal income, the country where fiscal policy would be more effective is Country A

The country where fiscal policy would be more effective is the one that has a higher multiplier.

Multiplier is calculated as:

= 1 / ( 1 - Marginal propensity to consume)

Marginal propensity to consume is the percentage spent out of marginal income.

Country A multiplier:

= 1 / ( 1 - 80%)

= 5

Country B multiplier:

= 1 / ( 1 - 60%)

= 2.5

In conclusion, fiscal policies would be more effective in Country A.

Find out more at brainly.com/question/17012705.

7 0

2 years ago

As she went into labor, rachel said her bag of waters ruptured. the medical term for this structure is the

yawa3891 [41]

for medical terminology? the medical term for this, bags of water is ruptured, the structure is called "amniotic sac"

8 0

3 years ago