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sattari [20]
3 years ago
9

You purchased 1,000 shares of the New Fund at a price of $39 per share at the beginning of the year. You paid a front-end load o

f 3.4%. The securities in which the fund invests increase in value by 8% during the year. The fund's expense ratio is 1.4%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

2.97%

Explanation:

cost of shares = (NAV0 × shares) ÷ (1 - FL)

                         = ($39 × 1,000) ÷ (1 - 0.034)

                          = 40,372.67

NAV1 = NAVo (1 + investment return - expense ratio)

= $39 × (1 + 0.08 - 0.014)

= 41.574

value of shares = NAV1 × Shares

                          = 41.574 × 1,000

                           = 41,574

Return = (value of shares ÷ cost of shares) - 1

           = (41,574 ÷ 40,372.67) - 1

           = 2.97%

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A government deficit has increased from 30 to 50. The country's trade deficit is 100 and private savings equal 65 and investment
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Answer:

If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.

Explanation:

S - I = X - M, where

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or,

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waterloo, ltd. manufactures a component used in aircraft navigation systems. demand has been strong and the executive staff at w
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To meet the target the projected output level for next year required is 712,750.

What is sales budget ?

A sales budget is a financial strategy that projects the entire income of a business over a given time frame. To forecast the performance of the company, it relies on two factors: the volume of products sold and the price at which they are sold.

The calculation of the production level required to accomplish the goals for the following year is presented below:

Ending Inventory (662,000 ÷ 12 × 1.5) 82,750

Sales Budget                                    662,000

Total inventory required                744,750

Less Beginning Inventory             -32,000

Production                                    712,750  

Question:

Waterloo, Ltd. manufactures a component used in aircraft navigation systems. Demand has been strong and the executive staff at Waterloo is planning for next year. Yesterday, you were called into a budgeting meeting where production plans are being reviewed. You learn that the inventory policy at Waterloo is to hold one and one-half months’ worth of sales (to avoid issues with transportation disruptions). The sales budget for next year is 662,000 units, spread evenly over the year. Because of an unexpected increase in demand, inventory at the end of this year is expected to be only 32,000 units. The capacity of the plant is 702,000 units annually.1. What production level next year will be required to meet the targets? (Do not round intermediate calculations.)

To learn more about sales budget click on the link below:

brainly.com/question/16821253

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