1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serjik [45]
3 years ago
7

When Pete Mills went to withdraw $10,100 from the NFA Mutual fund, he was informed that the fund would charge 6 percent of the a

mount withdrawn. What is the dollar amount of the withdrawal charge? (Round your answer to 2 decimal places.) Multiple Choice
A. $606.00
B. $6,060.00
C. $60.60
D. $1,212.00
E. $121.20
Business
1 answer:
aivan3 [116]3 years ago
6 0

Answer:

Option (A) is correct.

Explanation:

Given that,

Amount withdraw by Pete Mills = $10,100

Mutual charges on amount withdrawn = 6%

Therefore, the dollar amount of the withdrawal charge;

= Amount withdraw by Pete Mills × Percent charges by mutual fund on withdrawal of fund

= $10,100 × 0.06

= $606.00

Hence, the correct answer is $606.00

You might be interested in
If there are two identical companies, one financed 100% equity and the other 50% equity and 50% debt, which would be worth more
Umnica [9.8K]
The one with 100% equity?
5 0
3 years ago
The total combines customer lifetime values of all of the company’s customers is called - Options
swat32
I'm am pretty sure the answer is b.
8 0
3 years ago
When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as _____.
sineoko [7]

When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as exclusive dealing.

Exclusive dealing happens while one commercial enterprise buying and sells with some other places situations on the opposite's freedom to pick what it buys or sells, who it does commercial enterprise with, or wherein it trades. Unique dealing is common in business preparations. extraordinary dealing is only illegal while it drastically lessens opposition.

Exclusive dealing is normally described by using the state of affairs wherein the advertising outlet contains best the fabricated from one manufacturer in a particular product type. as an example, while McDonald's sells the handiest Coca-Cola, this is distinctive dealing.

Learn more about manufacturer here: brainly.com/question/25279292

#SPJ4

4 0
1 year ago
A. compensation that is tied to the employee’s seniority B. compensation that is tied to the employee’s qualification C. compens
Andru [333]

Answer:

D

Explanation:

You always want to compensate someone based on their performance. This aligns the employees and company's goals together

8 0
3 years ago
assume that kyle is temporarily unemployed because he has voluntarily quit his job with company A and will begin a better job ne
Liula [17]

The kind of unemployment that is illustrated by the condition of Kyle will be a frictional unemployment.

<h3>What is unemployment?</h3>

Unemployment simply means a situation where someone who's able and ready to work doesn't get a suitable job.

In this case, since Kyle is temporarily unemployed because he has voluntarily quit his job with company A and will begin a better job next week with company B, he will be considered as fictionally unemployed.

Learn more about unemployment on:

brainly.com/question/305041

8 0
2 years ago
Other questions:
  • Select the correct answer. Clarence has an interview with the General Manager of a hotel for the position of a restaurant manage
    14·2 answers
  • The three (3) key components in creating a financial plan are: Select one: a. The sales forecast, proforma financial statement a
    12·1 answer
  • The following events occurred for Favata Company: a. Received $10,000 cash from owners and issued stock to them. b. Borrowed $7,
    8·1 answer
  • In their op ed, the executives sought to provide information to the public and drivers about their positions regarding providing
    10·1 answer
  • Bob is evaluating a bond issue to determine the right price for the bond. In his evaluation, he gathers the following informatio
    7·1 answer
  • Market economies operate on the principle of supply and demand.
    15·1 answer
  • MicroTech Corporation maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budg
    13·1 answer
  • The tax on a property with an assessed value of $ 68 comma 000 is $ 550. Using a​ proportion, find the tax on a property with an
    9·1 answer
  • Fergie has the choice between investing in a State of New York bond at 9.2 percent and a Surething bond at 8.5 percent. Assuming
    5·1 answer
  • The fixed budget indicates direct labor costs of $27,500. Actual direct labor costs were $27,000. The variance is:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!