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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mount withdrawn.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Mutual charges on amount withdrawn = 6%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

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The present value of the investment is $5,658.29.

The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.

Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62

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A similar question was solved here: brainly.com/question/9641711?referrer=searchResults

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3 years ago
The business case for an ethical strategyA) relates to the company's business model and business-level strategy.B) must be artic
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Answer:

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Explanation:

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There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.

Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.

Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.

6 0
3 years ago
Bikul has just started a great job and plans to buy a fancy car worth $100,000. Bikul is risk-averse in money matters, but he li
dedylja [7]

Answer:

$10,000

Explanation:

Probability that Bikul wrecks the car is 0.10

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Therefore risk of wrecking the car = Probability x loss

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6 0
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Accord Company purchased land for​ $100,000 by making a cash payment of​ $30,000 and promising to pay the remaining amount in a
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Answer:

Assets and liabilities both will increase by $70,000.

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Given data provided

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7 0
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