Answer:
8.66%
Explanation:
The computation of the rate of return for the investor in the fund is as follows:
= (Net assets at the end + dividend per share - nav at the beginning of the year) ÷ (nav at the beginning of the year)
where,
Net assets at the end is
= $203 million + $203 million × 7% - ($217.21 million × 0.75%)
= $203 million + $14.21 million - $1.6291 million
= $217.21 million - $1.6291 million
= $215.58093 million
Dividend per share is
= $5 million ÷ 10 million shares
= 0.5
Nav at the beginning of the year is
= $203 million ÷ 10 million shares
= $20.3
Now the rate of return is
= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)
= 8.66%
Answer: A. True
B. True
C. False
Explanation:
A. Both Mutual Savings Banks and Credit Unions are owned by the their depositors. Credit Unions are owned and operated by members for the purpose of creating banking services for themselves at a cheaper cost.
Mutual Savings Banks are also owned by members who felt that traditional banks did not favour them.
B. Demand Deposit accounts exist in both commercial banks and Credit Unions but with different names. In Commercial banks they are known as Checking accounts for the most part but Credit Unions call them Share Draft Accounts and members of the Union can use these accounts by writing drafts like Commercial banks allow cheques.
C. While Credit Unions were formed usually for people in the same organisations or people with a common bond, Mutual Savings Banks were generally meant to uplift the lower economic classes so they did not share a common bond as Credit Union members do.
Answer:
When labor productivity is high.
Explanation:
According to neoclassical economic theory, real wages are equal to the marginal product of labor (MLP). The marginal product of labor is the extra output produced by one extra unit of labor (one extra worker).
If the MPL is high, this means that workers are very productive, and therefore, are paid a high real wage accordingly.
This is why countries with high labor productivity like the U.S. or Switzerland also have very high real wages.
Internet more specifically Google. Yes to some extent because what you find on the internet you will not find if you watch the news. The more information you want the more you will need to look at the other resources.
Answer
(a) 3858 Units
(b) 4372 Units
Explanation
SP = Selling price per unit = $150 per unit
VC = Variable cost per unit = $80 per unit
TFC = Total Fixed Cost = $270,000
(a) Break-Even Point (Units) = Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit)
= $270,000 ÷ ( $150 per unit - $80 per unit )
= 3857.14 ≅ 3858 Units
(b)
x = Number of units
TR = Total Revenue = $150x
TC = Total Costs = Total Fixed Cost + Total Variable Cost
TC = $270,000 + $80x
Target Profit = $36,000
Total profit = Total Revenue - Total Costs
36000 = 150x - ( 270000 + 80x)
306000 = 70x
x = 4371.42 ≅ 4372 Units
