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
poizon [28]
3 years ago
10

Corporate Fund started the year with a net asset value of $12.90. By year-end, its NAV equaled $12.30. The fund paid year-end di

stributions of income and capital gains of $1.40. What was the rate of return to an investor in the fund
Business
1 answer:
maxonik [38]3 years ago
4 0

Answer:

6.201%

Explanation:

Given that,

Net asset value = $12.90

By year-end net asset value = $12.30

Fund paid year-end distributions of income and capital gains = $1.40

change in NAV:

= By year-end net asset value - Net asset value

=  $12.30 - $12.90

= -$0.6

Rate of Return:

= (change in net asset value + Distributions) ÷ Start of Year net asset value

= ( -$0.6 + $1.40) ÷ $12.90

= 0.8 ÷  $12.90

= 0.06201 or 6.201%

You might be interested in
A disadvantage of speed dating is that it ________. is one of the most expensive dating methods tends to rate potential daters l
-Dominant- [34]
A disadvantage of speed dating is that it <span>tends to rate potential daters lesser on substantive traits and more on superficial criteria</span>. Since those who fill out paperwork on who they'd like to meet are commonly based off of attributes that attract them to another, those who meet in a speed dating setting are based on superficial criteria instead of actual traits. 
7 0
3 years ago
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
g100num [7]

The necessary adjusting journal entries for items a through h are:

Wells Technical Institute Adjusting journal entries

a) Dec 31

Dr Insurance Expense $2,400

Cr Prepaid Insurance $2,400

b) Dec 31

Dr Teaching Supplies Expense $5,200

Cr Teaching Supplies $5,200

($8,000-$2,800)

c) Dec 31

Dr Depreciation Expense- Equipment $13,200

Cr Accumulated Depreciation- Equipment $13,200

d) Dec 31

Dr Depreciation Expense -Prof Library $7,200

Cr Accumulated Depreciation- Prof Library $7,200

e) Dec 31

Dr Unearned Revenue $5,000

Cr Training Revenue $5,000

($2,500×2 courses)

f) Dec 31

Dr Account Receiveble $7,500

Cr Tuition Revenue $7,500

g) Dec 31

Dr Salaries Expense $400

Cr Salaries Payable $400

($100×2 employees×2 days)

h) Dec 31

Dr Rent Expense $3,000

Cr Prepaid Rent $3,000

Learn more here:

brainly.com/question/14999256

8 0
2 years ago
Consider two people who are currently out of work. Tim would like to work but he is not looking for work because there have been
stira [4]

Answer: C. both Tim and Bev to be marginally attached workers

Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.

Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.

8 0
3 years ago
Read 2 more answers
3. This year, Paula and Simon (married filing jointly) estimate that their tax liability will be $200,000. Last year, their tota
choli [55]

Answer:

When a taxpayer has an underpayment of estimated tax or fall behind on his/her tax prepayment, then he/she is required to pay a penalty on Form 2210. This penalty is called underpayment penalty.

According to the tax laws, Mr. P and Ms. S can avoid an underpayment penalty if their withholding's and estimated tax payments equal or exceed one of the following two safe harbors:

  • 90 percent of current tax liability ($200,000 x 90% = $180,000)
  • 110 percent of previous year tax liability (110% x $170,000 = $187,000)

From the above calculation, it is clear that Mr. P and Ms. S's withholding's ($175,000) do not equal or exceed the amount of two safe harbors. So, they need to increase their withholding's or make estimated payments to avoid underpayment penalty.

If Mr. P and Ms. S increase their withholding's by $5,000 or make estimated payments of $1,250

per quarter ($5000/4), they can avoid the underpayment penalty.

Mr. Paula and Simon average gross income is greater than $150,000, so 110% is taken.

7 0
3 years ago
Read 2 more answers
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Hewitt Company expects cash sales for July of​ $11,000, and a​ 19% monthly increase during August and September. Credit sales of
    10·1 answer
  • Refer to the information above. Calculate the 20-year geometric average annual rate of return on the S&amp;P 500 Index
    5·1 answer
  • The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un
    8·1 answer
  • You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and no
    9·1 answer
  • Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average
    11·2 answers
  • A moderately​ risk-averse investor has 50 percent of her portfolio invested in stocks and 50 percent in​ risk-free Treasury bill
    14·1 answer
  • Which of the following accurately describes a capital gain?
    15·1 answer
  • MECCS Inc. stock paid its annual dividends of $4.90 per share yesterday. The dividend is expected to decrease at a constant rate
    11·1 answer
  • If you own a business that operates in a certain building then you are liable for the condition of the building.
    13·1 answer
  • Markung's Co. is 100% equity-financed company (no debt or preferred stock); hence, its WACC equals it cost of common equality. M
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!