3 years ago

Which type of investment typically charges the investor the lowest fees?

1 answer:

7 0

Investment in Index Fund typically charges the investor the lowest fees. In case of Index Funds, the portfolio manager has little work to do as it is a type of passive fund. The main job of the portfolio manager is to match the portfolio with the securities that are already included. The manager does not have to do any kind of research work.

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Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

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Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

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3 years ago

Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of lega

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Answer:

C) $50,000,000

Explanation:

The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.

In the picture attached, the rent is showed graphically.

At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.

The oportunity cost at a zero hours level is PL(0)=$150.

The rent can be calculated as:

$Rent=\frac{QL_{equil} x (PL_{equil}-PL_0)}{2}\\\\\\Rent=\frac{1,000,000*(250-150)}{2}= \frac{1,000,000*(100)}{2}=50,000,000$

The aggregate rent is $50,000,000.

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Compitition forces thesales person to beopen-mindedand to shoot for the top.

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