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
Leona [35]
2 years ago
8

The All-Star Basic Value Fund's portfolio is valued at $250 million. The fund has liabilities of $23 million, and the fund’s net

asset value is 17,100,000 What is the fund's number of shares outstanding?
Business
1 answer:
svetoff [14.1K]2 years ago
8 0

$13.27 is the fund's number of shares outstanding

Solution:

Given,

The All-Star Basic Value Fund's portfolio is valued at $250 million

Liabilities of $23 million

Net asset value = 17,100,000

Now ,

To find , fund's number of shares outstanding :

NAV = ($250 million - $23 million)/17.1 million = $13.27

$13.27 is the fund's number of shares outstanding

You might be interested in
intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be con
Paul [167]

from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

  • cash
  • cash equivalents
  • accounts receivable
  • stock inventory
  • marketable securities
  • pre-paid liabilities

To learn more, please check: brainly.com/question/14287268

5 0
2 years ago
Walt Bach Company has accumulated the following budget data for the year 2019.
mrs_skeptik [129]

Answer:

Walt Bach Company

a) Schedule of Cost of Goods Sold

Direct materials =                 $400,000 (2*$5*40,000)

Direct labor =                          960,000 (1.5*$16*40,000)

Manufacturing overhead =    360,000 ($6*60,000)

Total cost of goods sold = $1,720,000

b) Budgeted Income Statement for 2013

Sales Revenue          $2,200,000

Cost of goods sold      (1,720,000)

Gross profit                   $480,000

Selling and admin. exp.  200,000

Income before tax        $280,000

Income tax (30%)             (84,000)

Net income                   $196,000

Explanation:

a) Budget Data and Calculations:

Sales: 40,000 units, unit selling price $55, Revenue = $2,200,000

Cost of one unit of finished goods:

Direct materials 2 pounds at $5 per pound = $400,000 (2*$5*40,000)

Direct labor 1.5 hours at $16 per hour = $960,000 (1.5*$16*40,000)

Manufacturing overhead $6 per direct labor hour = $360,000 ($6*60,000)

Inventories (raw materials only):

Beginning, 10,000 pounds;

Ending, 15,000 pounds.

Selling and administrative expenses: $200,000.

Income taxes: 30% of income before income taxes.

6 0
3 years ago
A market structure with a large number of sellers who make differentiated products is called _____.
Lubov Fominskaja [6]
The correct answer for the question that is being presented above is this one: "Monopolistic competition." A market structure with a large number of sellers who make differentiated products is called monopolistic competition. Monopolistic Competition refers to a type of imperfect competition<span> such that many producers sell products that are differentiated from one another.</span>

4 0
2 years ago
at a small company, one person prepares the paychecks for employees and another person reviews the check amounts and signs the c
____ [38]

At a small company, one person prepares the paychecks for employees and another person reviews the check amounts and signs the checks. this is an example of creating checks and balances approach to combatting destructive leadership.

<h3>What is company?</h3>

The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.

According to the small company, one authorisation figure checks the other's work being done, and thus maintains balance. The destructive leadership is checked and balanced.

As a result, the is an example of creating checks and balances approach to combatting destructive leadership.

Learn more about on company, here;

brainly.com/question/29354835

#SPJ1

Your question is incomplete, but most probably the full question was.

a- emphasizing low power distance

b- empowering employees

c- creating checks and balances

d- establishing norms and values

4 0
1 year ago
A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?
GREYUIT [131]

Answer:

B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.

Explanation:

Here the falling in unemployment represents that there is a movement with respect to the resources that are fully employed.

In this the unemployment means that it could be occured inner side of the PPF but if there is an increase, so the point of the production would be moved inner of the PPF to the PPF

Therefore the option B is correct

6 0
3 years ago
Other questions:
  • Sweet Corporation owns machinery that cost $23,200 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $
    11·1 answer
  • Greenwell Farm Equipment sells a tractor to Farmer for $130,000 on January​ 1, 2019. The tractor is delivered that day. Greenwel
    12·1 answer
  • Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
    12·1 answer
  • A subsidy that is used to internalize a positive externality will ideally cause the demand curve to shift __________ to the ____
    9·1 answer
  • Customs officials sell imported products in government-owned stores.<br><br> -True<br><br> -False
    11·1 answer
  • Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to
    14·1 answer
  • Has Toyota done the right thing by manufacturing a car brand for everyone? Why or why not?
    7·1 answer
  • Dobris Networks Inc. provides network traffic awareness, analysis, and control solutions for broadband service providers in USA.
    5·1 answer
  • Treating people within an organization fairly and taking actions that do not discriminate against people in protected classes on
    8·1 answer
  • A cost incurred in the past that is not relevant to any current decision is classified as a(n):_________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!