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zlopas [31]
3 years ago
14

As part of his 401(k) retirement plan at work, Ken Lowery invests 6.0 percent of his salary each month in the Capital Investment

s Lifecycle Fund. At the end of this year, Ken’s 401(k) account has a dollar value of $211,200. If the fund charges a 12b-1 fee of 0.8 percent, what is the amount of the fee
Business
1 answer:
Gnesinka [82]3 years ago
8 0

Answer:

The amount of the fee is $1689.60

Explanation:

The computation of the amount of the fee is shown below:

= Dollar value × fund charges a 12b-1 fee

= $211,200 × 0.8%

= $211,200 × 0.008

= $1689.60

Since the question has asked the fee amount so we consider the fee charges percentage, not the capital investment Lifecycle fund. Thus, we ignore the Capital Investments Lifecycle Fund as it is not relevant.

Hence, the amount of the fee is $1689.60

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3 years ago
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When doubles and decreases by half:____.
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Answer:

A. y increases and c increases

<h3>Explanation:</h3>
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5 0
2 years ago
On March 1st, Kalka Company borrowed $5,000 in the form of a three-month note payable with an annual interest rate of 6 percent.
STatiana [176]

Answer:

Option (A) is correct.

Explanation:

Given that,

On March 1st,

Kalka Company borrowed = $5,000 for a three-month note payable

Annual interest rate = 6 percent

Period = one month

Interest expense accrued=5000\times0.06\times\frac{1}{12}

                                                 = 5000 × 0.06 × 0.083

                                                 = $24.9 or $25

As Kalka Company borrowed $5000 on March 1st and accrued interest expenses on March 31st is $25.

7 0
3 years ago
Comprehension and speed are the two most important traits in reading for business. true or false
Bad White [126]

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8 0
3 years ago
The following amounts were taken from the financial statements of Plant Company: 2012 2011 Total assets $800,000 $1,000,000 Net
adell [148]

Answer: 27 times

Explanation:

Market price of common stock = $67.50

Net income = 150,000

Weighted average number of common shares outstanding = 60,000

Value of each shares = 150,000 / 60,000 = $2.5 per share

The price Earnings ratio will then be:

= market price per share / earnings per share

= $67.50 / $2.50

= 27 times

8 0
3 years ago
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