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
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

You might be interested in
If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
lara31 [8.8K]

Answer:

specialty store

Explanation:

Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.

8 0
3 years ago
Which of the following factors will make the demand for a product relatively elastic? rev: 05_14_2018 Multiple Choice Purchases
Hoochie [10]

Answer:

The good is considered a necessity.

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

Usually elastic goods are those that can be replaced, so that rising prices cause a drastic drop in demand that will flow to another product. For example, if the price of the burger rises, consumers may stop buying burgers and substitute pizza (assuming these products are substitutes). On the contrary, if the good is needed, it usually tends to be inelastic, that is, the price increase does not considerably decrease the demand, because consumers need this good. For example, medicines.

3 0
3 years ago
3. You have $100 to invest. The price of XYZ stock is $100. You sell short one share of XYZ and then invest all available funds
tigry1 [53]

Answer:

HPR = holding period Return is 20%

Explanation:

  • Given original Investment = $100
  • Short sale proceeds for 1 share = $100
  • Investment made of $100 + short sale proceeds of $100 at 5% YTM.
  • So Maturity Value = Investment x (1+YTM)^number of years  
  • = 200 x (1 + 0.05)^1 = 210  

 

  • Therefore, In order to cover Short sale of 1 share, we will have to buy 1 share at a closing value of $90  
  • As such, holding period Return = (Investment proceeds from ZCB - Buying price of stock - Investment amount) / Investment Amount  
  • = (210 - 90 - 100) / 100 = 0.2 or 20%  

 

  • Hence, HPR = holding period Return is 20%  
5 0
3 years ago
john Hayes and Lynn Magosian, auditors for a public accounting firm, went to lunch at the Bay View Restaurant in San Francisco.
zloy xaker [14]

Answer:

John is correct but Lynn isn't

Explanation:

John is correct because he left his coat with the coatroom attendant under the premise that it would be properly looked after and returned to him when he was done having lunch at the restaurant. However, Lynn just left her coat lying around under no ones care or supervision, there wasn't a predetermined agreement that anyone would be responsible for watching it on her behalf, therefore I don't think she is has the right to sue.

3 0
3 years ago
Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and r
Scilla [17]

Answer:

Explained below

Explanation:

KSAOs or knowledge, skills, abilities, and other characteristics, are the unique set of criteria required by a hiring agency or company for a particular job.

Henry, being the HR head at AAS Technologies looks for these features in a desirable candidates to find common sync between the job requirements and the capabilities of the candidate. It proves to be an effective method to filter out less desirable job seekers.

3 0
2 years ago
Other questions:
  • In two or three sentences, describe how antitrust laws encourages competition
    11·1 answer
  • On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,
    7·2 answers
  • Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000
    11·1 answer
  • What impact are macroenvironmental factors likely to have on the level of student enrollments at colleges and universities over
    10·2 answers
  • Your discount brokerage firm charges $7.95 per stock trade. how much money do you need to buy 200 shares of pfizer, inc. (pfe),
    9·1 answer
  • A technology company needs 10 workers experienced in a newly developed programming language. Plenty of applicants express intere
    8·2 answers
  • Which statement is not true about the minimum wage?
    7·1 answer
  • Chaz and Dolly enter into a contract under which Chaz agrees to provide maintenance services for Dolly's Ski Resort. Duties unde
    6·1 answer
  • The emirates group has a workforce comprised of individuals with 160 different nationalities. Suppose that one individual is con
    13·1 answer
  • Place the steps for finding the EOQ in a quantity discount model with variable H in the correct order.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!