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
LenaWriter [7]
2 years ago
15

The Capitalist Mutual Fund's portfolio is valued at $77.7 million. The fund has liabilities of $5.5 million, and the investment

company sponsoring the fund has issued 1,900,000 shares. What is the fund's net asset value (NAV)? (Round your answer to 2 decimal places.) Multiple Choice
A $34.42 NAV per share
B. $43.79 NAV per share
C. $76.00 NAV per share
D. $38.00 NAV per share
E. $85.58 NAV per share
Business
1 answer:
Orlov [11]2 years ago
7 0

Answer:

The answer is D. $38.00 NAV per share.

Explanation:

Please find the below for detailed explanations and calculations:

We have the net asset value of a Fund is equal to its Market Value taken way its liabilities.

Thus, for Capitalist Mutual Fund's portfolio, the total net asset value= Total market valued - Total Liabilities = 77,700,000 - 5,500,000 = $72,200,000.

Net asset value per share = Total net asset value / Total number of outstanding share = 72,200,000/1,900,000 = $38.00 NAV per share.

Thus, the answer is D. $38.00 NAV per share.

You might be interested in
On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond ma
LuckyWell [14K]

Answer:

Sry iddk the answer sryyyyyy

7 0
3 years ago
What is down payment with regarding to buying a house?
mart [117]
The down payment is an initial payment made when something is bought on credit. It usually depends on the type of house or any other form of object
5 0
3 years ago
Smith is a CPA. His neighbor, Jones, asks him to prepare his tax return. Jones and Smith are casual friends. Smith prepares the
kati45 [8]

Answer:

Jones is liable to pay.

He is liable to pay to the tune of $1000. This may be negotiated however if it is not fair.

Explanation:

See the following points

  • The question above is an example of Implied At-law contracts. (We will get to the definition of this in a bit).
  • A contract is a legally binding agreement that recognises and governs the rights and duties of the parties to the agreement. A contract is legally enforceable because it meets the requirements and approval of<u> the Law</u>. From the above definition it is clear that two people may actually be engaging  in a contract without knowing it.
  • The law defines that a contract is.
  • Contracts may be Express or Implied.
  • Express contracts are simply contracts that are stated expressly, or openly, in either writing or orally, at the time of contract formation.
  • Implied contracts are created when two or more parties have no written contract.
  • There are two types of implied contracts:

  1. Implied In-Fact Contracts: these are contracts which create an obligation between the parties based on the facts of the situation. For example, assume your neighbor hires you to wash his car every Friday for the entire holidays. You wash your neighbor’s car for the first four weekends of the holidays and get paid on Friday morning each time. The fifth Friday you wash the car and when you arrive at your neighbor’s house for your pay, your neighbor refuses to pay you.                                           The law will infer that there is a contract between you and your neighbor, even though you never put anything in writing. This is an implied in-fact contract.

       2. The other type of Implied contract is that which is Implied At-Law

In the case between Jones and Smith, the law imposes a duty to perform a contract, and will enforce such a contract even against a person’s will, where the situation is such that without this legal intervention, one party would be <u>unfairly enriched</u> or advantaged by another party’s action.

  • In the question above, Smith is a CPA. He is qualified in every respect to carry out Professional Tax services. His services may be relied upon with a great degree of confidence.
  • If Jones had not filed those tax returns, he probably would have lost monies that should have accrued to him from the government.

This type of agreement is also considered a quasi-contract. A quasi-contract occurs where the law imposes an obligation upon the parties where in fact the parties did not intend to enter into a contract and made no promise to perform.

However, because one party would be unjustly enriched by another party’s action, the beneficiary of those actions must make restitution or pay fair value for the services provided, even though there was never any intention to enter into an agreement.

Cheers!

4 0
3 years ago
Which of the following occupations would least likely to be
Alekssandra [29.7K]

Answer:

McDonald Clown

Explanation:

B.

=MCDONALD

3 0
3 years ago
Read 2 more answers
As the operations manager for American Airlines you have decided to invest in 10 new jets for the company's fleet. There are thr
Tanzania [10]

Answer:

0.17

Explanation:

The computation of expected return in investment is shown below:-

Expected return in investment = (Expected return of outcome 1 × Probability of outcome 1) + (Expected return of outcome 2 × Probability of outcome 2) + (Expected return of outcome 3 × Probability of outcome 3)

= (0.15 × 0.50) + (0.25 × 0.30) + (0.10 × 0.20)

= 0.075 + 0.075 + 0.2

= 0.17

Therefore for computing the expected rate of return we simply applied the above formula.

3 0
3 years ago
Other questions:
  • The records of penny Co. Indicated that 415,000 of merchandise should be on hand December 31. The phyiscla inventory indicates t
    7·1 answer
  • GAME DESIGN HELP!!! WILL MARK BRAINLIEST
    7·1 answer
  • Your firm is a U.K.-based importer of bicycles. You have placed an order with an Italian firm for €1,000,000 worth of bicycles.
    6·1 answer
  • Mr. Hamid is running his small retail business under the name of Hamid Store. He has recently hired Mr. Imran as a junior accoun
    5·1 answer
  • Assume you are the new Product Manager in our Amazon Prime business and are in charge of Pricing. The VP would like to lower the
    11·1 answer
  • Which of the following contributed to the financial crisis of 2008?
    15·1 answer
  • I need help on the first question , it's asking more or less​
    8·1 answer
  • "Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he shoul
    6·1 answer
  • When creditors, managers, and investors look at expenses as a percentage of revenue, they are __________.
    7·1 answer
  • Suppose the rate of return on a 10-year T-bond is currently 5.00% and that on a 10-year Treasury Inflation Protected Security (T
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!