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STALIN [3.7K]
4 years ago
11

The Yamaha Aggressive Growth Fund has an expense ratio of 1.83 percent. If you invest $58,500 in this fund, what is the dollar a

mount of fees that you would pay this year? (Round your answer to 2 decimal places.)
Business
1 answer:
astra-53 [7]4 years ago
3 0

Answer:

$1070.55

Explanation:

Expense ratio is the fee charged by fund managers for managing your investment.

so if you invest $58,500 assuming no return this year, the fee deductible would be simply 1.83% of $58,500

This amounts to $1070.55

Hope this helps.

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Bull City Industries is considering issuing a $100,000, 7% note to a creditor on account.
nignag [31]

Explanation:

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8 0
4 years ago
Yoshihiko Kikuchi, a communication specialist from Japan, was recently hired by a U.S. company to accompany negotiating teams th
marin [14]

Answer:

high-context low-context,

Explanation:

A high-context culture is a type of cultures that relies on non verbal clues  such as body language, posture and tone.

Cultures considered to be high context cultures are : Asians, Africans, Arabs and Latin Americans

A low-context culture relies on explicit communication and not on non verbal cues.  Culture considered to be low context cultures is United States.

Monochronic cultures carry out one activity at a time.

Polychronic cultures carry out multiple activities at the same time

3 0
4 years ago
An increase in the price of butter, a substitute good, would be most likely to cause a. a rightward shift of the demand curve fo
vesna_86 [32]

Answer:

a. a rightward shift of the demand curve for margarine

Explanation:

If the price of butter increases, consumers would demand less of butter and more of margarine. This would shift the demand curve of margarine to the right and the demand curve of butter to the left.

A substitute good is a good which can be used in place of another good. Substitute goods usually have a more elastic demand because if the price of the good increases, it can be easily substituted with another good.

The phenomenon exhibited by butter and margarine is known as cross price elasticity. It when the change in price of one good leads to a change in the quantity demanded of another good.

8 0
3 years ago
Steve Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated
ss7ja [257]

Answer:

Loss on sale = $38,000

Explanation:

The computation of sale of tractor is shown below:-

Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000

= $72,000

Net book value on January 1, 2021 = Tractor cost - Total depreciation

= $180,000 - $72,000

= $108,000

Loss on sale = Total depreciation - Net book value on January 1, 2021

= $70,000 - $108,000

= $38,000

Therefore for computing the sale of tractor we simply applied the above formula.

4 0
3 years ago
Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic ini
skad [1K]

Answer:

$318,240

Explanation:

Calculation to determine How much will the company pay in separation costs if these exit interviews are implemented next year

First step is to calculate the Seperation cost per employee

Seperation cost per employee=$5,000+$100

Seperation cost per employee=$5,100

Now let calculate How much will the company pay in separation costs

Total cost =(624*10%)*$5,100

Total cost =62.4*$5,100

Total cost =$318,240

Note that the Total Employee of 624 was given in Complement

Therefore The amount that the company will pay in separation costs if these exit interviews are implemented next year is $318,240

7 0
3 years ago
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