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3 years ago

For a mutual fund, the typical yearly management fee ranges from 2.5 to 5 percent of total dollar amount invested.

Business

2 answers:

san4es73 [151]3 years ago

8 0

I think the answer is B) False

Minchanka [31]3 years ago

3 0

Yes, i agree with your answer it is False

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A finance lease agreement calls for quarterly lease payments of $5,376 over a 10-year lease term, with the first payment on July

Rainbow [258]

Answer:

a. The preparation of partial amortization is shown below:-

b. $2,892

Explanation:

a. Date Lease Effective Decrease in Outstanding

payment interest balance balance

July 1 $150,000

July 1 $5,376 $5,376 $144,624

($150,000 - $5,376)

Oct 1 $5,376 $2,892 $2,484 $142,140

( $5,376 - $2,892) ($144,624 - $2,484)

b. Interest expense on October 1 = $2,892

Working Note:-

Take the outstanding balance times 2% (8% annual = 2% quarterly)

So, the Effective interest = $144,624 × 0.02

= $2,892.48

4 0

3 years ago

Product differentiation by incumbents act as an entry barrier because a. incumbents will take legal action if new entrants do no

almond37 [142]

Answer:

d. new entrants will have to spend heavily to overcome existing customer loyalties.

Explanation:

When the product is different and can be recognized by an incumbent so the same should be acted as the entry barrier as the new entrants should spend more amount so that they would able to overcome the loyalties of the customer that are pre-existed in the market

So according to the given situation, the option d is correct

And, the remaining of the options should be incorrect

8 0

3 years ago

You are provided with the following information for Metlock, Inc., effective as of its April 30, 2017, year-end. Accounts payabl

Alex787 [66]

Answer:

BALANCE SHEET

ASSETS

Cash 1410

Accounts Receivable 950

Prepaid insurance 110

Stock investments 1290

Inventory 1107

Equipment 2560

Accumulated Depreciation Equipment -670

Land 3240

TOTAL ASSETS 9997

LIABILITIES

Accounts Payable 884

Income tax payable 185

Mortgage payable 3640

Notes payable 201

Salaries and wages payable 272

TOTAL LIABILITIES 5182

NET EQUITY

Retained earnings (beginning) 1600

Common stock 1320

Dividends -375

Net Income 2270

TOTAL NET EQUITY 4815

TOTAL LIABILITIES+TOTAL NET EQUITY 9997

INCOME STATEMENT

Sales revenue 5240

Cost of goods sold -1110

Gross Profit 4130

Salaries and wages expense -650

Insurance expense -260

EBITDA 3220

Depreciation expense -285

EBIT 2935

Interest expense -450

EBT 2485

Income Tax expense -215

NET INCOME 2270

Explanation:

According to the accounting equation the total of the assets should be equal to the sum between the liabilities and net equity. One of the components of the net equity is the net income that can be visualized in the final line of the income statement.

4 0

3 years ago

Suppose you win the Publishers Clearinghouse $10 million sweepstakes. The money is paid in equal annual end-of-year installments

Ludmilka [50]

Answer:

the actual worth today is $5,124,150.29

Explanation:

The computation of the actual worth today is as follows:

= (Year end annual payments) ÷ (rate of interest) × (1 - (1 + rate of interest)^-time period

= ($333,333.33) ÷0.05 × (1 - (1 + 0.05)^-30

= $5,124,150.29

hence, the actual worth today is $5,124,150.29

The above formula should be applied

7 0

3 years ago

In an alphabetic correspondence file, an individual folder is prepared for each correspondent. TRUE FALSE

ollegr [7]

Answer:

False

Explanation:

It's not prepared for each correspondent.

5 0

4 years ago