Answer:
14.6 %
Explanation:
Net assets value par share at the beginning of the year = $350 million / 14 million = $ 25
expense ratio = 1% = 0.01
Net assets value per share at the end of the year = ($ 400 - ( $ 400 × 0.01)) million / 15 million = $ 26.4
rate of return on fund = ( $ 26.4 - $25 + $ 2 + $ 0.25) / $ 25 × 100 = 14.6 %
Answer:
Total costs = Incurred costs + Estimated costs to complete
Total costs = $8 million + $12 million
Total costs = $20 million
a. How much revenue will appear in the company's income statement in the first year using the percentage-of-completion method?
Revenue to recognize = Incurred costs/Total costs * Contract price
Revenue to recognize = $8 million / $20 million * $28 million
Revenue to recognize = $11.2 million
b. How much gross profit or loss will the company recognize in the first year using the percentage-of-completion method?
Gross Profit to Recognized = Revenue recognized - Costs incurred
Gross Profit to Recognized = $11.2 million - $8 million
Gross Profit to Recognized = $3.2 million
Answer: I think it’s
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Hope this helps :)
Answer:
Yes, because the marginal revenue exceeds the marginal cost.
Explanation:
$5 per worker
5*3=15
$7 per worker
7*2=14
total of what he pays the workers per hour
15+14=29
he pays the workers 29 dollars per hour