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Tcecarenko [31]
3 years ago
5

An investment broker wants to invest up to $20,000. She can invest in two mutual funds based on their yearly average return for

the 5 years ending December 31, 2009: the Franklin Natural Resources fund yielding 10% and the Oppenheimer Developing Markets A fund yielding 15%. She wants to invest at least $5000 in the Franklin Natural Resources fund and no more than $8000 in the Oppenheimer Developing Markets A fund. How much should she invest in each type of fund to maximize her return?
Business
1 answer:
VashaNatasha [74]3 years ago
8 0

Answer:

8,000 Oppenheimer and 12,000 Natural resources

Explanation:

as is said, the fund Oppenheimer is the one who has given the highest return (15%), so the key here is trying to find the highest participation in this fund, but as said too there is a constrarin, and it is the maximun amount invested in oppenheimer (8,000).

So as Oppenheimer is the fund with highest return, we must invest all posible, so the investment will be 8,000. As the total amount is 20,000 using difference is possible to know that the investment in natural resources will have a total amount of 12,000, it respect the other option.

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A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $5,000 cash. th
Zielflug [23.3K]
Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000

disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)

Good luck!
7 0
3 years ago
Virginia Enterprises makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30
Mademuasel [1]

Answer:

$18,000

Explanation:

Prepare an Accounts Payables Budget

The firm's budgeted payables balance on June is $18,000

4 0
2 years ago
Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $185,000, expenses of $103,700, and withdrew $18,000 from
navik [9.2K]

Answer:

Explanation:

The closing entry of the income summary account is shown below:

Income summary A/c Dr   $81,300

    To Retained Earning A/c             $81,300

((Being the difference is credited to retained earning))

The retained earning balance is calculated by taking a difference between:

= Annual revenues - Expenditure

= $185,000 - $103,700

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The income summary should always be closed after closing of revenue and expenditure account.

6 0
3 years ago
Your friend, Marco, offers to share with you a paper he wrote for his Introduction to Business class last semester. When you tel
Len [333]

Answer:

The correct answer is: <u>Is it balanced?</u>

Explanation:

This question based on ethics would be the most appropriate to assess these situations. Because when you confront your friend that it would not be fair and ethical for him to share an article written by him to be used as if you had written it, he responds to you with behavior that you consider unethical, but in these situations there is no balance comparison, as they are different situations.

Ethical issues seek to solve conflicting problems and dilemmas.

5 0
3 years ago
Who is the current ceo of earthwear how much did accounts payable change in dollars and percent from 2014 to 2015. in which of t
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Based on my online research, the current CEO of Earthwear is Calvin J. Rodgers.

From 2014 to 2015, the accounts payable change in dollars with an increase of $14,077 which is equivalent to 20.07%.

It is written that Earthwear had the highest net income in 2010. The net income amounted to $41,698.00

Additional detail about Earthwear is that it uses LIFO or last-in, first-out inventory valuation method. 
4 0
3 years ago
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