Answer: A. $15.4 Million
B. $8.8 million
Explanation:
a. What were the total fees paid to the fund's investment managers during the year?
This will be:
= Average daily assets × Management fee
= $2.2 billion × 0.7%
= $15.4 million
b. What were the other administrative expenses?
The total expense that's incurred for managing the fund will be:
= $2.2 billion × 1.1%
= $24.2 million
Therefore, the other administrative expenses will be:
= $24.2 million - $15.4 million
= $8.8 million
Answer:
1. 60,000 hours
2. $300,000
3. $1,680 Unfavorable
Explanation:
1. The computation of the standard hours allowed for actual production is shown below:
= Actual production × Standard hours allowed per unit
= 15,000 units × 4 hours
= 60,000 hours
2. The computation of the applied fixed overhead is shown below:
= Standard hours allowed for actual production × Standard fixed overhead rate
= 6,000 hours × $5
= $300,000
3. The computation of the total fixed overhead variance is shown below:
= Actual fixed overhead costs - Applied fixed overhead
= $301,680 - $300,000
= $1,680 Unfavorable
Answer: $1,063,000
Explanation:
Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.
The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.
= $1,100,000 - $37,000
= $1,063,000
Answer:
Any type of government policy that restricts free trade and the movement of capital can trigger the aforementioned consequences. Thus, the limitation of companies to obtain economic benefits can make them decide to close their activities, leaving employees on the street (increasing unemployment), reducing the country's economic production (causing the country's real GDP to decrease), and ultimately, generating monetary lags due to lack of economic production, generating devaluations that lower the international price level of the country's products.
Answer:
The correct answer is C
Explanation:
Repositioning is states as altering or changing the position of the product in the customer minds as relative to the offerings of the product. It is very difficult as well as subtle procedure as the brand or the product needs or require to change the market understanding of the product.
In this case, the dairies would like to reposition the chocolate milk in the minds of the adult customers as they are trying to change the way adults think of chocolate milk.
