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Trava [24]
3 years ago
15

You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $32.24. At the end of the year, the fund pai

d $0.24 in short-term distributions and $0.41 in long-term distributions. If the NAV of the fund at the end of the year was $35.23, what was your return for the year
Business
1 answer:
Llana [10]3 years ago
4 0

Answer:

Return for the year is 11.29%

Explanation:

Beginning of the year, NAV = $32.24.

At the end of the year,

Short-term distributions = $0.24

Long-term distributions = $0.41

End of the year was, NAV = $35.23

No. Of mutual funds = $10000 ÷ $32.24 = 310.1737

Distributions per fund = Short term distributions + Long term distributions = $0.24 + $0.41 = $0.65

Total distributions = $0.65 × 310.1737 = $201.61

Closing value of fund invested = No. Of funds × Closing NAV

Closing value of fund invested = 310.1737 × $35.23 = $10927.42

Total net benefit = (Closing value of fund - Opening value of fund) + Total distributions

Total net benefit = ($10927.42 - $10000) + $201.61

Total net benefit = $1129.03

Now,

Return on fund invested = Total net benefit/Opening value of fund

Return on fund invested = $1129.03 ÷ $10000

Return on fund invested = 0.1129 or 11.29%

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Maria has to choose between driving and taking a train to destination A. Travelling by train will cost her $400 and will take 4
dlinn [17]

Answer:

None of the options are correct

Explanation:

The train would cost her, which is computed as:

= Cost + (Hours × Opportunity Cost)

= $400 + (4 hours × $15 per hour)

= $400 + $60

= $460

The driving would cost her, which is computed as:

= Cost + (Hours × Opportunity Cost)

= $250 + (6 hours × $15 per hour)

= $250 + $90

= $340

Savings = Train Cost - Driving Cost

= $460 - $340

=$120

None of the options are correct as the she would save $120.

4 0
3 years ago
The government imposed a fine on the Not-So-Legal Company. The fine calls for a payment of $100,000 today, $150,000 one year fro
belka [17]

Answer:

The amount after 2 years will be $460590

Explanation:

The payment which is done 2 year from today = $200000

The payment which is done one year from today = $150000

Rate of interest = 3 %

So the amount after 1 year

A=P(1+\frac{r}{100})^n=150000(1+\frac{3}{100})^1=$154500

The amount which is done today = $100000

So amount after 2 years

A=P(1+\frac{r}{100})^n=100000(1+\frac{3}{100})^2=$106090

So total amount after 2 years = $106090+$154500+$200000 = $460590

8 0
3 years ago
Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
Karo-lina-s [1.5K]

Answer:

The answer is E. $24,000

Explanation:

Straight line depreciation method equals

Cost of asset - salvage value / number of years.

Cost of asset is $135,000

Salvage value is $15,000

Number of years is 5 years

$135,000 - $15,000/5 years

$120,000/5 years

=$24,000

Straight line method of depreciation has equal amount all through the year.

The first year through it end life.

Therefore, machines' first year depreciation under the straight-line method is $24,000

6 0
3 years ago
Which best describes the function of the federal reserve system
hodyreva [135]
Control of money supply.

The main function of Federal Reserve is to conduct the monetary policy by influencing money and credit conditions.
7 0
3 years ago
Read 2 more answers
Jebali Corporation, a calendar year taxpayer utilizing the completed contract method of accounting, constructed a building for S
melamori03 [73]

Answer:

Jabeli must include = $2,220,000

Explanation:

As per the data given in the question,

Gross Income in 2019 = $2,300,000 - $80,000

= $2,220,000

So, Jabeli should include $2,220,000 in gross income and Jabeli is allowed to deduct $2,100,000 in 2019

In completed contact method of accounting :

Till the contract is completed and accepted, no revenue from the contract is recognized

In this case the purchaser may desire additional work to be done on a long term contract.

The regulations do not provide any amount of income(or loss) until the dispute is resolved.

7 0
3 years ago
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