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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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Bank loans from the Federal Reserve are called ________ and represent a ________ of funds for the bank.
marishachu [46]

Answer:

B) discount loans; source

Explanation:

The central bank has a role in acting as the lender of last resort. Commercials banks and other institutions will turn to the Fed if they cannot borrow funds from any other sources. The central bank, through the Fed, uses the discount window facility to lend to commercial banks.

The loans that the fed advances to commercial banks are called the discount loans.  Discounts loans are short term in nature and are used to meet liquidity shortfalls. The interest rate that the Fed charge for discount window loans is the discount rate. Banks prefer to borrow from other banks because it is cheaper. If a bank cannot get funds from other banks, the discount loans serve a source of funds to the bank.

7 0
2 years ago
Which of the following is an application of​ conservatism? A. reporting inventory at the lower of cost or market B. using the sa
Rudiy27

Answer:

The correct answer is letter "A": reporting inventory at the lower of cost or market.

Explanation:

Accounting Conservatism is a doctrine that involves the implementation of accounting laws with a high degree of verification. Accountants practicing conservatism must support approaches that are the most favorable in the company's income statement. If the accountant has two choices to choose from when faced with an accounting problem, the one that produces lower numbers should be chosen.

<em>When it comes to inventory valuation, accounting conservatism states that the lower historical or market cost must be selected while recording the information in the company's ledgers.</em>

5 0
2 years ago
The ________, which replaces workers with technology, is another cause of the changes in the job market.
Allisa [31]

The automation of the workplace, which replaces workers with technology, is another cause of the changes in the job market.

<h3><u>What is automation?</u></h3>
  • A broad range of technologies that minimize human involvement in operations are referred to as automating.
  • By predetermining decision criteria, subprocess linkages, and related actions — and embodying those predeterminations in computers – human intervention is decreased.
  • An industrial control system with tens of thousands of input measurements and output control signals can be automated, as can a thermostat controlling a boiler in a home.
  • The banking industry has also been impacted by automation. Control complexity can range from straightforward on-off control to sophisticated multivariable algorithms.

Automation is the use of a variety of tools and control systems, such as machinery, factory processes, boilers, and heat-treating ovens, as well as the activation of telephone networks and the steering and stabilization of ships, aircraft, and other applications and vehicles with a minimum of human intervention.

Know more about automation with the help of the given link:

brainly.com/question/28222698

#SPJ4

7 0
2 years ago
Skipper’s Pet Products was started by Steve to sell a range of dog food and treats made from fish. Due to fish being a very peri
Basile [38]

Answer: Yes it was

Explanation:

When considering where you should set up location, it is best to look at the cost of locating your business from various perspectives such as raw material acquisition, transport to suppliers, transport to customers and accessibility.

Depending on the business, some factors would have to be given more weight. In the above scenario, raw material acquisition and transport from suppliers should be given a higher weight because the goods are perishable and so costs would be high if the location is too far from the source of the fish.

Given that technology has made it easier to sell from many places, transport to customers is not as major a factor as transport to suppliers. The most important factor to focus on for this business therefore is raw material acquisition and by locating the company so close to the source, the cost to acquire the raw material from suppliers was heavily reduced so this was the best option.

3 0
3 years ago
In 2019, Alliant Corporation acquired Centerpoint Inc. for $548 million, of which $98 million was allocated to goodwill. At the
ohaa [14]

Answer:

$48 million

Explanation:

In this scenario, we compare the values between book value including goodwill and the fair value of machinery, the difference would be the loss on impairment of the asset

In mathematically,  

= Book value including goodwill - fair value  

= $450 million - $402 million

= $48 million

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
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