Answer:
The answer is D. $38.00 NAV per share.
Explanation:
Please find the below for detailed explanations and calculations:
We have the net asset value of a Fund is equal to its Market Value taken way its liabilities.
Thus, for Capitalist Mutual Fund's portfolio, the total net asset value= Total market valued - Total Liabilities = 77,700,000 - 5,500,000 = $72,200,000.
Net asset value per share = Total net asset value / Total number of outstanding share = 72,200,000/1,900,000 = $38.00 NAV per share.
Thus, the answer is D. $38.00 NAV per share.
Answer:
Journal Entries
2018
Feb. 1 Debit 6% Note Receivable (Candace Smith) $12,000
Credit Cash $12,000
To record receipt of a one-year, 6% note.
Apr. 6 Debit 12% Note Receivable (Park Pro) $6,000
Credit Sales Revenue $6,000
To record receiving a 90-day, 12% note.
Apr. 30 Debit Interest Receivable $230
Credit Interest Revenue $230
To accrue interest revenue for both notes.
Explanation:
a) Data and Analysis:
2018
Feb. 1 6% Note Receivable (Candace Smith) $12,000 Cash $12,000
a one-year, 6% note.
Apr. 6 12% Note Receivable (Park Pro) $6,000 Sales Revenue $6,000, receiving a 90-day, 12% note
Apr. 30 Interest Receivable $230 Interest Revenue $230
($12,000 * 6% * 3/12) + ($6,000 * 12% * 25/360)
= $180 + $50
= $230
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The unemployment rate equals 5.10 percent
What is unemployment rate?
Unemployment rate is the portion of the labor force in an economy who are unable to find jobs for living.
The unemployment rate is determined as the number of unemployed divided by the labor force, in other words, the unemployment rate is computed thus:
unemployment rate=unemployed/labor force
unemployed=7.8 million
labor force=153 million
unemployment rate=7.8 million/153 million
unemployment rate=5.10%
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