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Answer:
Net Asset Value of the fund = $377.6 million
Explanation:
Net Asset Value 9NAV) is the value per share in a portfolio.
Provided information,
All Star Basic Value Fund value = $386.2 million
Liabilities of fund = $8.6 million
Net Asset Value = $386.2 - $8.6 = $377.6 million
Net Asset Value per share = 
Therefore, Net Asset Value of the fund = $377.6 million
And NAV per share = $20.30
Answer:
$ 58,333 Personnel costs is allocated to B
Explanation:
According to the given data the Employees to be considered for allocation = A+B+C = 15+5+10 = 30 employees
The Personnel Dept direct cost = $ 350,000
No. of employees for B = 5
Therefore, in order to calculate what amount of Personnel costs is allocated to B, we have to use the following formula:
Allocated cost =Personnel Dept direct cost x No. of employees for B/Total employees =
Allocated cost = $ 350,000 x 5/30 = $ 58,333
$ 58,333 Personnel costs is allocated to B
Answer:
The answer is Deliveries for which no purchase order was issued.
Explanation:
A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of the vendor and do not list the quantities of the material ordered. Using the purchase orders, the receiving department is most likely to detect____Deliveries for which no purchase order was issued._____
Answer: Debit Notes Receivable 7,800
Sales(to record sales) 7,800
Explanation:
When a customer signs a promissory note in exchange for commodity then the entry to record sales is recorded by debiting notes receivable.
here, sales = $7,800 = Debit Notes Receivable
The entry to record the sales transaction would be
Debit Notes Receivable 7,800
Sales(to record sales) 7,800