Answer:
b. $6,600,000
Explanation:
The computation of the fee is shown below:
= Annual management fee + performance management fee
where,
Annual management fee = $400 million × 0.01 = $4 million
And, the performance management fee
= Incentive percentage × hedge fund × excess return
= 20% × $400 million × 3.25%
= $2.6 million
The excess return is
= {($445 million - $400 million) × $400 million - 8%}
= 11.25% - 8%
= 3.25%
So, the fee is
= $4 million + $2.6 million
= $6.6 million or $6,600,000
Answer is Mucus Fleming as he is a sports player. (:
Answer:
A person who possesses a document of title can legally transfer ownership of the goods covered by it by delivering or endorsing it over to another without physically moving the goods.
<span>In response to the demand for two-pair cabling, manufacturers often connect two fibers together like a lamp cord to create the popular duplex fiber-optic cabling.</span>
Answer:
B. As a current liability on the balance sheet
Explanation:
Prepaid Cards has expiry of December 31, 2019 and LatteBucks is liable to redeem that card until the expiry date. So, the unredeemed gift cards be reported on LatteBucks's 2018 year-end financial statements.
At time of Sale transaction might be as
Dr. Cash $XXX
Cr. Redeemable card payable $XXX
