$13.27 is the fund's number of shares outstanding
Solution:
Given,
The All-Star Basic Value Fund's portfolio is valued at $250 million
Liabilities of $23 million
Net asset value = 17,100,000
Now ,
To find , fund's number of shares outstanding :
NAV = ($250 million - $23 million)/17.1 million = $13.27
$13.27 is the fund's number of shares outstanding
From the given description, Chip is using an experimental design called (A) matching.
Matching <u>is a type of experimental design where the researcher divide his or her samples into two groups of treatment conditions, which serves to ensure that before the treatment, both groups have the samples with the same characteristics, thus ensuring that the results of the experiment would not be influenced by any confounding variables that the samples have.</u>
Chip is doing this to ensure that samples that have been influenced by other variables which determine their decision to hire are distributed evenly in both the experimental and control group.
The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance
<h3>What is an adjusted trial balance?</h3>
Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.
An adjusted trial balance include:
- Adjustment for prepaid and accrued expenses.
- Depreciation
Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.
Learn more about adjusted trial balance here: brainly.com/question/14274904
Do you have a word bank?
i think 1: flowchart
2: first
