Answer: A. $15.4 Million
B. $8.8 million
Explanation:
a. What were the total fees paid to the fund's investment managers during the year?
This will be:
= Average daily assets × Management fee
= $2.2 billion × 0.7%
= $15.4 million
b. What were the other administrative expenses?
The total expense that's incurred for managing the fund will be:
= $2.2 billion × 1.1%
= $24.2 million
Therefore, the other administrative expenses will be:
= $24.2 million - $15.4 million
= $8.8 million
Answer:
The aggregate budgeted selling expense for the month of February amounts to $20,900
Explanation:
Selling expense budget is the plan which estimate the selling expense which happen in that period or year or month. It is related to the marketing as well as selling the product to customers. And involve advertising expense, commission, delivery cost and signs.
The aggregate budgeted selling expense for the month of February is computed as:
Aggregate budgeted selling expense = Commission + Monthly Salary of Sales manager + Advertising expense
where
Commission is as:
Commission = Sales × 5%
= $318,000 × 5%
= $15,900
Monthly Salary of Sales manager is $3,700
Advertising expense is $1,300
So,
Aggregate budgeted selling expense = $15,900 + $3,700 + $1,300
Aggregate budgeted selling expense = $20,900
Answer:
0.811% per month is the amximum rate it can affor
or 9.732% annual rate with monhly compounding.
Explanation:
We have to solve for the rate at which the monthly payment equals 900 dollars.
C 900.00
time 240
rate r
PV $95,000.0000
Given the complexity of the formula we solve using excel or a financial calcualtor
we write on a1 =PV(A2;240;95000)
on a2 we write any number between 0 and 1
then we use goal seek tool adn define that we want A1 to be 95,000 by changing A2 (which is the argument for rate)
the value of A2 after this is our answer:
PV $95,000.0000
Answer:
business, management, and administration cluster
Explanation:
Business Management and Administration Career Cluster emphases on careers in planning, organizing, directing, and evaluating business functions.
Answer:
D.
Explanation:
A economic model can be used to explain or predict economic phenomena, because every model has to have key variables that command the economic decisions and operations.
An economic model is define to get a specific goal, so when some problem comes, you can study every decision based on the model applied, that 'simplifies' solutions, or even better, you must be able to predict when economic problems will arrive.
