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kifflom [539]
3 years ago
14

he Yachtsman Fund had NAV per share of $36.12 on January 1, 2016. On December 31 of the same year, the fund's NAV was $39.71. In

come distributions were $0.64, and the fund had capital gain distributions of $1.13. Without considering taxes and transactions costs, what rate of return did an investor receive on the Yachtsman Fund last year?
Business
1 answer:
photoshop1234 [79]3 years ago
7 0

Answer: 14.84%

Explanation:

To calculate the rate of return the investors received we will do a simple return formula to find out by how much, in terms of the Opening NAV, the fund has increased.

To find out how much the fund has increased by we can add up all the figures then deduct the opening balance.

= 39.71 + 0.64 + 1.13 - 36.12

= $5.36

$5.36 is the how much the fund has increased by.

Expressing it in percentage of the opening NAV per share we have,

= 5.36/36.12

= 0.14839424141

= 14.84%

14.84% is the rate of return that an investor received on the Yachtsman Fund in 2016.

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La Famiglia Pizzeria provided the following information for the month of October:
Dennis_Churaev [7]

Answer:

a

The cash receipts in October are as follows:

Cash Sales:

85% of $157,000

= 0.85 * $157,000

= $133,450

Payments on September credit sales:

$181,500 * 28% * (80 - 75)%

= $181,500 *0.28 * 15%

= $181,500 * 0.28 * 0.15

= $7,623

Payments on October credit sales** 16,485

$157,000 * 70% * (85 - 70)%

$157,000 * 0.7 * 15%

= $157,000 * 0.7 * 0.15

= $16,485

Total cash expected = $133,450 + $7,623 + $16,485 = $157,558

b.

Payments for food purchases is as follows:

September

($130,000 × 0.75) = $97,500

October

($116,000 × 0.25) = 29,000

Total cash needed for June = $97,500 + $29,000 = $126,500

c.

The inventory is as follows:

Beginning balance $2,147

Cash receipts $157,558

Cash available $159,705

The following items will be subtracted:

Food purchases $126,500

Shareholder's Dividend $6,000

Workers’ wages in September $730 ---- 10% of $7,300

Workers’ wages re: October $6,570 --- 90% of $7,300

Utilities $5,590

Insurance $1,200

Rent $4,100

Total disbursements $150,690

Ending balance

= $159,705 - $150,690

= $9,015

8 0
3 years ago
The Walt Disney Company dress code requires male cast members with mustaches or beards to trim their facial hair to no longer th
Charra [1.4K]

Answer:

tangibles

Explanation:

According to my research on different characteristic terminology, I can say that based on the information provided within the question The Walt Disney Company's dress code reflects the tangibles dimension of service quality. This is because tangibles are the physical things that can be felt and reflect the organization or company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Read 2 more answers
An employee quits her job where she has a balance of $10,000 in her qualified plan. The balance was paid out directly to the emp
yawa3891 [41]

Answer:

$8,000, and she has to complete 60 days

Explanation:

Whenever money has to be taken out of the first plan, then it is the requirement of IRA to complete the rollover within 60 days, also the amount to be withheld is 20% this is in the case where the amount is directly paid o the concerned participant. Then the person concerned for such payment has to keep 20%

Here in the instance Total amount = $10,000

20% of such = $2,000

Thus, amount received from the administrator = 80% = $10,000 \times 80% = $8,000

3 0
3 years ago
The use of block grants, allowing states considerable leeway in how federal money is spent, was championed by President ________
AfilCa [17]

Answer:

President Richard NIxon

Explanation:

The President Nixon administration came up with the idea to decentralize power as well as some programs to the state governments of the USA to reduce the pressure on the Federal government in the wake of the continued unrest from the Vietnam war alongside unemployment, etc.

In decentralizing power and programs, the giving of block grants and aids to states ensured the reduction in the dependence of the economy on the federal government and as such states began to take care of problems within it.

Cheers.

8 0
3 years ago
Woolman College is considering the construction of a new women’s dormitory. The dormitory will have 80 rooms and the ability to
lisov135 [29]

Answer:

IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=

CHARGES PER STUDENT =$3100

LESS:VARIABLE COST

SUPPLIES ($350)

ASSISTANT SALARY ($155)

($7000/45)

CONTRIBUTION $2595

COST PER STUDENT:

SUPPLIES $350

OFFICE  ($7000/45) $155

INSURANCE ($40000/240*) $167

REPAIR ($32000/240) $133

AND MAINTENANCE

DEPOSIT ($60000/240) $250

TOTAL $1055

Explanation:

The given table will elaborate it more.

7 0
3 years ago
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