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mezya [45]
2 years ago
8

The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $430 million. It has liabilities of $8

million and 10 million shares outstanding. If the fund sells for $40 a share, what is its premium or discount as a percent of NAV
Business
1 answer:
SashulF [63]2 years ago
4 0

Answer:

5.21%

Explanation:

The Stone Harbor Fund

NAV= Investment in portfolio - liabilities/ Numbers of share outstanding

(430-8)/10

=422/10

=$42.2

Discount will be : $42.2 -40 shares

=$2.2

Hence:

$2.2/$42.2

=5.21%

Therefore the premium or discount as a percent of NAV will be 5.21%

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Stelwire LLC, a vintage car dealer, advertises the sale of a 1964 Ford Thunderbolt. Ralph
DENIUS [597]

Answer:

A) firm offer rule

Explanation:

The firm offer rule states that an offer shall remain open and firm until its expiration date (in this case a fortnight). Stelwire LLC can revoke an offer (anyone can) but in order to do so, it must notify the other party about the revocation. If Stelwire LLC didn't properly revoke the offer before Ralph accepted it, then they are liable for it.

3 0
3 years ago
Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost
lora16 [44]

a) The computation of the single plantwide predetermined overhead rate for Tent Master is $6 per DLH ($252,000/42,000).

b) The computation of the overhead cost per unit for Pup and Pop-up Tents for Tent Master is computed as follows:

                               Pup Tents     Pop-up Tents

Overhead cost     $24 ($6 x 4)    $18 ($6 x 3)

c) The computation of the product cost per unit for Pup and Pop-up Tents is as follows:

Per Unit      Selling     Direct     Direct  Overhead     Product

                    Price   Materials   Labor    per unit    Cost / Unit

Pup tent       $ 78         $ 20      $ 45        $24             $89

Pop-up tent    73             25         30         $18             $73

d) The computation of the gross profit per unit (selling price per unit minus the product cost per unit) of Pup and Pop-up Tents is as follows:

Per Unit      Selling     Direct    Direct  Overhead   Product    Gross Profit

                    Price   Materials  Labor    per unit   Cost / Unit  (Loss) per unit

Pup tent      $ 78       $ 20      $ 45         $24             $89     ($11) ($78 - $89)

Pop-up tent   73          25          30          $18             $73       $0 ($73 - $73)

<h3>What does a product cost?</h3>

The determination of the product cost includes the costs of direct materials, direct labor, and overhead.  The overhead cost is allocated to each unit based on a predetermined overhead rate (budgeted overheads/budgeted usage) or using an activity-based costing technique.

<h3>Data and Calculations:</h3>

Budgeted overhead costs = $252,000

Budgeted direct labor hours = 42,000

<h3>Question Completion:</h3>

Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows:

Per Unit      Selling Price  Direct Materials  Direct Labor  DL Hours

Pup tent          $ 78                   $ 20                   $ 45            4

Pop-up tent       73                       25                      30            3

<h3>Required: </h3>

1. Compute a single plantwide overhead rate assuming the company allocates overhead costs based on 42,000 direct labor hours.

2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.

3. Compute the product cost per unit for each product.

4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).

Learn more about calculating the predetermined overhead rates at brainly.com/question/26372929

4 0
2 years ago
As a group, oligopolists earn the highest profit when they a. achieve a Nash equilibrium. b. produce a total quantity of output
Hunter-Best [27]

Answer: The correct answer is "c. produce a total quantity of output that falls short of the Nash-equilibrium total quantity."

Explanation:  When oligopolists act together, it is called collusion. Collusion refers to cooperation between different companies. Companies collude in some way to establish prices and production levels. In this way, they can act as monopolists and establish a high price and a level of production that does not reach the total amount of Nash equilibrium which produces the maximum benefit as a group.

8 0
3 years ago
Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the y
Ivan

Answer:

a. Determine the total number of budgeted direct labor hours for the year in each department.

  • Fabrication 12,000 direct hours
  • Assembly 18,000 direct hours

b. Determine the departmental factory overhead rates for both departments.

  • Fabrication $270,000 / 12,000 direct hours = $22.50 per direct labor hour
  • Assembly $126,000 / 18,000 direct hours = $7 per direct labor hour

c. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.

  • Speedboats = $22.50 + $7 = $29.50
  • Bass boats = $22.50 + $14 = $36.50

Explanation:

total overhead expense $396,000

  • Fabrication $270,000
  • Assembly $126,000

speedboats (6,000 units)

  • Fabrication 1 hour x 6,000 = 6,000 hours
  • Assembly 1 hour x 6,000 = 6,000 hours

bass boats (6,000 units)

  • Fabrication 1 hour x 6,000 = 6,000 hours
  • Assembly 2 hours x 6,000 = 12,000 hours

8 0
3 years ago
Floormart had $500,000 in revenue in 2019. They anticipate revenue growth of 10% each year. If they achieve this goal, what will
marissa [1.9K]

Their revenue will be 6.05 * 105 based on the given conditions.

<h3>What do you mean of revenue?</h3>

1 : the total income produced by a given source a property expected to yield a large annual revenue.

2 : the gross income returned by an investment.

3 : the yield of sources of income (as taxes) that a political unit (as a nation or state) collects and receives into the treasury for public use.

<h3>What is revenue example?</h3><h3>Types of revenue include:</h3>

The sale of goods, products, or merchandise.

The sale of services, such as consulting.

Rental income from a commercial property (notice the use of “income”) The sale of tickets to a concert.

Learn more about revenue here:

<h3>brainly.com/question/18093303</h3><h3 /><h3>#SPJ4</h3>
6 0
1 year ago
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