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irina1246 [14]
2 years ago
10

3. At the beginning of trading on April 20, an open-end mutual fund with 7,000 shares outstanding owned 4,000 shares of Allstate

and 6,000 shares of The Hartford. During the day, an investor bought 150 shares of the mutual fund. The fund manager bought 140 shares of Allstate with the proceeds from the sale of the mutual fund shares. At the end of trading on April 20, Allstate was selling for $125.10 and The Hartford was selling for $68.35. What was the mutual fund's net asset value (NAV) at the end of trading on April 20
Business
1 answer:
Mazyrski [523]2 years ago
4 0

Answer:

$129.79

Explanation:

<u>Assets of mutual funds</u>

Shares of Allstate = Total Shares * Selling Price

Shares of Allstate = [4000 + 140] * $125.10

Shares of Allstate = $517,914.

Shares of Hartford = Total Shares * Selling Price

Shares of Hartford = 6000 * $68.35

Shares of Hartford = $410,100.

Net Asset Value = Shares of Allstate + Shares of Hartford

Net Asset Value = $517,914 + $410,100

Net Asset Value = $928,014

Numbers of shares outstanding = 7,000 + 150

Numbers of shares outstanding = 7,150

Net Asset Value per Share = Net Asset Value / Numbers of shares outstanding

Net Asset Value per Share = $928,014/7,150

Net Asset Value per Share = $129.79

So, the mutual fund's net asset value (NAV) at the end of trading on April 20 is $129.79.

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Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel  

40,000 *1hr = 40,000      

   

Direct labor hrs for Truck      

10,000 * 3hr= 30,000      

   

total direct labor hrs 40,000+30,000 = 70,000  hrs

Overhead rate is total est oh cost/ total direct labor hrs    

770,000/70,000= 11.00    

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

6 0
3 years ago
How is Change Management related to Baselining?
zheka24 [161]

Answer:

hope it helps..

Explanation:

Change management is an important part of project management in which the original project plan, represented by the baseline, is used to measure and assess project execution. ... The initial baseline is created by copying the data from the project after the project plan is completed, prior to starting.

8 0
3 years ago
Marco, Jaclyn, and Carrie formed Daxing Partnership (a calendar-year-end entity) by contributing cash 10 years ago. Each partner
kirill [66]

a. The hot assets per Section 741(a) for this sale are as follows:

i. Accounts receivable

ii. Inventory

iv. Potential depreciation recapture in the equipment

b. Marco's gain or loss on the sale of his partnership interest is $33,000.

c. The character of Marco's gain or loss is <u>iv. $33,000 capital gain</u>.

<h3>What is a partnership interest?</h3>

A partnership interest refers to a partner's ownership and benefits that accrue from the partnership.

The partnership interest entitles the partner to participate in the distribution of profits and losses arising from the partnership business.

<h3>Data and Calculations:</h3>

Each partner's outside basis = $104,000

Sale proceeds of Marco's partnership interest = $137,000

Gain = $33,000 ($137,000 - $104,000)

Thus, Marco, who sold his partnership interest to Ryan, had a capital gain of $33,00 because of the difference between the sale proceeds and the partner's adjusted basis in the partnership interest.

Learn more about partnership interests at brainly.com/question/14835194

4 0
2 years ago
A department store uses a perpetual inventory system. At year-end, it shows a balance in the merchandise inventory account of $2
defon

Answer:

will probably indicate less than $2 million in merchandise on hand.

Explanation:

Perpetual inventory system is when information regarding quantity and availability in inventory of a business is continuously updated. Sale or purchase big inventory is recorded immediately with the use of computerised point of sale systems.

The department store uses a perpetual inventory system. At year-end, it shows a balance in the merchandise inventory account of $2 million. The physical inventory will probably be less than $2 million because it adjust its records to make the recorded inventory amount agree with the actual inventory on hand at end of year.

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3 years ago
The advertisement displays a graph representing a company's profits. What kind of appeal is the advertisement making? A.) Pathos
torisob [31]
Logos is the right answer


7 0
3 years ago
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