1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ikadub [295]
3 years ago
7

A sector fund specializing in commercial bank stocks had average daily assets of $3.7 billion during the year. This fund sold $1

.58 billion worth of stock during the year, and its turnover ratio was .42. How much stock did this mutual fund purchase during the year
Business
1 answer:
Alex_Xolod [135]3 years ago
7 0

Answer:

$1.554 billion

Explanation:

Turnover Ratio = Purchases / Average Inventory

0.42 = Purchases / $3.7 billion

Purchases = $3.7 billion * 0.42

Purchases = $1.554 billion

So, the value of stock that the mutual fund purchase during the year is $1.554 billion

You might be interested in
You are meeting to discuss the proper categorization of marketing strategy costs in the monthly department budget performance re
Scilla [17]

Answer:

C)

Explanation:

I'm not too sure but I think they can all change really depending on the circumstances. hope that helped!

7 0
3 years ago
A key factor in evaluating the target market's attractiveness is the market's desire for alternative/natural solutions because t
Iteru [2.4K]

Answer:

c. Athletes

Explanation:

Based on the information provided within the question it can be said that you should target Athletes. This is because you are offering turmeric meal replacement bars as an alternative natural treatment. Out of all the answers provided Athletes are the ones who would be most interested in this since they need to consume natural food and meals in order to maintain their health and performance.

3 0
3 years ago
Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accou
Vladimir79 [104]

The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules.

Answer: Option D

<u>Explanation:</u>

IESBA stands for the international ethics standards board for the accountants. As clear from the full form, this board performs the activities of setting up the ethics which the accountants need to follow while they are performing their work of making the accounts.

This body is not a national level but established at an international level. The other body which is the AICPA also needs to adopt the rules which are as restrive as the ethics of the IESBA.

5 0
3 years ago
Dyed-Denim Corporation is seeking to lower the costs of value creation and achieve a low-cost position. As a result, it plans to
Pavlova-9 [17]

Answer:

The correct answer is location economies

Explanation:

Location economies refers to a situation where goods are produced under the optimal economic conditions.

In determining this location,companies usually consider cultural,economic and legal perspectives,in that they are able to locate their manufacturing outfits where the combination of these factors is most favorable.

The ease of transporting output and trade barriers are also examined such that the goods produced can be transported to consuming nations all around the world without logistics headache or trade sanctions.

8 0
3 years ago
Antique Brass Company has budgeted sales volume of 127 comma 000 units and budgeted production of 110 comma 000 ​units, while 30
olga55 [171]

Answer:

13,000 units

Explanation:

The excess of budgeted sales over budgeted production = 127,000 - 110,000 = 17,000 units. In other words, this is the number of units that the company will be in short of.

The company has 30,000 units in beginning inventory, thus the amount of ending finished goods inventory will be = 30,000 - 17,000 = 13,000 units

7 0
3 years ago
Other questions:
  • Horrified at the high price for the flu vaccine decides to set a price ceiling at $60.what are the results of this ceiling
    7·1 answer
  • What is the difference between anomaly based monitoring and signature based monitoring?
    10·1 answer
  • Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one o
    15·1 answer
  • Briefly describe variable, fixed, mixed, and step costs, and indicate how the total cost function of each changes as activity in
    9·1 answer
  • The result of market research are used to identify the for a product
    10·1 answer
  • You are one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all
    5·1 answer
  • Service providers should refrain from asking feedback from customers to save time that can be used to provide better service qua
    15·2 answers
  • Br.uh + meme =jhhbn b bbv v
    15·2 answers
  • g The following information relates to XYZ Company: January 1, 2023: Liabilities ............... $137,000 Retained earnings ....
    14·1 answer
  • List four sources you can use to locate job leads
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!