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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

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What is considered gross proceeds paid to an attorney.
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Answer:

$600 or more paid to an attorney in the course of your trade or business for provided legal services.

Explanation:

Hope this helps!

4 0
3 years ago
Which of the following is an example of positive technological​ change? Positive technological change occurs when
Ivenika [448]

Answer:

The correct answer is C

Explanation:

Positive technological change or variation occurs or happen when the business or the firm is able to produce or manufacture more amount of output by using the same amount of inputs or the same output which have the fewer inputs.

The example of positive technological change occurs when the firm or the business installs the faster machinery and makes the firm more profitable through increasing the revenue.

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3 years ago
Kiwi Plc sold an antique painting which had been purchased inJanuary 1996 for £21,000. It was sold for £4,200 in January 2021. T
Hitman42 [59]

Answer:

$17,450

Explanation:

The antique painting that was bought in January 1996 was sold for $21,000

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Therefore the allowable loss can be calculated as follows

= 21,000-4200+650

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3 years ago
This leadership style can be seen by some employees to be lazy.Immersive Reader
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Free-Rein Leadership Style

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4 0
3 years ago
Which of the following is a pair of events which are mutually exclusive?
Lemur [1.5K]

Answer:

C. Sleeping in late and waking up early.

Explanation:

Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.

Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.

1. Rolling a 4 on a six-sided die and on a four-sided die

It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive

2. Making rice and making corn

This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils

3. Sleeping in late and waking up early

This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.

You sleep early to wake early and you sleep late to wake late.

4. Going to work and riding the bus.

This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.

So, option C is the correct answer

4 0
3 years ago
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