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Hoochie [10]
2 years ago
8

The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was 1.1% and the management fee

was .7%.a. What were the total fees paid to the fund's investment managers during the year?b. What were the other administrative expenses?
Business
1 answer:
kvasek [131]2 years ago
6 0

Answer: A. $15.4 Million

B. $8.8 million

Explanation:

a. What were the total fees paid to the fund's investment managers during the year?

This will be:

= Average daily assets × Management fee

= $2.2 billion × 0.7%

= $15.4 million

b. What were the other administrative expenses?

The total expense that's incurred for managing the fund will be:

= $2.2 billion × 1.1%

= $24.2 million

Therefore, the other administrative expenses will be:

= $24.2 million - $15.4 million

= $8.8 million

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weqwewe [10]
Given:
ΔY = $5,000, the change in income
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By definition,
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Answer:
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3 years ago
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6 0
1 year ago
Pacific Packaging's ROE last year was only 3%, but its management has developed a new operating plan that calls for a debt-to-ca
777dan777 [17]

Answer:

Explanation:

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3.2= 14000000/Total assets

Total assets = 4375000

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3 years ago
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Answer:

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5 0
2 years ago
A ___ in the money supply will cause interest rates to decrease which in turn causes spending to come ?
vitfil [10]

Answer:

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