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adell [148]
3 years ago
7

An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price?

(Round your answer to 2 decimal places.)
Business
1 answer:
Allushta [10]3 years ago
7 0

Answer:

$13.80

Explanation:

Calculation to determine the offering price

Using this formula

Offering Price = NAV/1-load

Let plug in the formula

Offering Price = $12.70/1-0.08

Offering Price =$12.70/0.92

Offering Price = $13.80

Therefore the offering price is $13.80

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Kohl's Corporation decided to discontinue its Kohl's credit card operations. What factors would this department store company ha
mart [117]

Answer:

The most likely factor that this department store company would have considered in discontinuing its credit card operations is the issue of bad debt.

Bad debt may likely have prevented them from making the required profit to cater for the needs of the company such as payment of salaries and purchase of goods which if not treated may lead to the collapse of the company.

3 0
3 years ago
The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginn
ANTONII [103]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $19,500

Ending Finished Goods Inventory$18,000

Cost of Goods Manufactured $126,800

To calculate the cost of goods sold we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 19,500 + 126,800 - 18,000= $128,300

6 0
3 years ago
Julie Martin is investing $26,600 in the Invesco Charter mutual fund. The fund charges a 4.50 percent commission when shares are
Sergeeva-Olga [200]

Answer:

$1,264.50

Explanation:

Calculation for the amount of commission Julie must pay.

Using this formula

Commission=Investment amount× Fund charges percentage

Let plug in the formula

Commission= $28,100 × 0.045

Commission= $1,264.50

Therefore the amount of commission Julie must pay is $1,264.50

6 0
2 years ago
Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentslong dash​
Kamila [148]

Answer:

<em>Equivalent unit for conversion cost= 31,280 units</em>

Explanation:

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work</em>

Equivalent unit = Degree of completion × number of units

<em>Equivalent unit for conversion cost</em>

Item                                    units                                       Equivalent unit

transferred                       29,000        100%× 29,000    =          29,000

Closing inventory                3,000          76%×  3,000   =           <u> 2280 </u>

Total equivalent unit                                                                    <u>31,280</u>

<em>Equivalent unit for conversion cost= 31,280 units</em>

3 0
3 years ago
In a command economy, Individuals fellow thir self-interest without government intervention True or False
GarryVolchara [31]

Answer:

false

Explanation:

command economy is the same as a planned economy where the prices and incomes are decided and fixed by the central government

5 0
3 years ago
Read 2 more answers
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