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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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Consider a firm with a daily demand of 100​ units, a production rate per day of 500​ units, a setup cost of​ $200, and an annual
podryga [215]

Answer: 980

Explanation:

The number of units of inventory that the storage area must be able to​ hold will be calculated as:

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We then use the economic order quantity formula to solve and the answer will be gotten as 1225

The maximum inventory will now be:

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2 years ago
At the beginning of the year, Kimball Company had total assets of $700,000 and total liabilities of $400,000. If the total asset
svlad2 [7]

Answer:

$ 480 000

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Assets : $700 000(@ beginning of year )

$100 000 increase (during year )

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Liabilities : $400 000(@ begininng of year )

$80 000 decrease (@ during of year)

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Asset = Equity + Liability

Amount of owner’s equity at the end of the year (let x = owners equity)

800 000= x + 320 000

x= 800 000 - 320 000=$480 000

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