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2 years ago

Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.

Business

1 answer:

kolezko [41]2 years ago

3 0

Answer: a. $14.9

b. $3725

Explanation:

a. What is the offer price?

This will be calculated as:

= NAV / (1 - load charge %)

= 13.85 / (1 - 7%)

= 13.85 / (1 - 0.07)

= 13.85 / (0.93)

= $14.9

B. What did Lee pay for his investment?

This will be:

= Number of shares bought × Offer price

= 250 × $14.9

= $3725

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An analyst is considering an investment in Treetops Inc. and has gathered the following information. What is the expected return

lesantik [10]

Answer:

Expected Return =

Recession = ( 20/100)* 20% = 4%

Steady = (40/100)*10% = 4%

Boom = ( 40/100) * 35% =<u> 14%</u>

Expected Return = <u> 22%</u>

there is no answer in the option. The correct answer is 22%.

Explanation:

Expected return of share is the summation of probability multiply by the return expected in a situation of the economy.

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3 years ago

Dubberly Corporation's cost formula for its manufacturing overhead is $31,600 per month plus $52 per machine-hour. For the month

Ganezh [65]

Answer:

The activity variance for manufacturing overhead in March would be closest to $6240

Explanation:

As per given Data

Total overheads = $31,600 + (Machine hours x $52)

Bu using this equation we will calculate the activity variance

Planned machine hours = 8,100 hours

Placing value in the formula

Planned Manufacturing overheads = $31,600 + ( 8,100 hours x $52 )

Planned Manufacturing overheads = $452,800

Actual machine hours = 7,980 hours

Applied Manufacturing overheads = $31,600 + ( 7,980 x $52 )

Applied Manufacturing overheads = $446,560

Activity Variance for manufacturing overhead = Planned Manufacturing overheads - Applied Manufacturing overheads

Activity Variance for manufacturing overhead = $452,800 - $446,560 = $6,240

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3 years ago

Finisher Inc. sells merchandise of $250,000 in 2020 that includes a three-year limited warranty. Warranty costs are estimated to

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Answer: See explanation

Explanation:

a. Record the warranty accrual at the time of sale in 2020.

Debit Warranty expense = $250,000 × 1% = $2,500

Credit Warranty Liability $2,500

(To record the warranty accrual)

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2 years ago

In most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed

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Answer: disaffirm

Explanation:

most cases, whether the contract has not yet been performed (an executory contract) or has been fully performed (an executed contract), the minor may disaffirm the contract.

It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

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3 years ago

You get a 15% discount if you buy a new range listing at $924.95 and a new freezer listing at $12,695.95 on the same bill. What

ale4655 [162]

Answer:

a)$2,043.14

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2 years ago