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ladessa [460]
3 years ago
9

You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 6.0%

. If the securities in which the fund invested increased in value by 10% during the year, and the fund's expense ratio was 1.5%, your return if you sold the fund at the end of the year would be
Business
1 answer:
Feliz [49]3 years ago
3 0

Answer:

1.99%

Explanation:

Calculation for your return if you sold the fund at the end of the year

Return={[$20 * (100%-6%) * (1.10 - .015)] -$20}/$20

Return={[$20 * .94 * (1.10 - .015)] -$20}/$20

Return = 1.99%

Therefore your return if you sold the fund at the end of the year would be 1.99%

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Provo, Inc. has an estimated annual tax rate of 35% in the first quarter of 2021. Pretax income for the first quarter was $300,0
Alex Ar [27]

Answer:

$105,000

Explanation:

Calculation for How much income tax expense is recognized in the secound quarter of 2021

Secound quarter income tax expense=$300,000 × .35

Secound quarter income tax expense= $105,000

Therefore How much income tax expense is recognized in the secound quarter of 2021 is $105,000

5 0
3 years ago
1. Fundamentals of consumer choice Suppose that a glass of acai berry juice at Beth's gym cafeteria costs as much as a can of so
djyliett [7]

Answer:

The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.

Explanation:

Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.

3 0
4 years ago
An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a:
NNADVOKAT [17]

An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a single step income statement.

A financial statement that outlines the company's revenue and outlays is called an income statement. It also displays a company's profitability or loss over a specific time frame. You can better comprehend the financial health of your company by using the income statement, balance sheet, and cash flow statement.

An overview of a company's revenue and expenses is provided by a single-step income statement. This uncomplicated report simply summarizes a company's bottom-line net income, expenses, and revenue.

Learn more about income statement here brainly.com/question/24498019

#SPJ4

8 0
2 years ago
The _ leader is never able to completely turn loose of the decision making authority of the management position.
zvonat [6]

It should be noted that Consultative leader is never able to completely turn loose of the decision making authority of the management position.

<h3>What is Consultative leadership?</h3>

Consultative leadership can be regarded as a leadership style which focus on team building as well as making skills of others in making decisions.

Therefore, with Consultative leadership, decision can be made.

Learn more about Consultative leadership at;

brainly.com/question/25927714

3 0
2 years ago
A company’s dividend is expected to grow at 20% for the next six years. After that, the growth is expected to be 3% forever. If
Fittoniya [83]

Answer:

Price of share at end of year 6 = $43.94

Explanation:

Provided information we have,

Current dividend = $1

Growth rate for 6 years = 20%

Dividend at end of year 6 = $1 \times Future value factor of $1 @ 20%  for 6 years = $1 \times 2.985984 = $2.986 rounded off

After this dividend is supposed to grow at 3% thus Dividend at end of year 7 = $2.986 + 3% = $3.076

Therefore, using dividend growth model we have,

P_6 = \frac{D_7}{Ke - g}

Where P6 = price at end of period 6 = to be calculated

D7 = Dividend paid at end of year 7 = $3.076

Ke = Required rate of return = 10%

g = constant growth rate = 3%

Thus, P_6 = \frac{3.076}{0.10-0.03}

P6 = $43.94

Thus, price of share at end of year 6 = $43.94

4 0
3 years ago
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