Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
what is this , do not just anyhow spam
January February
Opening Cash Balance 47000 290700
Add: Collection from Customer 331800 378100
Collection of Notes Receivable 18000
Proceeds of Sale of Security 5400
Less: Payments for Purchases 106100 141100
Cash Dividend 12700
Cash Balance 290700 520400
I'm spending all of it on the lottery here. Their would have to be a winning ticket somewhere and then once I've secured the bag, I would go from there. It's easier to budget when you have millions so honestly I'm not even trying to be funny here that is what I would do in this made up scenario.
Answer:
b.1.07
Explanation:
Investment turnover ratio determines the times when the portfolio of investment is sold during a particular period of time e.g Monthly, Annually, etc. The higher turnover results in more commission earned by the broker who is selling the portfolio.
Investment Turnover = Sales / Invested Assets
Investment Turnover = $1,228,000, / $1,150,000
Investment Turnover = 1.067826
Investment Turnover = 1.07 ( Rounded off to 2 decimals places )