Answer: B) $13.89 per share
Explanation:
In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.
Total assets = 750 million
Total liabilities = 125 million
Current shares outstanding = 45 million
(750 million - 125 million)/45 million =13.89
<span>The Menendez family has a net income of $4,500. The chart shows their cost-of-living percentages. How much do they spend on transportation?</span>
Answer:
The pension expense for 2021 = $543,500
Explanation:
Service cost = $523,000
Amortization of prior service cost = $113,000
Settlement rate = 11%
Projected benefit obligation = $1,450,000
Accumulated benefit obligation = $3,600,000
Note: The necessary calculations are in the table attached as a file to this solution.
Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions
Answer:
$2,238.16
Explanation:
In the disposal of assets, gain or loss will be a comparison between the book value and the selling price.
Book value is the asset costs minus accumulated depreciation.
in this case, the book value will be
= Asset cost - Depreciation
= $31,588- $28,429.20
=$3,158.8 is the book value.
Gain or loss = selling price- book value
=$5,369.96 - $3,158.8
=$2,238.16
A gain of$2,238.16 will be gain from that sale.
