2020 (RM) 2019 (RM) 2018 (RM) Investment Income 45,335,069 13,237,244 19,474,895 Expenses -6,039,755 -2,270,688 -1,853,602 Net Income before taxation 39,295,314 10,966,556 14,621,293 Net Income after taxation 39,335,238 10,953,497 17,551,931 2020(RM) 2019 (RM) 2018 (RM) Total Investments 501,519,061 154,032,209 84,711,928 Other Assets 6,732,463 9,085,056 3,173,994 Total Assets 508,251,524 163,117,265 87,885,922 Total Liabilities -3,411,047 -2,276,421 -255,684 Number of Unit in Circulation 500,000,000 500,000,000 500,000,000 NAV/Unit Holder’s Capital per share 1. Based on the historical financial highlights extracted of statement of income and expenditure, calculate the Net Asset Value (NAV) per share of the respective funds? b. If growth, income, and capital preservation are the primary objectives of mutual funds, why do we bother to categorize funds by type? Do you think such classifications are helpful in the fund selection process? Explain.
2020 (RM) 2019 (RM) 2018 (RM) Investment Income 45,335,069 13,237,244 19,474,895 Expenses -6,039,755 -2,270,688 -1,853,602 Net Income before taxation 39,295,314 10,966,556 14,621,293 Net Income after taxation 39,335,238 10,953,497 17,551,931 2020(RM) 2019 (RM) 2018 (RM) Total Investments 501,519,061 154,032,209 84,711,928 Other Assets 6,732,463 9,085,056 3,173,994 Total Assets 508,251,524 163,117,265 87,885,922 Total Liabilities -3,411,047 -2,276,421 -255,684 Number of Unit in Circulation 500,000,000 500,000,000 500,000,000 NAV/Unit Holder’s Capital per share 1. Based on the historical financial highlights extracted of statement of income and expenditure, calculate the Net Asset Value (NAV) per share of the respective funds? b. If growth, income, and capital preservation are the primary objectives of mutual funds, why do we bother to categorize funds by type? Do you think such classifications are helpful in the fund selection process? Explain.
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 25P: LO.2 Oak Corporation has the following general business credit carryovers. If the general business...
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| 2020 (RM) | 2019 (RM) | 2018 (RM) | |
| Investment Income | 45,335,069 | 13,237,244 | 19,474,895 |
| Expenses | -6,039,755 | -2,270,688 | -1,853,602 |
| Net Income before |
39,295,314 | 10,966,556 | 14,621,293 |
| Net Income after taxation | 39,335,238 | 10,953,497 | 17,551,931 |
| 2020(RM) | 2019 (RM) | 2018 (RM) | |
| Total Investments | 501,519,061 | 154,032,209 | 84,711,928 |
| Other Assets | 6,732,463 | 9,085,056 | 3,173,994 |
| Total Assets | 508,251,524 | 163,117,265 | 87,885,922 |
| Total Liabilities | -3,411,047 | -2,276,421 | -255,684 |
| Number of Unit in Circulation | 500,000,000 | 500,000,000 | 500,000,000 |
| NAV/Unit Holder’s Capital per share |
1. Based on the historical financial highlights extracted of statement of income and expenditure, calculate the Net Asset Value (NAV) per share of the respective funds?
b. If growth, income, and capital preservation are the primary objectives of mutual funds, why do we bother to categorize funds by type? Do you think such classifications are helpful in the fund selection process? Explain.
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