8. On January 2 the prices at 4:00 p.m. are as follows: Stock Shares Owned Price 1 1,000 $ 2.03 2 5,000 $ 51.37 3 2,800 $ 29.08 4 10,000 $ 67.19 5 3,000 $ 4.42 Cashn.a. $ 2,408 Calculate the net asset value (NAV) for the fund.

Formula for NAV: NAV=Market value of investments+Receivables+Accrued Income+Other Assets- Accrued…

Answered: 8. On January 2 the prices at 4:00 p.m.…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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8. On January 2 the prices at 4:00 p.m. are as follows:

Stock	Shares Owned	Price
1	1,000	$ 2.03
2	5,000	$ 51.37
3	2,800	$ 29.08
4	10,000	$ 67.19
5	3,000	$ 4.42
Cash	n.a.	$ 2,408

Calculate the net asset value (NAV) for the fund.

8. On January 2 the prices at 4:00 p.m. are as follows: Stock Shares Owned Price 1 1,000 $ 2.03 2 5,000 $ 51.37 3 2,800 $ 29.08 4 10,000 $ 67.19 5 3,000 $ 4.42 Cash n.a. $ 2,408 Calculate the net asset value (NAV) for the fund.