You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth.
Q: For calendar 2020, Marvel Corporation, Inc., reported depreciation expense of $900,000 on its income…
A: Deferred tax liability is a tax obligation that accumulated in one year but is due to be adjusted in…
Q: ABC Juice Limited manufactures and sells juice locally in St. Lucia and in the Caribbean. The…
A: VAT (Value Added Tax) reflects the tax rate applied to goods and services. The standard rate of VAT…
Q: please answer with full explanation computation describe each and every step 1. A company bought a…
A: Depreciation is the allocation of cost of asset over the useful life of the asset. Several methods…
Q: Ortiz Co. had the following account balances: Sales revenue $ 440,000 Cost of goods sold 220,000…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: 14. Stock Dividends. (Obj. 1) In 1999, Patrick paid $1,200 for 100 shares of UPI common stock. In…
A: A dividend is a monetary or non-monetary reward offered to shareholders by a company. Dividends can…
Q: Shrek Inc., had issued subscriptions for common shares on March 1, 2020. 40% of the subscription was…
A: Amount received on first installment (ie, 40% of subscription) = $446,400 Therefore, the total…
Q: It means income (in the broad sense) excluding income which is by statutory provisions or otherwise…
A: Exempted Income: When it comes to taxation, exempt incomes are incomes that are not taxable under…
Q: On the date of incorporation, the condensed balance sheet of Alom Partnership showed the following:…
A: Shareholders equity is the total amount attributable to the shareholders of the company. It includes…
Q: A company issued 30 shares of $.50 par value common stock for $12,000. The credit to additional…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: The following data apply to Stratford Ltd: Direct materials inventory, beginning of the year $5,500…
A: Formula: Direct materials used = Beginning Direct materials + Purchases during the period - Ending…
Q: lecommunication Ivage value at the on charge during t
A: Several methods are used for charging of depreciation like straight line method, double declining…
Q: K, B, and L are partners in a partnership who agree to form a corporation. Their capital balances…
A: Partnership Accounting
Q: Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated…
A: The balance sheet tells about the financial position of the business with assets , liabilities and…
Q: Does every company have both a controller and a treasurer? Explain.
A: Controller: It is a top-level manager who is responsible to handle the accounting of the company. It…
Q: On December 31, 2018, the company posted an eding capital of 30 million. the following yer, the…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Given the following information, compute the current ratio Cash $ 120,000 Accounts receivable…
A: Introduction: Current ratio: Current ratio tells the ability of the company to pay short term…
Q: Wardell Company purchased a mainframe on January 1, 2019, at a cost of $48,000. The computer was…
A: As per IAS 8 accounting policies, changes in Accounting estimates and errors a change in residual…
Q: After learning how to value a stock in his Corporate Finance class, Mark Stark decided to put his…
A: The constant growth rate model determines the cost of capital by assuming that the dividend will…
Q: 9 Consider each of the following independent transactions. How will each of these transactions…
A: ROE = Income/Equity Current Ratio = Current Assets/Current Liabilities Debt/Equity = Debt/Equity…
Q: a. Working capital. b. Current ratio. (Round your answers to 2 decimal places.) c. Quick ratio.…
A: Solution:- a)Calculation of Working capital as follows under:- Working capital is the difference…
Q: Appendix: EPR Rachelle Razer has taken a job as production superintendent in a plant that makes,…
A: EPR is determined by taking under-root of the division of multiple of 2, annual quantity, and set up…
Q: You are at a company picnic and the company president starts a conversation with you. The president…
A: Perpetual inventory system under perpetual inventory system the every movement of inventory is…
Q: Montello Inc. purchases a delivery truck for $14,000. The truck has a salvage value of $2,000 and is…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: Requirements: 1. Complete the worksheet for the James Island Clothing Company, filling in the…
A: Statement of cash flows is one of the financial statement which analyses cash inflows and cash…
Q: trate the effects of accepting the note from Valley Designs on the accounts and financial statements…
A: Concept of Accounting of note
Q: On the date of incorporation, the condensed balance sheet of Alom Partnership showed the following:…
A: Partnership means where two or more person comes together to do some common business activity and…
Q: condensed balance sheet of Alom Partnership showed the following: Cash P 28,000 Other…
A: Paid in capital is total amount received from issuance of ordinary shared and preference shares.…
Q: male size). Revenu and cost data rela ts per year. The fixed costs included in commission and Tk.…
A: To make the decisions regarding the acceptance or rejection of the special orders, the company…
Q: Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: Jack is a 20% partner in a service partnership. His outside basis is $80,000 on January 1st of 2021.…
A: given Jack is a 20% partner in a service partnership. His outside basis is $80,000 on January 1st…
Q: Flanagan Concrete owns equipment with a book value of $3,500,000. The equipment is estimated to…
A: Impairment loss = Carrying value of the assets - Recoverable value of the assets where, The…
Q: Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are…
A: Calculation of net assets value are as follows
Q: On June 23, 200C, Pinoy Trading owned and operated by Phil was incorporated. On this date, the…
A: Shareholders equity is one of the important element of balance sheet of the business. It means total…
Q: Distinguish among a budget, a performance report, and a variance. Question content area…
A: Introduction:- Budgeting plays vital role in every organization or business or company or person. it…
Q: On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned…
A: Tax is the amount which is to be paid to the tax authorities of a nation.
Q: On February 1, Crown Company purchased $2,000 of merchandise, terms 2/10, n/30. Crown uses the gross…
A: Under the Gross method of purchases, Purchases are booked at Gross value. Discount amounts are not…
Q: Exercise: Preparation of Statement of Comprehensive Income (SOCI) and Statement of Financial…
A: Financial statements are those statements which are prepared at the end of accounting period for the…
Q: You are required to calculate the cost per unit of each product A and B based on: (0) Traditional…
A: Solution:- i)Calculation of Traditional method of charging overheads as follows under:-
Q: Which of the following are Cash Outflows from Investing?
A: The cash flow statement shows the cash inflow and cash outflow from the operating activities,…
Q: The Audit Log tracks: a. Additions to our QBO records b. Modifications to our QBO records c.…
A: Introduction:- Audit log type of document, which record or stores information and to Identify what…
Q: Rip-Off Fuels Inc. is an operator of gas stations. On March 1, 2022, they issued subscriptions for…
A: Journal entries shows the recording of transaction during an accounting year
Q: A pension plan paid out benefits amounting to $343,200 during the year to retired plan members.…
A: Whenever any benefit is to be paid to member in future out of pension plan,we create 2 things in…
Q: a. Determine the profit margin for each segment. Round to one decimal place. Profit margin…
A: Solution:- a)Determine the profit margin for each segment as follows under- Profit margin =Operating…
Q: Which of the following statements regarding corporate earnings and profits (E&P) is correct? a…
A: Accumulated Corporate earnings and profits (E&P) is an accounting term applicable to…
Q: The Audit Log tracks: b. a. Additions to our QBO records Modifications to our QBO record Deletions…
A: Audit log is type of document in information system that keep the record of events happening in the…
Q: Problem 1-13 (PHILCPA Adapted) At year-end, ABC Company reported cash account per ledger at P4,…
A: Option B 3,950,000
Q: QUESTION 20 In the current year, Jane's mother died and willed her a ring. The ring's fair market…
A: For tax reasons, the amount of capital investment in property is referred to as the basis. In most…
Q: XYZ company provided the following information: Sales $30,000 3,000 Accounts payable Selling…
A: Introduction: Gross profit: Deduction of cost of goods sold from the sales value derives the Gross…
Q: Notes Receivable Water Closet Co. wholesales bathroom fixtures. During the current year ending…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: On January 1, 2017, Mae Company, an SME, purchased a patent for P7,140,000. The patent is being…
A: Patent is one of the intangible asset being held by the business. This type of assets can not be…
You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth.
Step by step
Solved in 2 steps
- You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth. % Sandra WilliamsIf a mutual fund's net asset value is $24.00 and the fund sells its shares for $25.20, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places. %You purchase a mutual fund for $17.23 The fund's NAV is $17.00 (the load fee was .23 cents). The NAV subsequently rises to $22.00, and you redeem the shares. What is the percentage return on your investment
- An investor buys Go-Go Mutual Fund on January 1 at a net asset value of GHS21.20. At the end of the year, the price is GHS25.40. Also, the investor receives GHS0.50 in dividends and GHS0.35 in capital gains distributions. What is the total percent return on the beginning net asset value?An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a capital gain of $1.1, and charges a fee of $3 when the fund is sold one year later for $95.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))A mutual fund has a current offering price of $53.21. What is the net asset value if the fund charges a 3 percent front-end load? A. $51.61 B. $51.66 C. $54.57 D. $54.86 E. $54.91
- Calculate the total cost in dollar proceeds and dollars total gain or loss in dollars and return on investment for the mutual fund investment. The offer price is the purchase price of the shares and the net asset value is the price at which the shares were later sold. Round your return on investment to one decimal place.?You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.28, find the sale charge percent. Round to the nearest tenth. % Need Help? Read It Watch It Master ItAn investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a dividend of $0.57, and after the distribution the net asset value of a share is $24.04. What is the investor's percentage return on the investment? Round your answer to two decimal places.
- An open-end fund has a net asset value of $10.20 per share. It is sold with a front-end load of 4%. What is the offering price? (Round your answer to 2 decimal places.) Offering priceAn open-end fund has a net asset value of $16.70 per share. It is sold with a front-end load of 3%. Required: What is the offering price? Note: Round your answer to 2 decimal places.If a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value?