You want to purchase a mutual fund that has $803 million in assets and $26 million in liabilities. There are 11 million shares outstanding. The fund charges a 5.68 percent front-end load and has a redemption fee of 4.26. What is the offering price you will pay to purchase the shares?
Answers
To calculate the offering price you will pay to purchase the shares, you need to consider the front-end load and the redemption fee. Therefore, the offering price you will pay to purchase the shares is 74.8282.
First, let's calculate the total value of the fund's assets minus liabilities. The net assets would be 803 million - 26 million = 777 million.
Next, divide the net assets by the number of shares outstanding to get the net asset value (NAV) per share. So, 777 million / 11 million shares = 70.6364.
To determine the offering price, you need to factor in the front-end load. The front-end load is a percentage of the offering price, which means the offering price is equal to the NAV divided by (1 - front-end load percentage).
In this case, the front-end load is 5.68 percent, so the offering price would be 70.6364 / (1 - 0.0568) = 74.8282.
Finally, we need to consider the redemption fee. The redemption fee is a percentage deducted from the redemption price when you sell the shares. Since we are purchasing the shares, the redemption fee is not relevant to the offering price.
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Related Questions
Cooperatives save members money by
O purchasing supplies and services as a group.
securing financing from banks as a group.
O charging more to sell their products as a group.
O sharing all profits democratically as a group.
Answers
Answer: A
Explanation: by purchasing supplies and services as a group
Cooperatives save members money by purchasing supplies and services as a group securing financing from banks as a group.
What are cooperatives?Cooperatives are a type of financial institution that is owned and run by members of the cooperative. Each member in the cooperative have equal rights and privileges.
Members in a cooperative save their money and this money is lent out to members at a low level of interest rate.
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Tammy, a resident of Virginia, is considering purchasing a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. She is aware that the State of Virginia bonds of comparable risk are yielding 4.5%. However, the Virginia bonds are exempt from Virginia tax, but the North Carolina bond interest is taxable in Virginia. Which of the two options will provide the greater after-tax return to Tammy? Tammy can deduct any state taxes paid on her Federal income tax return.
Answers
What is working capital?
Answers
Answer:
Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.
NWC is a measure of a company’s liquidity and short-term financial health.
A company has negative NWC if its ratio of current assets to liabilities is less than one.
Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.
High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.
Explanation:
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answer:
the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities
In what order do managers typically perform the managerial function?
Answers
Answer and Explanation:
As we know that the managerial functions are as follows:
1. Planning
2. Organizing
3. Leading
4. controlling
In this way it should be perfomed by the managers so that the company goals and objectives should be accomplished within the prescribed time and if there is any discrepancy so it would be corrected before time
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
an extracurricular activity
a career and technical student organization
a professional organization
a cocurricular activity
Answers
Answer:
a professional organization
Explanation:
A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.
A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.
Answer:
C
Explanation:
How does a subscription business model function?
A. By asking the government to tax the customers
B. By relying on a series of one-time sales
C. By relying on contracts that bring in a predictable source of
revenue
D. By asking customers to pay costs to the government
Answers
Answer:
B.
Explanation:
Ice-skating rinks and bowling alleys are part of which sector of the sport management industry?
Answers
Ice-skating rinks and bowling alleys are part of the participation sector of the sports management industry
First, sport refers to any activity that involves physical activity and skill. Here two or more parties compete with each other. Sport is an integral part of human life and is of great importance in all areas of life. In addition, sports help shape a person's character and personality.
Sport is very important for every human being, it keeps the body fit and strong. It is very important in every stage of life. It also enhances people's individuality. Sport keeps all organs active, and regular exercise strengthens the heart.
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Ou are considering a stock investment in one of two firms (NoEquity, Inc. , and NoDebt, Inc. ), both of which operate in the same industry and have identical EBITDA of $38. 0 million and operating income of $29. 5 million. NoEquity, Inc. , finances its $40 million in assets with $39 million in debt (on which it pays 10 percent interest annually) and $1 million in equity. NoDebt, Inc. , finances its $40 million in assets with no debt and $40 million in equity. Both firms pay a tax rate of 21 percent on their taxable income. Calculate the net income and return on assets—funders’ investments—for the two firms
Answers
NoDebt, Inc. has a higher net income and return on assets compared to NoEquity, Inc i.e. $20.22 million and $40 million respectively.
To calculate the net income and return on assets for the two firms, we first need to determine their taxable income, interest expense, and net income.
For NoEquity, Inc.:
Taxable income = operating income - interest expense
Taxable income = $29.5 million - ($39 million x 0.10) = $25.6 millionTaxes = $25.6 million x 0.21 = $5.38 million
Net income = $25.6 million - $5.38 million = $20.2 millionReturn on assets = Net income / Total assets
Return on assets = $20.2 million / $40 million = 0.505 or 50.5%
For NoDebt, Inc.:
Taxable income = operating income
Taxable income = $29.5 millionTaxes = $29.5 million x 0.21 = $6.20 million
Net income = $29.5 million - $6.20 million = $23.3 million
Return on assets = Net income / Total assetsReturn on assets = $23.3 million / $40 million = 0.583 or 58.3%
Therefore, NoDebt, Inc. has a higher net income and return on assets compared to NoEquity, Inc. This is because NoDebt, Inc. has no interest expense and thus has a higher taxable income, resulting in a higher net income and return on assets.
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How do I record on windows computer
Answers
Explanation:
Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.
Answer:
you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?
Explanation:
The Percy family have purchased a heavily wooded property in Northern California. They are planning to build a guest house off the main house for entertaining. In the process, many trees will need to be cleared. The family is planning to sell the wood to the neighbors as firewood. Which process applies
Answers
Answer:
severance process
Explanation:
severance process is one in which an employer grant an employee a severance pay after termination of employee's employment. This is usually inform of an agreement, and this applies to The Percy family here,
As the family is planning to sell the wood to the neighbors as firewood, the process applies is called severance process
As an entrepreneur, jill spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative
duties.
OA.
True
OB.
False
Answers
It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
Who is an enterprenuer?An entrepreneur is an individual who Identifies a gap or problem and creates a new business around it.
The persons bears most of the risks attached to the business and is more dedicated to the activities, planning and administrative work of the business.
Therefore, It is false that an enterprenuer, jill will spends the majority of her time on the more 'glamorous' activities of running a business rather than the administrative duties.
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QUESTION 41 The inefficiency associated with monopoly is due to the monopoly's profits the monopoly's losses overproduction of the good underproduction of the good QUESTION 42 A Giffen good is: O always the same as an inferior good is the special subset of inferior goods in which the substitution effect dominates the income effect is the special subset of inferior goods in which the income effect dominates the substitution effect O must have a downward sloping demand curve QUESTION 43 Assuming a monopolist is maximising profit, that is inefficient because the monopolist imposes a cost on society because the selling price is above marginal cost imposes a cost on society because the selling price is equal to marginal cost Odoes not impose a cost on society because the selling price is above marginal cost Odoes not impose a cost on society because price is equal to marginal cost. QUESTION 44 "A decrease in income, holding prices constant, can be represented as: an outward shift in the budget line with its slope becoming flatter a parallel outward shift in the budget line a parallel inward shift in the budget line a change in the slope of the budget line
Answers
Question 41: The inefficiency associated with monopoly is due to the monopoly's profits. This statement is incorrect. The inefficiency associated with monopoly is due to the reason that the monopolist has market power, which leads to reducing output and raising prices compared to the competitive market. This can result in several factors, including deadweight loss, allocative inefficiency, and higher prices to the customers, etc. Thus, the correct answer is "the underproduction of the good."
Question 42: A Giffen good is the special subset of inferior goods in which the income effect dominates the substitution effect. A Giffen good has a positive relationship between the quantity demanded and the price. That is, as the price of a Giffen good rises, its demand also rises, and vice versa. Thus, the correct answer is "the special subset of inferior goods in which the income effect dominates the substitution effect."
Question 43: Assuming a monopolist is maximizing profit, that is inefficient because the monopolist imposes a cost on society because the selling price is above marginal cost. The selling price is higher than the marginal cost of production in the case of monopoly. Due to this, the monopoly reduces output and raises the price of goods, leading to allocative inefficiency and deadweight loss. Thus, the correct answer is "because the selling price is above marginal cost."
Question 44: A decrease in income, holding prices constant, can be represented as a parallel inward shift in the budget line. Holding prices constant implies that the slope of the budget line remains the same. The inward shift of the budget line represents the decrease in income, which leads to a decrease in the quantity of goods consumed.
Thus, the correct answer is "a parallel inward shift in the budget line."
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What does the video cite as one of the greatest changes in the movie industry in recent years?
Answers
The expansion of the worldwide movie industry is listed in the video as one of the biggest changes to the film business in recent years.
If the video mentions the expansion of the worldwide film market as one of the biggest shifts the film business has seen recently, it is probably alluding to the growing significance of global markets, especially in nations like China, India, and Brazil.
Since these markets have expanded, more films are now being made with a worldwide audience in mind as opposed to merely a home one. As a result, there has been an increase in global co-productions and a concentration on producing material that is simple to translate into other languages and markets.
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Correct Question:
What does the video (a growth of the global film market) cite as one of the greatest changes in the movie industry in recent years?
An in-store computer used to apply for a job is called:
an online application.
a paper application.
an automated interviewer.
a hiring kiosk.
Answers
Answer:
a hiring kiosk.
1. Which of the following is a merchant fee?
a. Balance transfer fee
b. Daily batch fee
c. Expedited card replacement fee
d. Returned payment fee
Answers
Answer:
CCCCCCCCCCCCCCCCCC
Explanation:
trust
write any three types of continuous series??
Answers
Answer:
Exclusive series- Series in which every class interval excludes items corresponding to its upper limit.
Inclusive series- Series which includes all items up to their upper limit.
Open-end series- Series in which the lower limit of the first class interval and/or the upper limit of the last class interval is missing.
What is the future value of $6,200 invested for 23 years at 9.25 percent compounded annually? a. $41,009.13 b. $27,890.87 c. $38,991.07 d. $22,483.60 e. $47,433.47
Answers
The future value of $6,200 invested for 23 years at 9.25 percent compounded annually is $47,433.47
The formula for future values is FV= PV (1+r/n) t/n.
PV (Present Value)=$6,200.00
N (Number of Periods)=23.000
I/Y (Interest Rate)=9.250
PMT (Periodic Deposit)=$0.00
Starting Amount=$6,200.00
Total Periodic Deposits=$0.00
Future value is the value of an item or investment as from some point in the future. Alternatively, the future value is the sum amount money that an investment would be valuable, assuming a certain rate of returns after a specific time period (interest rate).
Future value is emphasized by both investors and financial planners because it enables them to predict how much an investment will be valued in the future. Concerning the financial goals, it enables the investors make smart financial decisions. As a result, both enterprises and people need to be aware of the asset's prospective worth.
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Which of the following are examples of lifelong learning?
A. lifestyle
B. reading
C. sacrifice
D. salary
Answers
Answer:
the answer is reading
Explanation:
The correct option is B. Reading is an example of lifelong learning.
This fosters cognitive growth and may prevent cognitive deficits in memory and focus brought on by aging, such as dementia.
Why reading is the key to success?It is a powerful motivator for someone to improve in life. The more a person reads, the better his comprehension and understanding skills get. The more proficient a reader he is, the simpler it will be for him to do a task. The development of a reading habit and knowledge are related.
Reading broadens your vocabulary and boosts your concentration, memory, and self-esteem. But it also aids in stress relief and hepatization, two traits that can guarantee your academic success.
Thus, Every time a reader turns a page, they continue to learn something new. New and intriguing ideas are presented to readers on a regular basis.
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Click this link to visit the O*NET page for the Zoologists and Wildlife Biologists career. Scroll down to the Skills section. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are some common work skills for Zoologists and Wildlife Biologists? Check all that apply. active listening equipment maintenance installation science critical thinking
Answers
Answer:
1,4,5
Explanation:
just did it on e2020
There are some common work skills for Zoologists and Wildlife Biologists are:
Active listening Installation science Critical thinking. Thus, option (a), (c), and (d) is correct.What is Wildlife?
While humans and domesticated animals are not considered to be considered "wildlife," living things such as birds, animals, insects, and mammals are. Brew, lion, butterfly, etc. are a few examples. Grasslands, forests, deserts, wooded areas, and plains are where you can see wildlife most often.
Active listening, applied science, and critical thinking are common work abilities for Zoologists and Wildlife Biologists. The Zoologists are founded on the skills they learn in nature. There was the based on the skills are the developed in the nature are the Zoologists.
As a result, they are some common work skills for Zoologists and Wildlife Biologists. Therefore, option (a), (c), and (d) is correct.
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Select the correct answer.
Helen is the head of the accounts department in a small business. She is calculating the various expenses that the business has incurred in the past quarter. On which asset would she need to calculate the expense of depreciation?
A. Cash
B. Inventory
C. Machinery
D. Accounts receivable
Answers
As a head of the accounts department in a small business. In machinery asset helen need to calculate the expense of depreciation. so option c is correct.
What exactly does accounting depreciation mean?Depreciation is a type of non-cash business expense that is computed throughout the time that an asset is valuable to your company. Using up a portion of an asset's worth at a cost that may be deducted from taxable income allows every organization to benefit from depreciation.
Depreciation is an accounting phrase that covers two distinct but related ideas: firstly, the real decline in an asset's fair value, such as the annual decline in the value of factory equipment.
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a firm had after-tax income last year of $3.0 million. its depreciation expenses were $0.2 million, and its total cash flow was $3.0 million. what happened to net working capital during the year?
Answers
The company's total cash flow for the year was $3 Million as opposed to $3.2 Million. It implies a cash outflow brought on by an increase in working capital requirements.
The difference between a company's current assets and current liabilities is its net working capital. Working capital management is crucial for a company's daily operations, and growing working capital needs have a detrimental impact on a company's cash flow.
Net Income = $3.0 Million
Depreciation = $0.2 Million
Total Cash Flow = $3.0 Million
Based solely on these two figures, we can estimate the company's operating cash flow as follows:
Operating Cash Flow = Net income + Depreciation
OCF = $3 + $0.2 = $3.2
Therefore, Operating Cash Flow = $3.2 Million
Because depreciation is a non-cash item, it has been added back to the income statement.
However, rather than $3.2 million, the company's overall cash flow for the year was $3.0 million. It suggests a cash outflow brought on by a rise in the need for working capital.
Net Working Capital Growth = 3.2 - 3.0 = 0.2
Gain in Net Working Capital = $0.2 Million
Notably, the cash flow also takes changes in working capital into account in addition to adjusting for non-cash and non-recurring expenses. The working capital requirements rise and the cash flows decrease. As an illustration, a rise in receivables or inventories reduces cash flow and raises the need for working capital.
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Hàm số câif và cung của một hàng hóa như sau Qd=80-10P Qs=-70+20P Xác định giá và sản lượng cân bằng trên thị trường
Answers
Answer:
Equilibrium price = $5
Equilibrium quantity = 30 units
Explanation:
Given:
Quantity demanded = Qd = 80 - 10P
Quantity supplied = Qs = -70 + 20P
Find:
Equilibrium price and quantity
Computation:
Equilibrium price and quantity
Qd = QS
So,
80 - 10P = -70 + 20P
150 = 30P
Equilibrium price = $5
Qd = 80 - 10P
Qd = 80 - 10(5)
Equilibrium quantity = 80 - 50
Equilibrium quantity = 30 units
A fee paid for using someone else’s money is called __________. A. tax B. balance C. interest D. principal
Answers
Answer:
c
Explanation:
One disadvantage of government subsidies over price controls is that subsidiesA. cause unemployment.B. make higher taxes necessary.C. prevent the attainment of equilibrium in the markets in which they are imposed.D. are always unfair to those with low incomes.
Answers
Answer:B Make higher taxes necessary
Make
Explanation:
This is because if there are subsidizes then the money must come from
When does a customer relationship being
A) when the customer complains
B) after several sales
C) before the first sale
D) when the customer fills out a survey
E) when the customer receives the merchandise
Answers
Hope it helps I remember doing a test on it and getting that right
Are you career ready? Please log back into your FOCUS2 account and take the Career Readiness Assessment. Is there a skills gap in today's college graduates in the workforce? Please write an argument whether you agree or disagree with this topic with supporting evidence, or examples defending your argument.
NewPathwaysFromCollegetoCareer-digital (002).pdf
Answers
Yes, there is a skills gap in today's college graduates in the workforce, as evidenced by the increasing disparity between employer expectations and the competencies possessed by recent graduates.
According to a survey by the National Association of Colleges and Employers, only 43% of employers considered recent graduates to be well-prepared for entry-level positions. This gap is partly due to the rapid pace of technological advancements, with many curricula failing to keep up.
Additionally, the emphasis on theoretical knowledge over practical skills and lack of opportunities for real-world experience contribute to this gap. As a result, employers often have to invest time and resources in training new hires, hindering productivity and economic growth.
Some factors contributing to the skills gap in college graduates include outdated curricula, inadequate work experience, and limited exposure to practical skills relevant to the current job market. For instance, some courses and programs may be outdated, making it challenging for students to develop the skills and knowledge required by today's employers. Moreover, the gap between what employers expect from college graduates and what they can offer is another significant concern that contributes to the skills gap in college graduates.
In conclusion, it is clear that there are valid arguments both for and against the existence of a skills gap in today's college graduates in the workforce. However, the debate on this topic is ongoing, and it is essential for college graduates to acquire the necessary skills and competencies required to succeed in the current job market.
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Suppose that the constant and perpetual cash flow is $1,000 and the discount rate is 8%. What is the value of this perpetuity?
Answers
The value of a perpetuity, which is a constant and perpetual cash flow is $12,500.
The value of a perpetuity can be determined using the formula:
Value of Perpetuity = Cash Flow / Discount Rate
In this case, the cash flow is $1,000 and the discount rate is 8%. Substituting these values into the formula, we have:
Value of Perpetuity = $1,000 / 0.08
Calculating this expression, we find that the value of this perpetuity is $12,500.
The value of a perpetuity represents the present value of the cash flow stream that continues indefinitely at a constant rate. By discounting the cash flow using the appropriate discount rate, we can determine the present value of the perpetuity. In this case, the perpetuity with a cash flow of $1,000 and a discount rate of 8% has a value of $12,500.
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Which of the following is a character of a structured interview
Answers
A structured interview typically involves a predetermined set of questions that are asked in a standardized manner to all participants.
One key characteristic of a structured interview is the use of standardized questions that are carefully designed to gather specific information related to the job or subject matter being assessed. These questions are typically developed based on job analysis and are aimed at measuring relevant knowledge, skills, abilities, or personal attributes.
Another important characteristic is the uniformity in the administration of the interview. Each participant is asked the same set of questions in the same order, ensuring consistency and comparability of responses. This enables fair evaluation and allows for objective assessment of candidates or research subjects.
Furthermore, structured interviews often employ rating scales or scoring rubrics to systematically evaluate and compare responses. This helps in quantifying and comparing interviewee performance based on predetermined criteria or benchmarks.
Overall, the key character of a structured interview lies in its standardized nature, with predetermined questions, consistent administration, and systematic evaluation, promoting fairness and objectivity in the assessment process.
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how does lever simplify the work? explain.
Answers
Explanation:
A lever works by reducing the amount of force needed to move an object or lift a load. A lever does this by increasing the distance through which the force acts. ... Instead, they make the work easier by spreading out the effort over a longer distance.
Implicit costs are:A) regarded as costs by accountants but not by economistsB) payments that a firm makes to other firms or individuals who supply resources to itC) nonexpenditure costsD) costs that proportionately with output
Answers
Implicit costs are:
option C). non expenditure costs.
How Do Implicit Costs Work?
Any cost that has already occurred but isn't necessarily displayed or reported as a distinct item is known as an implicit cost. It stands for an opportunity cost that develops when a business devotes internal resources to a task without receiving any direct payment for the usage of such resources. This implies that there is never a financial transaction when a corporation allocates its resources since it always forfeits the chance to profit from the usage of those resources elsewhere. Simply put, there is an implicit cost associated with using an object as opposed to renting or purchasing it.
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