The adjusted trial balance of Sandhill Company at December 31, 2022, includes the following accounts: Owner's Capital $17.400, Owner's Drawings $7,200, Service Revenue $38,700, Salaries and Wages Expense $16,900, Insurance Expense $1,700, Rent Expense $5,000, Supplies Expense $1,800, and Depreciation Expense $1,100. The balance in Owner's Capital is the balance as of January 1. Prepare an owner's equity statement for the year assuming net income is $12.200 for the year. (List items that increase owner's equity first.)
Answers
The owner's equity statement is used to show the changes in the owner's equity over a specified period. The ending owner's equity balance for Sandhill Company at December 31, 2022, is $22,400.
To prepare an owner's equity statement for Sandhill Company, we need to follow some steps:
Step 1: List all the items that increase the owner's equity. The items that increase the owner's equity are the revenue and the additional investments by the owner. In this case, Service Revenue increased the owner's equity.Step 2: Subtract all the items that decrease the owner's equity. The items that decrease the owner's equity are expenses, withdrawals, and losses. In this case, the Salaries and Wages Expense, Insurance Expense, Rent Expense, Supplies Expense, and Depreciation Expense decreased the owner's equity. Also, the Owner's Drawings reduced the owner's equity.
Step 3: Calculate the net income. Net income is calculated by subtracting the total expenses from the total revenues. In this case, the net income is $12,200.Step 4: Calculate the ending owner's equity balance. The ending owner's equity balance is calculated by adding the beginning balance to the net income and subtracting the withdrawals. In this case, the beginning balance is $17,400, and the withdrawals are $7,200. Therefore, the ending owner's equity balance is $22,400.
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Related Questions
What is the full form of (GAAP)
Answers
Explaination .: hope this is what you were looking for
Answer:
General Accepted Accounting Principles
wilson electric reports income tax expense of $151,000. income tax payable at the beginning and end of the year are $20,200 and $25,300, respectively. what is the cash paid for income taxes during the year?
Answers
according to the question $104,700 is the cash paid for income taxes during the year.
Why is there an income tax?An individual must pay the individual income tax, sometimes known as the personal income tax, on all of their annual income, including wages, wages, dividends, interests, and other types of income. The state where the income is derived often levies the tax.
How is income tax such a big deal?Taxes are used by the government to pay for a range of social welfare, including measures to create jobs. The government is responsible for covering the administrative expenses for the different departments' thousands of employees.
Briefing:cash paid = income tax expense - (income tax payable at the beginning + end of the year)
= $151,000 - ($20,200 + $25,300)
= $105,500
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Janyell is the money person. All purchases or any funds needed for business activities have to be sent to her and approved first.
Which Function of Business is Janyell most closely
associated with?
A- accounting
B- sales
C- production
D- finance
Answers
Answer:
B?
Explanation:
XXXXXX
Suppose you invest $1,000 in an account paying 8% p.a. interest with annual compounding.
b) Which do you prefer: a bank account that pays 5% p.a. (EAR) for three years or
i. 2.5 % every six months for 3 years
ii. 7.5 % every 18 months for 3 years iii. 0.5 % per month for 3 years
XXXXXXX
Answers
The future value of the investment can be calculated using the formula:
FV = PV x \((1 + r/n)^(n*t)\) .Where PV is the present value, r is the annual interest rate, n is the number of compounding periods per year, and t is the number of years.
In this case, the investment is $1,000, the annual interest rate is 8%, and the compounding period is annual. Therefore, we can calculate the future value after 3 years as:
FV = $1,000 x\((1 + 0.08/1)^(1*3)\) = $1,259.71
b) To compare the different bank accounts, we need to calculate the effective annual rate (EAR) for each option. The formula for EAR is:
EAR =\((1 + r/n)^n - 1\)
Where r is the nominal annual interest rate and n is the number of compounding periods per year.
i. For the bank account that pays 2.5% every six months for 3 years, the nominal annual interest rate is 5%, and the compounding period is semi-annual (twice a year). Therefore, the EAR is:
EAR =\((1 + 0.05/2)^2\)- 1 = 0.0506 or 5.06%
ii. For the bank account that pays 7.5% every 18 months for 3 years, the nominal annual interest rate is also 5%, but the compounding period is 18 months. Therefore, the EAR is:
EAR =\((1 + 0.05/2)^2\) - 1 = 0.0506 or 5.06%
iii. For the bank account that pays 0.5% per month for 3 years, the nominal annual interest rate is:
r = 12 x 0.005 = 0.06 or 6%
Therefore, the EAR is:
EAR =\((1 + 0.06/12)^12\) - 1 = 0.0617 or 6.17%
Comparing the different options, the bank account that pays 0.5% per month for 3 years has the highest effective annual rate (6.17%), followed by the bank accounts that pay 2.5% every six months (5.06%) and 7.5% every 18 months (5.06%). Therefore, if you are looking to maximize your returns, you should choose the bank account that pays 0.5% per month.
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When you plan a presentation, how should you make sure you stay on track as you talk?
A. Make a list of general topics and points you want to cover.
B. Write out every word of the presentation on notecards.
C. Memorize every word of the presentation in your head.
D. Have the audience tell you what else you need to talk about.
Answers
Answer:
A make a list
Explanation:
Answer:
It's A. Make a list of general topics and points you want to cover.
Explanation: hope it helps ^w^
One major reason businesses seek investment is to:
A. increase the opportunity cost of making new products.
B. boost their productivity by improving their inputs.
C. give them the ability to ignore production possibilities curves.
D. reduce their need for consistent financial growth.
Answers
One major reason businesses seek investment is to boost their productivity by improving their inputs. Option B is correct.
What is Investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
An investment always involves the expenditure of some resource today time, effort, money, or an asset—in the anticipation of a future return greater than the initial investment.
For instance, an investor might buy a financial asset right away with the hope that it would provide income later on or that it can be sold for a profit at a higher price.
Thus businesses seek investment is to boost their productivity by improving their inputs in order to maximize wealth of owners of the business.
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Which organization should a high school hospitality student consider joining to develop leadership skills and business knowledge?
American Culinary Federation
American Hotel & Lodging Association
Future Business Leaders of America
Resort Hotel Association
Answers
High school students can gain practical experience in entrepreneurship, business, and marketing through DECA. Its objective is to provide upcoming leaders with the skills necessary for careers in lucrative industries including marketing, management, hospitality, and finance. There are presently 177,000 DECA members in secondary schools.
Should I enlist in DECA?You can gain an advantage over your rivals with the use of DECA's resources, expertise, and talents. A little bit of ease has been added to applying for internships, scholarships, jobs, and colleges. The fact that you are a member of DECA demonstrates that you are motivated, academically competent, community-minded, and career-focused—ready to take on your future.
In high school, is DECA a good idea?One of the most well-known groups for high school students is DECA, which has more than 3,200 participating schools. Numerous graduates of its successful programs enjoy a stellar reputation.
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Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?
Answers
3eyy1ggh mi y
1uj gyrju3hxif2 2x ce I I b I 6x9
3/10=x/51000
X=15,300, Julie
51,000-15,300
35,700, Kristen
70% is owned by Kristen
The following are the expenses of Reliance Industries during the past financial year:
Rent for office space $660,000
Loss on sale of office building 55,000
Interest on loan 132,000
Accounting and legal fees 352,000
Freight-out 70,000
Calculate the General& Administrative expenses if One-half of the rented premises is occupied by the sales department.
Answers
The company Reliance Industries' expenses from the past financial year include the following:Rent for office space at $660,000Loss of $55,000 on the sale of an office buildingInterest of $132,000 on loanAccounting and legal fees at $352,000Freight-out charges of $70,000.
General and administrative expenses (G&A) are also commonly referred to as operating expenses. They are a firm's expenses that are unrelated to manufacturing costs or cost of goods sold. They are the total of all selling, general, and administrative expenses (SG&A).G&A Expenses are calculated by deducting the cost of goods sold (COGS) from the company's total revenue.Using the details provided in the question, the cost of goods sold (COGS) is not given.
One-half of the rented premises are occupied by the sales department, and the other half is used by the company. We have to calculate the amount of rent the sales department has paid during the past financial year.Half of this amount is given by:$$660,000/2= $330,000.$$Therefore, the General & Administrative (G&A) expense of the Reliance Industries after considering that half of the rented premises is occupied by the sales department is $939,000. ($55,000+$132,000+$352,000+$70,000+$330,000 = $939,000).
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Istilah di set ini (44)
Asli
Most training is directed at upgrading and improving an employee's ________ skills.
A) financial
B) technical
C) problem-solving
D) interpersonal
E) social
Answers
Most training is directed at upgrading and improving an employee's (b).technical skills.
Technical expertise, usually referred to as hard expertise, is the capacity to carry out a task that calls for specialised or qualified knowledge. Hard skills can take many different forms. Technical skill is necessary in fields like mathematics, engineering, computer science, and information technology.
The knowledge and skills required to carry out particular activities are known as technical skills. They are applicable and frequently have to do with mathematical, scientific, information technology, or mechanical jobs. Knowledge of design software, mechanical tools, or programming languages are a few examples.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
Answers
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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If I have dual citizenship should I say yes on my college applications?
Answers
Answer:
i don't think so 1 citizenship is all it takes
what is calleda cost remains unchanged when the volume of activity changes within the relevant range.
Answers
Within the appropriate range, the total fixed costs stay constant. However, as output rises, the fixed cost per unit falls since the same fixed costs are shared over more units. The following two graphs show how fixed costs and output volume are related.
What is total fixed costs?Total fixed cost (TFC) is the cost that does not fluctuate while the output level changes. The cost that varies as the output level changes is known as the total variable cost (TVC). The total cost (TC) is the sum of the total fixed and variable costs. Add up your variable costs and divide by the quantity of units you generated to get your total cost of production. You will then be given your overall fixed cost. Salaries, energy costs, insurance, rent and lease charges, and loan repayments are a few examples of fixed costs.
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Mishu wants to invest an inheritance of \( \$ 25,000 \) for one year. His credit union offers \( 2.13 \% \) for a one-year term or \( 2.08 \% \) for a six-month term. (a) How much will Mishu have afte
Answers
Mishu has \( \$ 25,000 \) for one year. His credit union offers \( 2.13 \% \) interest for a one-year term and \( 2.08 \% \) interest for a six-month term.
To calculate how much Mishu will have after one year with the one-year term, we can use the formula for compound interest: \( A = P \times (1 + r)^n \), where \( A \) is the final amount, \( P \) is the initial amount, \( r \) is the interest rate, and \( n \) is the number of compounding periods.
Plugging in the values, we have \( A = 25000 \times (1 + 0.0213)^1 \). Solving this equation, we find that Mishu will have approximately \( \$ 25,532.50 \) after one year with the one-year term. To calculate how much Mishu will have after one year with the six-month term, we can use the same formula, but with \( n = 2 \) since the interest is compounded semi-annually. Plugging in the values, we have \( A = 25000 \times (1 + 0.0208)^2 \).
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True or False: The Federal Reserve Board has a significant influence over the level of economic activity, inflation, interest rates in the United States.
Answers
True. The Federal Reserve Board has a significant influence over the level of economic activity, inflation, and interest rates in the United States.
The statement is true. The Federal Reserve Board, also known as the Fed, plays a crucial role in shaping the economy of the United States. As the central bank of the country, the Fed has been granted specific powers and responsibilities to maintain price stability, promote maximum employment, and regulate monetary policy.
Through its actions, the Fed can have a substantial impact on various aspects of the economy.
The Federal Reserve Board primarily influences the level of economic activity through its control over monetary policy. By adjusting interest rates, managing the money supply, and implementing various tools such as open market operations and reserve requirements, the Fed can stimulate or constrain economic growth.
Changes in interest rates can affect borrowing costs for businesses and consumers, influencing their spending and investment decisions. Additionally, the Fed's policies aim to manage inflationary pressures and ensure price stability by carefully monitoring and adjusting monetary conditions.
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If a student identifies "family doesn't have enough money for college" as a barrier to her long-term education goal, which of the following is not a sensible solution?
1. Change long-term career goal to a field that doesn't require college.
2. Research student loans and other grants online
3. Contact the college about scholarship opportunities.
4. Consult a recruiter about ROTC programs or the G.I. Bill.
Answers
Answer:
A.
Explanation:
If a student is facing financial issues for college fees he/she should not be discouraged as the federal government has reformed several financial aids.
The federal government of the United States understand the importance of education for the growth of child and nation as a whole, so they have invested in educational institution to help those students whose parents are unable to pay their college fees.
The unwise idea in such situation is to change long-term career goal. The student should not do this. Rather he/she should inquire about scholarship in their college, search for the grants and student loans, or consult a recruiter.
Therefore, option A is the correct answer.
whether the economy is in a recession is illustrated in the ad/as model by how close the _____________________ is to the potential gdp line.
Answers
Answer:
The answer is equilibrium
Explanation:
Whether the economy is in a recession is illustrated in the ad/as model by how close the equilibrium is to the potential gdp line.
Dunder Miflin Technologies (DMT) produces trendy tablets. Two of its models are the market leaders: Supercool and Ubercool. Supercool has a profit margin of $200 and Ubercool brings in a profit of $250. Producing Supercool requires 1 processor and 2 standard memory chips whereas Ubercool needs 2 processors and 3 premium memory chips. DMT has 150 processors, 120 standard memory chips and 150 premium memory chips. Variable definitions for the linear programming problem, the profit maximization problem and the sensitivity analysis are provided below. You are required to answer the questions which follow using this information.
Let, S = number of Supercool models produced
U = number of Ubercool models produced
Max. 200 S+ 250U
Subject to:
S + 2U < 150 (Processor Constraint)
2S < 120 (Standard Chip Constraint)
3U < 150 (Premium Chip Constraint)
S, U > 0
Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $A$2 Supercool 600 200 1 E+30 75
$B$2 Ubercool 450 250 150 XXX Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $A$9 Processor 150 XXX 150 10 $A$10 Standard Chip 120 37.5 120 180 $A$11 Premium Chip 135 XXX 150 1E+30
1. What is the shadow (dual) price of the constraint "Premium Chip"?
2. In the above sensitivity analysis, what is the allowable decrease for the "Ubercool" model objective coefficient?
3. What is the shadow (dual) price for the "Processor" constraint in the sensitivity analysis?
4. Suppose Sabre, a chip manufacturer, offers to sell 200 Standard Chips to DMT. At which of the following prices would DMT definitely be willing to purchase these 200 Standard Chips?
I. $6,000
II. $6,500
III. $7,000
5. Suppose that due to a delay at their premium chip supplier, Dunder Miflin obtains 20 fewer premium chips than expected. How will this, if any, affect the optimal solution and the profit?
6. If the objective function coefficient of "Supercool" is reduced by more than $100, which of the following could be the new optimal solution for "Ubercool"?
Answers
The new constraint would be 3U < 150 - 20, which simplifies to 3U < 130.
To answer the questions, let's refer to the given information and the linear programming problem provided.
1. The shadow (dual) price of the "Premium Chip" constraint is not provided in the given information. It is indicated as XXX in the sensitivity analysis table, suggesting that the shadow price is not available or relevant for this constraint.
2. In the sensitivity analysis, the allowable decrease for the "Ubercool" model's objective coefficient is not provided. It is indicated as XXX in the table, suggesting that the allowable decrease is not available or relevant for this objective coefficient.
3. The shadow (dual) price for the "Processor" constraint is given as 10 in the sensitivity analysis table.
4. To determine at which price DMT would be willing to purchase the 200 Standard Chips, we need to consider the standard chip constraint and the reduced objective coefficient for Supercool.
The standard chip constraint is 2S < 120, indicating that each Supercool model requires 2 standard chips. Since DMT has 120 standard memory chips available, it can produce a maximum of 60 Supercool models (2 * 60 = 120).
The reduced objective coefficient for Supercool is 200, indicating that for each Supercool model produced, the profit increases by $200.
Considering the maximum production of 60 Supercool models, the maximum additional profit from producing Supercool is $200 * 60 = $12,000.
Among the given prices, DMT would be willing to purchase the 200 Standard Chips if the cost is less than or equal to the maximum additional profit. Therefore, DMT would be willing to purchase the 200 Standard Chips at a price of $6,000 (option I).
5. If Dunder Miflin obtains 20 fewer premium chips than expected, it would affect the premium chip constraint. The premium chip constraint initially allows for 3U < 150, indicating that each Ubercool model requires 3 premium chips.
If Dunder Miflin receives 20 fewer premium chips, the new constraint would be 3U < 150 - 20, which simplifies to 3U < 130.
The effect on the optimal solution and profit would depend on the revised constraints and the impact on the objective function. It is necessary to re-optimize the linear programming problem with the revised constraint to determine the new optimal solution and profit.
6. If the objective function coefficient of "Supercool" is reduced by more than $100, the new optimal solution for "Ubercool" could vary depending on the specific reduction amount, the revised objective coefficients, and the constraints.
Without knowing the exact reduction amount or the changes in other coefficients and constraints, it is not possible to determine the new optimal solution for "Ubercool" from the given options.
To identify the new optimal solution, a revised linear programming problem would need to be solved, considering the changes in the objective function coefficient and examining the effects on the constraints and other variables.
It is important to note that the given information does not provide the specific details required to determine the new optimal solution for "Ubercool" with a reduced objective function coefficient.
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Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.
Answers
Finance: CAZ Investments jumps into growing field of institutional ownership, and eyes last holdout league
One of the trends in the market that has received the most attention recently is institutional multiteam ownership. The top leagues in the country have long outlawed the practice, but barriers are starting to break down as a result of the pressing need for cash and soaring franchise prices that have priced out many potential purchasers.
Numerous early participants are testing the waters even though the market is still in its infancy. The Atlanta Hawks, Phoenix Suns, and Sacramento Kings are among the NBA teams in which Dial Capital's Home Court Partners has acquired small percentage stakes after becoming the first fund to get authorization to do so in 2019. Sacramento Kings and Suns. Over $1 billion is being raised by Dynasty, the pro team investment company founded by Jonathan Nelson of Providence Equity Partners and Don Cornwell of PJT Partners. Arctos Sports Partners is currently without a doubt the market leader. The company, led by managing partners Ian Charles and Doc O'Connor, has acquired stakes in more than a dozen teams in the NBA, NHL, MLS, and European soccer; its investments in MLB alone include the Boston Red Sox through a partnership with Fenway Sports Group, the Chicago Cubs, Houston Astros, Los Angeles Dodgers, and San Diego Padres. It announced $3.94 billion in assets under management earlier this year and is currently soliciting money for a second fund with a target size of $1 billion.
In collaboration with Bonaccord Capital Partners, CAZ Investments announces the successful closing of a $485 million private equity ownership fund.
The fund made it possible for the CAZ network of investors to purchase minority holdings in some of the best middle-market private investment managers.
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What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
The Environmental Protection Agency can require a manufacturerplanning to use a new chemical compound to first determine itseffect on human health.Group of answer choicesTrueFalse
Answers
True. The Environmental Protection Agency can require a manufacturer to plan to use a new chemical compound to first determine its effect on human health.
The Environmental Protection Agency (EPA) has the authority under various regulations, such as the Toxic Substances Control Act (TSCA), to require manufacturers planning to use a new chemical compound to first determine its effect on human health and the environment. This requirement is part of the EPA's responsibility to assess and regulate the risks associated with new chemical substances. By requiring manufacturers to conduct studies and provide data on the potential health effects of new chemicals, the EPA aims to make informed decisions about their approval, use, and potential restrictions or regulations to ensure the protection of human health and the environment. This proactive approach helps in minimizing potential risks before introducing new chemicals into the market.
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I attached a pic of my question, pls help.
Answers
Farmer raising sheep.
in year 1, manufacturing costs as a percentage of sales are assumed to have a pert distribution with a minimum value of 65 percent, a maximum value of 90 percent, and a most likely value of 80 percent. thereafter it is assumed that manufacturing cost will be the same percentage of sales as year 1. fixed cash cost (rent) is expected to be $100,000 in the first year. however, the fixed cash cost is expected to grow at the expected inflation rate at 4 percent a year
Answers
The expected fixed cash cost (rent) in Year 1 is $100,000. This amount is expected to grow at a rate of 4% per year due to inflation. Thus, the fixed cash cost (rent) in Year 2 is expected to be $104,000. This trend is expected to continue in subsequent years.
The fixed cash cost for the second year can be calculated as follows:
Fixed Cash Cost for Second Year = $100,000 x (1+ 4%) = $104,000.
In economics, inflation refers to a well-known growth in the expenses of goods and services in an economic system. whilst the general fee stage rises, every unit of forex buys fewer goods and offerings; consequently, inflation corresponds to a reduction in the purchasing energy of cash. the alternative to inflation is deflation, a sustained lower in the widespread rate level of goods and offerings. The common degree of inflation is the inflation fee, the annualized percent change in a popular charge index. As expenses no longer grow at an equal charge, the client price index (CPI) is frequently used for this reason. The employment cost index is also used for wages in the USA.
Most economists agree that high stages of inflation in addition to hyperinflation—that have severely disruptive consequences on the real financial system—are a result of chronic excessive growth within the cash supply. Views on low to slight charges of inflation are extra numerous. Low or moderate inflation can be attributed to fluctuations in actual calls for items and offerings, or adjustments in to-be-had supplies which include all-through scarcities.
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how does 2022 versa’s electric power-assisted steering enhance fuel efficiency?
Answers
It should be noted that Versa’s electric power-assisted steering enhances fuel efficiency as it doesn't rely on engine power.
Electric power assisted steering refers to any type of power steering wheel that is used to attenuate the effort of the driver that's required to steer the vehicle.
The 2022 Versa’s electric power-assisted steering enhance fuel efficiency because it doesn't rely on engine power.
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An annual fee charged by some mutual funds to cover marketing and selling expenses is the:
a management fee.
b back-end load.
c transaction fee.
d 12(b)-1 fee.
e low-load.
Answers
The correct answer is d. 12(b)-1 fee. The 12(b)-1 fee is a fee charged by some mutual funds to cover marketing and distribution expenses.
This fee is included in a fund's expense ratio and is assessed annually as a percentage of the fund's net assets. The purpose of the fee is to compensate brokers and other intermediaries for promoting and selling the fund.
Management fees, on the other hand, are paid to the investment advisor who manages the mutual fund's portfolio. These fees are also included in the fund's expense ratio and are typically a percentage of the fund's net assets.
Back-end loads are fees charged when investors redeem shares in a mutual fund. These fees are usually a percentage of the value of the shares redeemed, and are designed to discourage short-term trading in the fund.
Transaction fees are charged when investors buy or sell shares in a mutual fund, and may be charged by the fund company, the broker, or both. Low-load funds typically charge lower sales fees than front-end load funds, but may have higher expense ratios to compensate for the lower fees.
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What is the total cost to conduct a market research survey will $500 base fee plus $3 per question and 1.25per person surveyed? The survey has 13 questions and will be sent to 300 people.
Answers
answer: The survey has 12 .
Explanation:
Budgets are created using expenses vs.
incoming revenue. What is another word for
revenue?
A. profit
B. sales
C. cost
Answers
Answer:
B. Sales
Are sales and revenue the same?The key difference between revenue and sales is that revenue refers to the total income a business entity generates from selling goods or providing services, as well as other income earned in the normal course of business. Sales, on the other hand, refers to the proceeds received by the company from selling goods or providing services. Although revenue and sales are sometimes conflated, there is a difference between the two. Revenue is the collective sum of money a business makes. Sales are the total compensation that a business receives from providing goods or services. Sales are a subset of revenue. In rare circumstances, revenue may be less than sales. Sales are when a customer pays a price for a company's products or services. Large businesses usually have additional revenue streams in addition to sales, including investments, services, interest, royalties, fees, and donations, to name a few. Although they may be easily distinguished in accounting terms, revenue and sales are often used interchangeably.
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Which of the following is NOT a type of account offered by commercial banks to the public?
(A) Trade account
(B) Savings account
(C) Current account
(D) Fixed deposit account
Answers
Trade accounts are NOT a category of accounts that commercial banks provide to the general public.
Which of the following is NOT a type of account offered by commercial banks to the public?Trade accounts are frequently made available by suppliers to their clients, enabling them to order goods and solutions on credit and pay for them later. These accounts have no connection to services offered by commercial banks, such as savings, credit, and time deposits accounts. However, commercial banks also provide the general public with additional sorts of accounts, including bank deposits, bank deposits, and fixed deposit accounts. Savings accounts let users put money in and take it out while collecting interest; credit lines are used for day-to-day transactions; and fixed deposit accounts, which provide higher interest rates but call for locking in the money for a set time period.
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what are the components of micro environment
Answers
Explanation:
the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.
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On January 1, a fund is worth 100, 000. On June 1, the value has increased
to 120, 000 and then 30, 000 of new principal is deposited. On October 1, the
value has declined to 130, 000 and then 50, 000 is withdrawn. On January 1
of the following year, the fund is again worth 100, 000. Calculate the dollar-
weighted rate of return using the simple interest approximation.
Answers
The dollar-weighted rate of return using the simple interest approximation is 0%.
The dollar-weighted rate of return is a measure of the investment's performance, taking into account the timing and amount of cash flows (deposits and withdrawals). In this case, the fund starts with a value of $100,000 and goes through various changes in value, deposits, and withdrawals over the investment period.
To calculate the dollar-weighted rate of return using the simple interest approximation, we compare the final value, initial value, and net deposits/withdrawals. Net deposits/withdrawals is the difference between total deposits and total withdrawals.
When we plug in the given values, we find that the final value is the same as the initial value ($100,000), and the net deposits/withdrawals amount to -$20,000 (indicating more withdrawals than deposits).
Using the formula, we calculate the dollar-weighted rate of return as ($100,000 - $100,000 - (-$20,000)) / ($100,000 + (-$20,000)), which simplifies to 0. The 0% rate of return indicates that the overall value of the investment remained unchanged throughout the investment period, considering the cash flows of deposits and withdrawals.
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