Last year you bought the Viking Mutual Fun, which has total assets of $240 million, liabilities of $10 million, and 15 million shares outstanding. a) What is the net asset value per share? b) If the current price is $18, is this a good deal? (Yes or No) Round to the nearest cent. DO NOT INCLUDE COMMAS OR $. ✔ Submit
Q: Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current…
A: Cash flow statement means the statement which shows the cash inflow and outflow during the specified…
Q: Which of the following is an example of an unrelated business activity for an exempt organization?…
A: A company, trust, unincorporated association, or other form of organization in the United States…
Q: A loan of $172,000 at 3.12% compounded quarterly was to be settled with month-end payments of…
A: Annual, semi-annual, quarterly, or monthly payment of loan includes the portion of interest expense…
Q: [The following information applies to the questions displayed below.] Green Planet Corporation has…
A: Introduction: When preferred stock are cumulative in nature and in any year company is not in a…
Q: Which of the following statements regarding the operating activities section of the statement of…
A: ANSWER Cash flow statement is divided into three sections such as Cash flow from operating…
Q: Wilco has Sales Revenue of $1,000,000 and COGS of $700,000 in 2022 along wit an ending balance of…
A: The ending inventory consists of goods that are finished during the period but not yet sold. The…
Q: a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming…
A: 1. Depreciation = (Cost of the asset - Estimated residual value ) ÷ Estimated useful life of the…
Q: View transaction list Journal entry worksheet
A: A basic journal entry in accounting merely debits and credits one account. Simple diary entries are…
Q: Journal entry worksheet
A: In accounting, a simple journal entry consists of just debiting and crediting one account. Because…
Q: Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543…
A: Introduction: Trend analysis is a tool used by the management to evaluate performance of the company…
Q: The following information is available for a company's maintenance cost over the last seven months.…
A: A variable cost is one that changes depending on the amount produced or sold by the company.…
Q: Hayden Corporation uses an enterprise resource planning (ERP) system. In their audit of receivables…
A: a. Two data analytic applications that might be used to audit the existence of receivables and…
Q: Corporate finance is the area of finance dealing with the following EXCEPT_ Sources of Funds and…
A: Corporate Finance refers to the area which deals with the sourcing of funds and raising capital from…
Q: Wilco Inc. allocates overhead on the basis of direct labor hours. They report the following budgeted…
A: Solution... Predetermined overhead rate = Budgeted manufacturing overhead/ budgeted labor hours
Q: View transaction list Journal entry worksheet
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: QUESTION 3 A bank reconciliation should be prepared periodically because O a. the company's records…
A: Introduction:- A bank reconciliation statement is a document that compares the cash balance on a…
Q: Addison, Inc. uses a perpetual inventory system. The following is information about one inventory…
A: LIFO: LIFO stands for Last-In, First-Out. In this method inventory purchased at last will be sold…
Q: h - Your answer is partially correct. Bonita Corporation provides its officers with bonuses based on…
A: The adjustment entries are prepared to adjust the revenue and expenses of the current period. The…
Q: Compute the breakeven revenue. Revenue Variable costs Contribution margin $40,000 30,000 10,000
A: Solution... Contribution margin ratio = Contribution margin / sales revenue
Q: A hospital reported the following uncollectible amounts: $15,000 for services rendered to homeless…
A: ANAWER No entry required in case of service rendered with no intention of collection. Here in this…
Q: Joshua and Ryan are partners in Minimal Resources. Minimal Resources should report information…
A: The qualifying business income, or QBI, is the net amount of qualified items of income, gain,…
Q: Apply mathematical skills around cost structures and appropriate equations to answer the following,…
A: The question has asked to compute the cost of purchase during the year. We can compute the cost of…
Q: Lindsey Poney created a nongrantor trust in 2018. During 2021, the trust earned $4,000 in ordinary…
A: Introduction:- Calculation of total income earned as follows under:- Total Income Earned =Ordinary…
Q: The Nicols are buying a house selling for $345,000. They pay a down payment of $45,000 from the sale…
A: Borrowing Amount can be calculated as follows = Cost of House - Down payment. Interest can be…
Q: Kelfour Enterprises has divided its operations into two divisions. Relevant accounting data for each…
A: Ratios are those helpful bridge that helps to understand the financial situation of the business.…
Q: D Question 7 On March 1, Year 1, ABC Company received $40,000 cash from the issue of a one-year, 6%…
A: The interest Payable is the amount of interest which is due for the payment but not paid yet. It is…
Q: Identify at least three weaknesses in Parktown's revenue cycle procedures, explain the associated…
A: The doctor approves the write-off of the uncollectible receivables in addition to providing credit.…
Q: Marian Plunket owns her own business and is considering an investment. If she undertakes the…
A: NPV (Net Present Value) is the method of determining the present value of future estimated cash…
Q: Cushing Corporation is considering the purchase of a new grading machine to replace the existing…
A: In order to determine the related cash flow for new asset and existing asset, it is required to…
Q: Assume the following information for one of a company’s variable expenses: The amount of the…
A: OVERHEAD SPENDING VARIANCE Expenditure or Budget or Price Variance is is the Variance is due to…
Q: Assume a company is preparing a budget for its first two months of operations. During the first and…
A: Cash collection appear in the cash budget includes the cash sales as well as the cash collected from…
Q: During the past month, the following costs were incurred in the three production departments and two…
A: The reciprocal method is one of the methods in cost allocation. such a method uses a simultaneous…
Q: Preparing Adjusting Entries Janet Matuguinas is a business consultant. At the end of the period, it…
A: The adjustment entries include adjustment for deferred and accrued revenues and expenses. The…
Q: Matthew, the production manager, was pleased at the company's income statement results. Actual DL…
A: Variance occurs when the actual cost is compared with the standard cost .If the actual cost is more…
Q: Using the above information and the direct method, calculate the cash payments to suppliers. Cash…
A: Introduction:- The following formula used to calculate as follows:- Cash payment to supplier =Cost…
Q: Murray Company reports net income of $769,500 for the year. It has no preferred stock, and its…
A: BASIC EARNINGS PER SHARE : = (NET INCOME - PREFERRED DIVIDEND) / WEIGHTED AVERAGE COMMON SHARES…
Q: aquatic company is a distributor of swimming pool equipment during 20y3 aquatic reported selling and…
A: Depreciation expense is a non-cash expense. hence it will be added to the selling and administrative…
Q: Compute the net present value (NPV) of this investment.
A: Meaning of Net present value It is the difference between present value of cash inflows and present…
Q: During the current year, Kite Corporation had average total assets are $500,000, total asset…
A: The equity multiplier will be calculated by finding out shareholders equity as total assets are…
Q: Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar Motors and…
A: Since you have asked for more then 3 subparts we are able to provide solution for first 3 parts only…
Q: Month January February March April May Cost $11.0 $10,8 $12,5 $13,2 $13.C
A: Answer : Variable cost using high low method Variable cost = (Highest unit cost - Lowest unit cost)…
Q: 1/1/2017 12/31/2017 12/31/2018 Ending Difference Balance Fair Value (FV-BV) 100,000 95,000 96,000…
A: A fair value refers to the price that is likely to be received from the disposal of an asset or paid…
Q: Preparing the Statement of Cash Flows: Indirect Method EBA. Keeper Corporation's income statement…
A: Cash flows statement is one of the financial statement being prepared in business, it shows all cash…
Q: Cypress would have to produce the special order on an overtime shift, which would increase the…
A: Introduction:- Break-even point point means, where no profit or loss At Break-even point point,…
Q: n divisional income statements prepared for Demopolis Company, the Payroll Department costs are…
A: Division financial statement are the financial statement that are prepared to find out the net…
Q: 12) ABSD INC.'s B.O.D's approved issuance of 5,000,000 share of $50 par value common stock.…
A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…
Q: Prepare the journal entries for the following situations On August 10. Travis company purchased…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: Use the information provided to calculate standard costs: To make one switch it takes 17 feet of…
A: Introduction:- Standard costs are estimates of the actual costs in a company’s production process…
Q: Sunland Advertising Company's trial balance at December 31 shows Supplies $6,900 and Supplies…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Faith, a single taxpayer, age 81, forgot to take her 2021 required minimum distribution (RMD) from…
A: Introduction:- when an RMD is not correctly taken, any shortfall is subject to a 50% Penalty.IRA…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 1. A fund is set up to charge a load. Its net asset value is P16.50 and its offer price is P17.30. A. Assume the fund increased in value by .30 the first month after you purchased 100 shares. What is the total gain or loss? Compare the total current value with the total purchase amount. B. By what percentage would the net asset value of the shares have to increase for you to break even?Assume that one year ago, you bought 240 shares of a mutual fund for $27 per share and that you received an income dividend of $0.34 cents per share and a capital gain distribution of $1.07 per share during the past 12 months. Also assume the market value of the fund is now $29.50 a share. Calculate the total return for this investment if you were to sell it now. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.Now imagine that you bought a mutual fund that had a beginning NAV of $10 per share. It paid dividends of $0.50 and distributed capital gains of $0.75. After one year, the ending NAV is $9.50.What is your total return?
- Assume that one year ago, you bought 220 shares of a mutual fund for $25 per share and that you received an income dividend of $0.32 cents per share and a capital gain distribution of $1.05 per share during the past 12 months. Also assume the market value of the fund is now $27.50 a share. Calculate the total return for this investment if you were to sell it now. Round answer to 2 decimal places.If a mutual fund's net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places.....%Assume that one year ago you bought 200 shares of a mutual fund for $20 per share, you received a capital gain distribution of $0.45 per share during the past 12 months, and the market value of the fund is now $18, Calculate the percentage of total return for your $4,000 investment. (Negative amount should be indicated by a minus sign. Do not round intermediate catcutations. Enter your answer as a percent rounded to 2 decimal places.) Percent of total return __%
- Consider a mutual fund(ex. Contrafund) It has $10,000 in assets (stocks) and 250 shares are owned by people like you and I. Which one of the following is false?. The NAV = $40/share but will change if the market price of the stocks change If a new customer buys 1 share the NAV will change (up or down) If a new customer buys 1 share the PM will have more money to buy securities If an existing customer sells a share the NAV will not change When an existing customer sells their share(s), by law the Fund has to buy those sharesThis Question: 1 pt 17 of 30 (18 complete) Suppose you invested $100 in the Ishares High Yield Fund (HYG) a month ago. It paid a dividend of $2 today and then you sold it for $95 What was your dividend yield and capital gains yield on the investment? O A. 2%, -5% O B. - 2%, 5% O C. 5%, 2% O D. 2%, 5% Click to select your answer.Assume that one year ago you bought 100 shares of a mutual fund for $33.75 per share, you received a $0.47 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $41.55. Calculate the percentage of total return for your $3,375 investment. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Percent of total return %
- Suppose you bought XYZ stock 1 year ago for $6.54 per share and sell it at $2.79. You also pay a commission of $0.35 per share on your sale. What is the total return on your investment? The total return is %?Suppose that you initially invested $10,000 in the Stivers mutual fund and $5,000 in theTrippi mutual fund. The value of each investment at the end of each subsequent year isprovided in the table:Year Stivers ($) Trippi ($)1 11,000 5,6002 12,000 6,3003 13,000 6,9004 14,000 7,6005 15,000 8,5006 16,000 9,2007 17,000 9,9008 18,000 10,600Which of the two mutual funds performed better over this time period?Suppose at the start of the year, a no-load mutual fund has a net value of RM27.15 per share. During the year, it pays its shareholders a capital gain and dividend distribution of RM1.12 per share and finishes the year with NAV of RM30.34. Required: a. b. If at the end of the year, the fund is selling is selling at 5% discount, what is the rate of return? C. What is the return to an investor who holds 2000 shares of this fund in his retirement account? d. Differentiate between open end and closed end funds. Assume at the end of year, the company change its policy and charge. 12b-1 fees of 2%, What is the rate of return?