Answer:
Alima will pay 40 dollars in management of her fund.
Explanation:
A basis point is equivalent of 1/100th of 1%
an expense ratio of 8 baiss point will be equivalent to 0.08%
0.08/100 = 0.0008
The managenement will get this as expense ratio while invesotr will see their investment yield decreases for this amount.
On a yearly basis Alima will pay $50,000 x 0.0008 = 40 dollars
Answer:
B
Explanation:
The Lower of Cost or Market Value Applies to the closing inventory and should be value at $103,700 Cost, which is the lower.
Answer:
Explanation:
The expected cash flows from one of these bonds are:
- $60 in interest at the end of each year for 10 years, and
- $1,000 repayment of principal at the end of 10 years.
Answer and Explanation:
The preparation of an income statement under variable costing is shown below:-
Income statement under variable costing
ACES INC
Sales $558,600
(5,700 × $98)
Less:
Cost of goods sold
Variable product cost $147,060
($25.80 × 5,700)
variable selling administrative
expenses ($2.80 × 5,700) $15,950
Less: Total variable cost $163,020
Contribution margin $395,580
Less: Fixed overhead cost $93,840
Less: Fixed and selling
administrative expenses $66,000
Net income $235,740
