Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
mutual fund
Explanation:
A mutual fund is an investment vehicle that collects money from investors (usually small investors) and invests that money in purchasing and selling securities, e.g. bonds, stocks, etc. They are managed by a fund manager (usually not a person, but a company, in this case Larkan & Tokodo) that decides where to invest the funds. The value of a mutual fund is determined by the price of its shares that basically includes a fraction of the investment pool.
Answer:
c. Current bank statements
Explanation:
The CSS Profile is an essential document/form which is required to gain financial aid for college tuition. In general, it needs to assess whether an individual (student) is eligible to get such a benefit.
Naturally, the documents needed to make progress with completing the profile are the ones related to <u>financial information</u> (tax, bond possession, W-2 parent forms).
Other items listed can be demanded by a particular college, but are not essential to complete the profile.
Answer:
$60,000
Explanation:
Hansen's annual salary allowance= 30,000
Hernandez's annual salary allowance= 10,000
annual interest allowance of Hensen= 0.1 × 50,000= 5000
annual interest allowance of Hernandez= 0.1 × 50,000= 5000
Remaining balance=100000- 5000-5000-30000-10000= 50000
Share of each partner from remaining balance= 25000
Hensen's income= 25,000+ 5000+ 30000= 60,000
Answer:
It will take 3 years and 192 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $23,500
Cash fow= $9,300
Time period= 7 years
<u>The payback period is the time required to cover for the initial investment.</u>
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Year 1= 9,300 - 23,500= - 14,200
Year 2= 9,300 - 14,200= - 4,900
Year 3= 9,300 - 4,900= 4,400
To be more accurate:
(4,900/9,300)*365= 192
It will take 3 years and 192 days to cover for the initial investment.
