Answer:
b. $6,600,000
Explanation:
The computation of the fee is shown below:
= Annual management fee + performance management fee
where,
Annual management fee = $400 million × 0.01 = $4 million
And, the performance management fee
= Incentive percentage × hedge fund × excess return
= 20% × $400 million × 3.25%
= $2.6 million
The excess return is
= {($445 million - $400 million) × $400 million - 8%}
= 11.25% - 8%
= 3.25%
So, the fee is
= $4 million + $2.6 million
= $6.6 million or $6,600,000
Explanation:
Get to the point quickly and be concise., but don't be impersonal or abrupt. Keep your sentences short and clear. Include everything your client needs to know in the email. If you're just providing information and don't need a response, write “No response needed” at the end of the email.
Answer:
e. None of the above.
Explanation:
When the stock price follows a random walk the price today is said to be equal to the prior period price plus the expected return for the period with any remaining difference to the actual return due <u>due to new information related to the stock"</u>. This is because any new information on stock which is unrelated to stock prices will lead to an increase/decrease in the stock price over a period of time.
It’s B or D i would think but I can’t be for positive.. sorry if it’s wrong
Answer:
Highland construction company
Income statement
For the year ended December 31, 2014
Sales revenue=128,400
Total expense=80,200
Pretax income=48,200
Tax =14,460
Net income =33,740
Highland construction company
Statement of stockholder's equity
For the year ended December 31,2014
Balance December 31,2013=0
Stock issuance =87,000
Add:Net income
Less:Dividends
Balance December 31,2014=87,000
Highland construction company
Balance sheet
December 31,2014
Account payable=46,140
Salaries payable=2,520
Total liabilities
Common stock=87,000
Retained earnings=23,740
As complete information is not given so only relevant portion is done.
