The Flash Fund owns 4,000 of GM and 8,000 shares of Microsoft. GM's price is $20 and Microsoft's is $25. If the fund has 5,000 shares outstanding, its NAV per share is
A)
$90.00.
B)
$93.33.
C)
$66.00.
D)
$56.00.
D
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Macnamara Corporation has two manufacturing departments-Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingFinishingTotalEstimated total machine-hours (MHs) 1,000 4,000 5,000Estimated total fixed manufacturing overhead cost$4,800$8,800$13,600Estimated variable manufacturing overhead cost/MH$1.80$2.90 During the most recent month, the company started and completed two jobs-Job F and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job FJob MDirect materials$11,500$9,000Direct labor cost$18,400$7,400Casting machine-hours 700 300Finishing machine-hours 1,600 2,400Assume that the company uses departmental predetermined overhead rates with machine-hours as the
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