In today's newspaper table, the NAV for the Buffalo Funds Small Cap Fund is listed as 10.91. The Net Chg column for the fund reads +0.05. What was the NAV for the fund on the previous day?

Fill in the blank(s) with the appropriate word(s).


10.86

Business

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Companies using target costing ________

A) first design a new product and then determine its cost B) tailor their products to be in line with the marketing mix C) routinely neglect customer value considerations D) avoid determining an ideal selling price until analyzing test market results E) start with an ideal selling price and then target costs that will ensure that the price is met

Business

The pricing method that establishes selling prices based on a specified rate of return on the assets employed in the operation is

a. target cost pricing. b. return on assets pricing. c. time and materials pricing. d. gross margin pricing.

Business

The administrative assistant assembled the new customer complaint procedure ____ a flow chart

A) in to B) into C) in

Business

Last month, Standard Systems analyzed the project whose cash flows are shown below. However, before the decision to accept or reject the project took place, the Federal Reserve changed interest rates and therefore the firm's cost of capital (r). The Fed's action did not affect the forecasted cash flows. By how much did the change in the r affect the project's forecasted NPV? Note that a project's expected NPV can be negative, in which case it should be rejected. Old r:10.00%New r:11.25%  Year0 1 2 3 Cash flows?$1,000 $410 $410 $410

A. ?$18.89 B. ?$19.88 C. ?$20.93 D. ?$22.03 E. ?$23.13

Business