Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are $70,111,050 and its liabilities are $12,444,100, find the net asset value of the fund.
A. $5.09
B. $5.13
C. $5.36
D. $5.98
Answer: A
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A company has provided a sales budget for the next four months (January, February, March, and April). It bases its production budget on the sales budget, and has a policy that each month's ending inventory of finished product must be equal to 25% of the following month's sales needs. The direct materials purchases budget is based on the production budget. The company's policy for each month's
ending inventory of raw materials is that they must be equal to 10% of the following month's production needs for raw materials. Given this information, the company can prepare direct materials purchases budgets for how many months? A) one B) two C) three D) four E) five
In the financial projections of the business plan, what does an investor want to see?
a. Hard five year numbers b. A granular, bottoms-up projection of revenues c. A one year P&L statement d. A two year cash flow statement
A payroll register is a schedule that summarizes the earnings, withholdings, and net pay for each employee
Indicate whether the statement is true or false
For each of the following accounts, identify whether a debit or credit yields the indicated changea. To increase Fees Earned?b. To decrease Cash?c. To decrease Unearned Revenue?d. To increase Accounts Receivable?e. To increase Common Stock?f. To decrease Notes Payable?g. To increase Prepaid Rent?h. To increase Salaries Expense?i. To increase Accounts Payable?j. To decrease Prepaid Insurance?
What will be an ideal response?