A mutual fund is quoted at $16.56 NAV and $18.00 POP. The sales charge is A) 8.50% B) 7.75% C) 7.50% D) 8%

Answers

Answer 1

Based on the Mutual fund's NAV and the POP, the sales charge can be found to be D. 8%.

How is a Mutual fund's sales charge calculated?

You can find the sales charge through the formula:

= (POP - NAV) / POP x 100%

Solving gives:

= (18 - 16.56) / 18 x 100%

= 1.44 / 18 x 100%

= 8%

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Related Questions

____ is knowingly making false statements or representation of material facts to obtain a benefit or payment for which a lesser amount or no amount at all was actually earned.

Answers

Fraud is knowingly making false statements or representation of material facts to obtain a benefit or payment for which no entitlement would otherwise exist.

What exactly fraud is?

Fraud is a deceptive activity being made by the offender in order to gain an unlawful gain by harming the rights of the victim.

Fraud is an intentionally done unethical activity or making false statements for deceiving the interests of an individual.

It may include the tax fraud, card fraud, investment fraud etc.

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In its income statement for the year ended December 31, 2022, Whispering Winds Corp. reported the following condensed data. Operating expenses $ 719,000 Interest revenue $ 32,000 Cost of goods sold 1,255,000 Loss on disposal of plant assets 16,000 Interest expense 70,000 Net sales 2,199,000 Income tax expense 44,000 Other comprehensive income (net of $1,200 tax) 8,200 1. Prepare a comprehensive income statement.2. Prepare a multiple-step income statement.

Answers

The Multiple Income Statement is $127,000.

Multiple Income Statement

Multiple Income Statement For the Year Ending Dec. 31, 2022

Particulars Amount ($)

Net sales 2,199,000

Less: Cost of goods sold 1,255,000

Gross profit 944,000

(2,199,000-1,255,000)

Less: Operating expenses 719,000

Operating income 225,000

(944,000-719,000)

Other revenue:

Interest revenue 32,000

Other expenses and losses:

Interest expense 70,000

Add: Loss on disposal of plant assets 16,000

Total other expenses and losses 86,000

(70,000+18,000)

Income before tax  171,000

(225,000+32,000-86,000)

Less: Income tax expense 44,000

Net income 127,000

(171,000-44,000)

Therefore the Multiple Income Statement is $127,000.

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Dobson Manufacturing is setting up production and distribution facilities in Mexico to meet the growing demand there. The company's executives want the human resource department to identify one of its U.S. managers to lead the operations, so he or she can ensure that the company culture is maintained. They ask the HR vice president to recommend a person with strong financial skills. The HR vice president agrees but adds that they also should use psychological testing to identify candidates who are highly flexible and conscientious. Which statement best supports the HR vice president's advice

Answers

The statement that best supports the HR vice president's advice is that the traits will help the manager persevere through culture shock.

What is culture?

Culture simply illustrates the way of life of people. People face culture shock when they move into a new environment.

In this case, the statement that best supports the HR vice president's advice is that the traits will help the manager persevere through culture shock.

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Question :

Dobson Manufacturing is setting up production and distribution facilities in Mexico to meet the growing demand there. The company's executives want the human resource department to identify one of its U.S. managers to lead the operations, so he or she can ensure that the company culture is maintained. They ask the HR vice president to recommend a person with strong financial skills. The HR vice president agrees but adds that they also should use psychological testing to identify candidates who are highly flexible and conscientious. Which statement best supports the HR vice president's advice .

Answer :

Culture Shock .

When the plan to advertise in developing countries on the sides of buses fell through because of legal barriers, Mya brought her team together and charged them with coming up with a substitute advertising channel. She gave them the full authority to solve the problem and implement the solution. Mya is a manager who practices _______ with her employees.

Answers

Mya is a manager who practices intellectual stimulation with her employees.

What is intellectual stimulation?

Intellectual stimulation can be defined as a form of leadership style in which a manager (leader) encourages innovation and creativity among his or her subordinates (employees), as well as critical thinking and problem-solving skills.

In this context, we can infer and logically deduce that Mya is a manager who practices intellectual stimulation with her employees because she gave them full authority to solve the advertising problem and implement the solution.

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1 pts Your friend wants to make a bet with you, and he gives you two options. If you choose Option 1, you will have an 80 percent chance of winning $100, but a 20 percent chance of losing $100. If you choose Option 2, you are guaranteed to win $5. If you are like most people when it comes to making decisions, you would probably choose ________ because of ________. Group of answer choices Option 1; confirmation bias Option 2: anchoring Option 1; the availability heuristic Option 2: loss aversion

Answers

A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.

What is confirmation bias?

The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.

Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.

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Which account does not appear on the balance sheet indeed?.

Answers

The accounts of off-balance sheet assets do not appear in the balance sheet of a business organization.

What are off-balance sheet assets?

The assets which are certain for a business, but are not allowed to be recorded in the balance sheet as per the accounting standards, are known as the off-balance sheet assets.

Hence, the significance of off-balance sheet assets is given above.

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When practicing entrepreneurship, starting with means at hand involves ______. a.using your available resources to fund your venture b.analyzing who you are c.sharing your ideas d.asking friends to contribute to your venture

Answers

When practicing entrepreneurship, starting with means at hand involves analyzing who you are.

What is entrepreneurship?

entrepreneurship can be regarded as the term that describes owing a business and been responsible for both the risk and the profit.

Therefore, as an entrepreneur , you must be able to analyze who you are, so as to know your strength.

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what is the relationship between the amount of federal tax deducted from your paycheck and the number of dependents you claim on your W-4?

Answers

The relationship between the amount of federal tax deducted and the number of dependents is that the more dependents you have, the less federal tax you pay.

How do dependents affect income tax?

Claiming dependents on your W-4 means that you are claiming allowances, and the higher the number of allowances claimed, the lower the tax withheld from you.

The logic behind this is that if you have more dependents, you will need more of your income to take care of them.

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Why do you think landlords care about an applicants credit score when deciding whose application to accept for a rental apartment?

Answers

Answer:

So they can have an idea on who is more trustworthy on making their payments on time. Better credit, more trustworthy.

Explanation:

trust

Enterprises that provide goods or services to, or receive them from my training institution or organization​

Answers

Answer:

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.” There are many forms of legal enterprises, with the most common in the U.S.

Owen's firm runs their critical applications in a public cloud. recently, their launch of a new product resulted in a surge of customer orders, but they were unable to ramp up their computing capacity fast enough, and some customer's experienced problems. this demonstrates which common issue with public cloud computing

Answers

The given scenario demonstrates the common issue with public cloud computing of Wide variations in performance over time

What is Public Cloud Computing?

This refers to the IT model that makes use of computing services that are run by a third party and is available to the public for use.

Hence, we can see that based on the given description, Owen's firm runs their critical applications in a public cloud but they experienced fluctuations as some users were unable to effectively use it and this shows the wide variations in performance over time.

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explain the effect of climate change in the economy of nepal​

Answers

Nepal suffers excessive monetary expenses because of modern weather variability and extremes: the envisioned direct cost of those influences is equal to 1.5–2% of modern GDP/year. This is excessive via way of means of global levels.

What is the climate of Nepal?

The weather in Nepal varies from subtropical withinside the lowlands to chilly excessive-altitude weather withinside the mountains.

The country reports five unique seasons: summer, monsoon, autumn, iciness, and spring. During iciness, the Himalayas block the cold air, inflicting it to be pretty heat south of the Himalayas.

Therefore, Nepal suffers a huge economic loss due to the climatic conditions prevailing in the country.

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Ivan is the head of human resources for a large company. He is served with legal papers that outline a lawsuit brought against the company by a former employee. She is alleging that she was terminated because of discrimination. Discuss how Ivan can use the former employee’s written performance appraisals to refute this charge.

Answers

Answer:

the attestation lists contain information about the compliance of the employee with the position held. if an employee according to this certificate does not correspond to the position, he can be fired accordingly.

Explanation:

Currently, the leadership trend is to empower employees. When a leader empowers employees, that leader is giving them: Multiple choice question. direction and steps to accomplish organizational goals exact orders about what to do as much freedom as possible to become self-directed and self-motivated less authority to make decisions

Answers

As much freedom as possible to become self-directed and self-motivated is When a leader empowers employees, that leader is giving them.

What is the advantage of the self-motivated employees?

Self-motivate employees are the best performer in the organization as they are highly charged and devoted towards the company, so they tried to give their best in every aspect. They are more loyal towards their leaders as they both have trust relationship between each other.

Thus, option C is correct.

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The production possibilities frontier illustrates Group of answer choices the combinations of output that an economy should produce. the combinations of output that an economy should consume. the combinations of output that an economy can produce. the combinations of output that an economy wants to produce.

Answers

The combinations shown by the Production Possibilities Frontier are the combinations of output that an economy can produce.

What does the Production Possibilities Frontier?

This refers to an economic metric that allows a nation to see the quantities of goods that it is able to produce given its available resources.

Producing outside the PPF is not possible because it shows a quantity that the nation is unable to produce because it will not have the required resources.

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In the circular flow model, households sell resources to and buy products from _______. Multiple choice question. consumers the government firms other household

Answers

In the circular flow model, households sell resources to and buy products from firms.

What is the circular flow model?

The circular flow model demonstrates how money moves from the producers to households and back again in an endless loop.

An economy is an endless circular flow of money. In the circular flow model, households sell resources to and buy products from the firms.

Therefore, C is the correct option.

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Seven years ago, you paid $324,800 to purchase a rental house. the maintenance expenses average $200 a month and property taxes are $4,800 annually. the house was recently appraised at $439,500. if you sell the house you will incur $14,200 in selling costs. if you decide to use the house as your office, what value should you assign it

Answers

The value that would be assigned to this house if you decide to use it as your office would be $ 425300

How to solve for the value of the house using opportunity cost

To get the value of the house, you have to get the opportunity cost of the house. This is the foregone alternative or benefits forgone due to another choice.

The formula is opportunity cost = Apprised Value - Selling costs

The apprised value = $439,500.

selling cost =  $14,200

$439,500 - $14,200

= $ 425300

Hence the value that should be assigned to it is $ 425300

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How many days after missing a student loan payment do your loans go into default?.

Answers

Answer:270 day past due

Explanation:

5 strategies for keeping a job

Answers

positive attitude, stay busy and working, work fast, be reliable, be on time

When consumers start searching for ways to satisfy needs, their internal search is characterized by A. consulting close friends and families before expanding the search to a wider, external group. B. the influence of advertising. C. looking through the internal records of a firm, often found on the company website. D. examining personal memories and knowledge. E. using the Internet to find what other consumers feel about a specific product or service.

Answers

Using the Internet to find what other consumers feel about a specific product or service is the  internal search is characterized, When consumers start searching for ways to satisfy needs.

How internet is helpful in finding out about things?

Internet is very useful in many ways for the consumers, some of them are-

It facilitates the person in viewing the reviews of the other person's views on the specific thingsit helps in finding out the best things that a person suits for themIt provides easy ecommerce service From which a person can buy things.It provides easy return, if something is not appropriate to use.

Thus, option E is correct.

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The Age Discrimination in Employment Act: Multiple select question. bans mandatory retirement in the airline industry bans mandatory retirement in most organizations bans firing of workers aged 15-25 allows age restrictions for airline pilots

Answers

Bans mandatory retirement in most organization is the Age Discrimination in Employment act. As they do not protect the under 40 age.

What is Age Discrimination in Employment Act?

In the age discrimination  in the employment act, the age above the 40 years old was forbid. It does not have any regulation or protection for the age under 40, but in some of the industries it is illegal to employ the young people over the old age people.

Thus, option B is correct.

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What happens when a driver selects the driving range option from 2023 leaf’s available ev info menu?.

Answers

When a driver selects the driving range option from 2023 leaf’s available info menu a map displays the driving range. This is further explained below.

What is driving?

Generally, driving is simply defined as the factors that are initiated to moving a car or vehicle.

In conclusion, An interactive driving range map appears in the 2023 leaf's accessible information menu when a driver picks the option.

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How do those who study workplace ergonomics help decrease workplace injury?.

Answers

Workplace injuries are used to prevent musculoskeletal problems at work. Ergonomics aids in the prevention of workplace injuries such as occupational diseases, accidents, mental stress, and major strains.

What is Ergonomics?

"Law of Work" is the most basic definition of ergonomics. Ergonomics is defined as the link between individuals and their workplace environment, with a focus on the workers' physical capabilities and comfort.

Workplace environment is healthy; employees should not be physically forced to perform duties; 8 hours of work per day is sufficient; otherwise, employees may experience mental stress as well as major workplace strains or injuries.

As a result, if workers are exposed to these known risk factors for MSDs, they are more likely to be injured at work.

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The law of demand states that, other things equal, when the price of a good Group of answer choices falls, the demand for the good rises. rises, the quantity demanded of the good rises. rises, the demand for the good falls. falls, the quantity demanded of the good rises.

Answers

Answer:

When the price of a good falls, the demand for the goods rises.

Explanation:

When there is an increase in price, the quantity of the goods demanded will fall. However, when prices are falling, the quantity of demand will fall.

What's price in economics

Answers

Answer:

the amount of money that has to be paid to acquire a given product.

I hope this helps! ^^

Answer:

Price is the value that a manufacturer will receive in exchange of service and goods.

In the context of using power ethically, managers should _____ for the ethical use of referent power.

Answers

In the context of using power ethically, managers should be cordial and polite for the ethical use of referent power. This is further explained below.

Who are managers?

Generally, managers are simply defined as the head of a company or group of employees.

In conclusion, Managers need to be kind and courteous. They must continually use authority and compel obedience.

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The accounting information of a privately held company is generally available to all of the following except for Group of answer choices competitors governmental agencies investors creditors and lenders

Answers

The accounting information of a privately held company is generally available to all of the following except for A. Competitors.

What is a privately held company?

A privately held company is a private company.

It does not sell its stock or shares to the public.

Examples of privately held companies include:

Sole proprietorshipsLimited liability corporations (LLCs)S corporations (S-corps)Some C corporations (C-corps).

Thus, the accounting information of a privately held company is generally available to all (governmental agencies, investors, creditors, and lenders) except for A. Competitors.

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Which of these is an example of qualitative data?

A. A report on the annual sales for a popular children's toy

B. The results of a survey asking whether someone prefers sweet or
sour candy

C. A graph showing how many times people purchase candles

D. A report on how many items were returned to a major clothing
store​

Answers

The results of a survey asking whether someone prefers sweet or sour candy

Lola is in the process of selecting a campaign type to suit her business objectives. Why is it important that she consider business objectives before choosing her campaign type?

Answers

Digital advertisement services will mechanically create advert messaging based on the marketing campaign kind Lola chooses. The marketing campaign kind selected will decide which advertisements seem and the layout of these advertisements.

What are Business Objectives?

Business objectives provide you the ability to monitor yourself and what kind of progress you are making. They offer a vital test that maintains you from turning blinded by your bias.

Objectives additionally assist to evaluate the personnel, in addition, to allowing personnel compare themselves.

Therefore, Digital advertisement services will mechanically create advert messaging based on the marketing campaign kind Lola chooses. The marketing campaign kind selected will decide which advertisements seem and the layout of these advertisements.

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Producing a bill of materials is a business process in which of the following functional areas? Group of answer choices Manufacturing and production Finance and accounting Sales and marketing Research and development Human resources

Answers

Producing a bill of materials is a business process in the functional area known as A. Manufacturing and production.

What is production?

It should be noted that production simply means the creation of a particular good that can be used by the consumers.

In this case, producing a bill of materials is a business process in the functional area known as manufacturing and production.

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