The Closed Fund is a closed-end investment company with a portfolio currently worth $260 million. It has liabilities of $2 million and 6 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $40 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.)

Answer:

Galaxy Corp.

1. Based on the preceding information and rounding dollar amounts to the nearest whole dollars, the company expects the selling price in the fourth year of the project to be__$17,172___ , and it expects the cost per unit in the fourth year of the project to be ___$7,544___.

2. The CORRECT statement about inflation's effect on net present value (NPV) is:

B. When the selling price and cost per unit are expected to increase at the same rate, you do not need to take inflation into account when performing a capital budgeting analysis.

Explanation:

a) Data and Calculations:

Expected selling price of iToy = $15,250 per unit

Expected cost of producing iToy = $6,700 per unit

Expected annual increase in selling price and cost per iToy = 3.00%

The expected selling price in the fourth year of the project = $15,250 * (1 + 0.03)^4

= $17,172 ($15,250 * 1.126)

The expected cost per unit in the fourth year of the project = $7,544 (6,700 * 1.126)

Question Completion:

Behavioral Considerations and Budgeting Anthony Wagner, the controller in the Division of Transportation for the state, recognizes the im ance of the budgetary process for planning, control, and motivation purposes. He believes that properly implemented participative budgeting process for planning purposes and a management by exception reporting procedure based on that budget will motivate his subordinates to improve productivity within their particular departments. Based on this philosophy, Wagner has implemented the following budget procedures:

An appropriation target figure is given to each department manager. This amount is the maximum funding that each department can expect to receive in the next fiscal year Department managers develop their individual budgets within the following spending constraint as directed by the controller's staff:

1. Expenditure requests cannot exceed the appropriation target

2. All fixed expenditures should be included in the budget: these should include items such . . as contracts and salaries at current levels

3. All government projects directed by higher authority should be included in the budget in their entirety. The controller consolidates the departmental budget requests from the various departments into one budget that is to be submitted for the entire division. Upon final budget approval by the legislature, the controller's staff allocates the appropriation to the various departments on instructions from the division manager. However, a specified percentage of each department's appropriation is held back in anticipation of potential budget cuts and special funding needs. The amount and use of this contingency fund are left to the discretion of the division manager Each department is allowed to adjust its budget when necessary to appropriation level. However, as stated in the original directive, specific projects authorized b higher authority must remain intact. The final budget is used as the basis of control for a management by exception form of reporting. Excessive expenditures by account for each department are highlighted on a monthly basis. Department managers are expected to account for all expenditures over budget. Fiscal responsibility is an important factor in the overall performance evaluation of department managers .Each department is allowed to adjust its budget when necessary to operate within the reduced · Wagner believes that his policy of allowing the department managers to participate in the budget process and then holding them accountable for their performance is essential, e these times of limited resources.

Answer:

Deficiencies in Wagner's Participative Budgeting Policy

1. Fixed costs are not controllable by managers.  This defeats, to a large extent, the idea of participative budgeting policy by Wagner as his departmental managers' performances are evaluated based on goals they have not set for themselves.

2. Wagner's participative budgetary policy allows him to revise some approved budgets arbitrarily without seeking the participation of divisional managers in the revision.  This negatives the principle of participation.

Explanation:

An effective participating budgeting process ensures the utilization of specialist knowledge of the participants who are close to the daily operations of their departments. An effective process ensures the setting of more realistic and acceptable goals.  A good participative budgetary policy wins managers' commitment, improves communication and accountability, and ensures group cohesiveness.

Answer:

6) Forecasts:

Explanation:

Considering the available options the output in the systems thinking example of a decision support system is FORECASTS

Given that the Direct Support System's output is any form of representation that is a proud t of DSS input. It is usually in form of graphical objects, forms, or tables. This output shows the information that is derived from input analysis. It is used to support the decision-making process.

Hence, in this case, the correct answer is "Forecasts"

Answer and Explanation:

a. The calculation of the total machine setups and inspection costs assigned to each product is given below:

Single overhead rate is

= ($49,470 + $73,870) ÷ (2,600 + 2,400)

= $24.668

Now the dining chairs cost is

= $24.668 ×2,600

=$ 64,137

And, for tables, it is

= $24.668 × 2,400

= $59,203

hence, the same should be considered

Answer and Explanation:

The computation is shown below;

(a)-Caterpillar’s book debt-to-value ratio

Caterpillar’s book debt-to-value ratio is

= Debt ÷ [Debt + Book Value of Equity]

= $24.80 Billion ÷ [$24.80 Billion + (0.595 Billion Shares × $23.00 per share)]

= $24.80 Billion ÷  [$24.80 Billion + $13.69 Billion]

= $24.80 Billion ÷ $38.49 Billion

= 0.64

(b)- Caterpillar’s market debt-to-value ratio

Caterpillar’s book Market debt-to-value ratio is

= Debt ÷ [Debt + Market Value of Equity]

= $24.80 Billion ÷ [$24.80 Billion + (0.595 Billion Shares × $154.80 per share)]

= $24.80 Billion ÷ [$24.80 Billion + $92.11 Billion]

= $24.80 Billion ÷ $116.91 Billion

= 0.21

(c)-Best measure to determine the company’s cost of capital is the market value  

Answer:

Following are the responses to the given question:

Explanation:

Note that others will therefore increase his age by two percent from 2009 to 1992.

[tex]\Delta age_{i}=2 \ \ \ where \ \ i =1,2,....,n[/tex]

And if the trend is running:

 [tex]\Delta saving_{i}=\beta _{0}+\beta _{1}\Delta age_{i}+...+u_{i}[/tex]

We're breaking MLR.3 as [tex]\Delta agei[/tex] it's the same for all -> No different from a permanent designer cannot immediately distinguish the influence of age from the aggregate time effect because age changes per person by the same amount.

Answer:

1. Perpetuity.

2. Opportunity cost of funds.

3. Annual Percentage rate.

Explanation:

1. Perpetuity: a series of equal (constant) cash flows (receipts or payments) that are expected to continue forever. It's typically a cash flow stream generated through a share of preferred stock and is often expected to pay dividends to the holders every quarter for an indefinite period of time.

2. Opportunity cost of funds: one of the four major time value of money terms; the amount to which an individual cash flow or series of cash payments or receipts will grow over a period of time when earning interest at a given rate of interest. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

3. Annual Percentage rate: value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12-month period. An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed from an individual or a financial institution.

Answer:

1. Dr Petty Cash $527

Cr Cash $527

2. Dr Office Supplies 58

Dr Selling Expenses $123

Dr Cash Over and Short $8

Cr Cash $173

Explanation:

1. Preparation of the Journal entry to replenish petty cash

March 1

Dr Petty Cash $527

Cr Cash $527

(To replenish petty cash)

2. Preparation of the journal entry to Record any discrepancy in the cash short and over account.

March 31

Dr Office Supplies 58

Dr Selling Expenses $123

Dr Cash Over and Short $8

($173-$58-$123)

Cr Cash $173

($527-$354)

(To Record any discrepancy in the cash short and over account)

Answer: Direct negotiation

Explanation:

Since the firm repurchases shares from a major shareholder through privately determined discussions, then this is referred to as a direct negotiation.

A direct negotiation occurs when a company approaches one or some if it's largest shareholders directly so that the company can buy back the shares that was sold to them by the company back from them. In this case, the shares purchase price will include a premium.

Answer:

Their maximum permitted contribution to a Coverdell Education Savings Account for 2019 is $1,200 that is Option c.

Explanation:

[tex]=\frac{202000-190000}{30000} \\= 0.40(2000)[/tex]

= $800 is disallowed.

So, $1200 is allowed.

Answer:

1. The payback period is:

= 3 years

2. The benefit-cost ratio is:

= 1.1

Explanation:

a) Data and Calculations:

                                   Leasing Computer    Buying Computer &

                                        with Software       Leasing Software

Annual lease payment     $5,000                      $3,500

Cost of computer                                                $7,500

Salvage value of computer                                   $500

Usage period                       8 years                   8 years

Interest rate                         5%                           5%

Present value annuity factor 6.463                    6.463

Present value factor for salvage                        0.677

Present value of annuity    $32,315                $29,782 ($22,621 + $7,500 - 339)

$22,782 = ($3,500 * 6.463 + $7,500 - ($500 * 0.677))

Benefit-cost ratio = $32,315/$29,782 = 1.1

Answer: The money spent is worth the boost it gives to the corporate image

Explanation:

Corporate social responsibility gives companies a good image and can help a company improve its brand and revenue.

Since the restaurant chain sponsors a charity that provides support to the parents of children being treated for cancer, the use of the funds of the company will be justified when the money that's spent is worth the boost it gives to the corporate image.

Answer:

The key aspect of any business, company, or employer is customer service goals.

Explanation:

A customer service department and the staff represent the company and contribute to building the company's public perception. Customer service objectives are specific objectives and guidelines put in place by an enterprise to ensure that every client is 100% satisfied with the services provided by the enterprise. Excellent customer service means that every customer's needs and desires can be met promptly. A customer should never get away with a company or leave a place unhappy.

Improve customer service measurement

Customers goals :

Answer:

1.79

Explanation:

Quick ratio = (Current assets - Inventory - Prepaid expenses) / Current liabilities

Quick ratio = (Account Receivable + Cash + Marketable securities) / (Account Payable + Accrued liabilities + Notes payable)

Quick ratio = (66,433 + 22,494 + 34,976) / (33,411 + 6,512 + 29,393)

Quick ratio = $123,903 / $69,316

Quick ratio = 1.78751

Quick ratio = 1.79

Answer: To the extent that Inside Information is not disclosed.

Explanation:

U.S. law prohibits people from being able to disclose inside information so if you pass on the information about the impending bankruptcy to a family member, you would be in violation of this law and if found out, will be punished accordingly.

If however, you advice your family member not to invest based on analysis of the company (of which you must keep detailed records of) using mosaic information which is public information, then you would not have used inside information so it would not be illegal.

Answer:

a. Salary for the second year:

Salary is to increase by 4% in second year.

= 53,000 * (1 + 4%)

= $55,120

b. Third year salary:

Second year salary will increase by 5.5%

= 55,120 * (1 + 5.5%)

= $58,151.60

c. Fourth year salary:

Third year salary to increase by 11.1%

= 58,151.60 * (1 + 11.1%)

= $64,606.43

Answer:

50 units

Explanation:

Particulars                                Physical units  % Conversion  EUP-Conversion

Ending Work-in-Process                200                   25%              50 (200*25%)

Equivalent unit of production      200                                        50

So, the total equivalent units in ending inventory for assignment of conversion costs is 50 units.

Answer:

price; quantity demanded.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.

According to the law of demand, there exist a negative relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

In conclusion, the downward slope of the demand curve again illustrates the pattern that as price of goods and services rises, quantity of goods and services demanded decreases.

Answer:

$3,876,667

Explanation:

Capitalized cost = $2,000,000 + ($100,000 / 0.06) + [[$1,000,000*(A/F, 6%, 30)] / 0.06]

Capitalized cost = $2,000,000 + $1,666,667 + [$1,000,000*(0.0126)] / 0.06

Capitalized cost = $2,000,000 + $1,666,667 + $210,000

Capitalized cost = $3,876,667

So, the value of the capitalized cost of th e facility is $3,876,667.

Answer:

According to the numbers in the article

smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.

Explanation:

Inelasticity means that price changes do not affect the demand for smoking among adults.  When the habits of consumers to smoke are not determined by the change in the price of the item, the demand is described as inelastic.  In other words, a change in the price of the good or service does not generate a corresponding change in the quantity demanded. Inelasticity, as an economic term, states that the quantity demanded of a good or service remains static when there is a change in its price.

Answer: $195000

Explanation:

The actual manufacturing overhead refers to the true costs which are incurred during production and this include factory supplies used, indirect materials, insurance, depreciation, factory taxes, etc.

Here, the debit of $195,000 is the actual manufacturing overhead while the credit of $203000 is the allocated manufacturing overhead.

Answer:Preferred shares are an asset class somewhere between common stocks and bonds, so they can offer companies and their investors the best of both worlds Some companies like to issue preferred shares because they keep the debt-to-equity ratio lower than issuing bonds and give less control to outsiders than common stocks.

Answer:

Income from operation will decrease by $50,000

Explanation:

given data

inventory of a manufactured = 5,000 units

to find out

effect on income from operations

solution

as we know that in the absorption costing both variable cost and fixed cost are included in the cost of production

so that as under variable costing only the variable manufacturing cost are included in the cost

and

if absorption costing is used the inventory level that will be increased  by10 ×  5000 =  $50,000

so Income from operation will decrease by $50,000

so correct option is c.$50,000 decrease

Balance sheet as what that might be will indeed be underestimated. A further explanation is provided below.

A $50,000 automobile has been purchased. This is a level of investment. Throughout acquisition, it should not be recognized as an expense. Yearly trucking depreciation would be to be determined employing the truck's anticipated lifespan.

So the preceding response is correct.

Learn more about the income statement here:

https://brainly.com/question/14088212

lol btw u play ml? or growtopia?

Answer:

The map misrepresents the scale of orange production in the United States, because even in the U.S. is an important orange producer, the map conveys the idea that the U.S. as a whole is a producer, when it only produces oranges in a few states, with almost the entirety of the production being located in Florida.

A more accurate map would clarify this in a textbox or a note, or would have the state of Florida colored in a way that highlights that the production of oranges in the U.S. comes almost exclusively from this state.

Answer:

What language is this?

Explanation:

Answer:

Leander Mfg.

Human resources cost assigned to other departments:

Administration                     100,800 (10%)

Maintenance                        151,200 (15%)

Assembly                            403,200 (40%)

Finishing                             352,800 (35%)

Total HR costs               $1,008,000

Explanation:

a) Data and Calculations:

                                    Human Resource  Administration  Maintenance

Direct costs incurred        $1,008,000         $1,562,400      $476,000

Human resources                                                10%                   5%

Administration                       10%                                                15

Maintenance                         15                           10

Assembly                              40                          50                   45

Finishing                               35                          30                   35

Allocation of Costs:

                                    Human Resource  Administration    Maintenance

Direct costs incurred  $1,008,000            $1,562,400            $476,000

Human resources      ($1,008,000)                100,800                151,200

Administration                  100,800 (10%) ($1,663,200)              184,800

Maintenance                     151,200 (15%)        184,800 (10%) ($812,000)

Assembly                        403,200 (40%)      924,000 (50%)   456,750 (45%)

Finishing                         352,800 (35%)      554,400 (30%)   355,250 (35%)

Human resources cost assigned to other departments:

Administration                     100,800 (10%)

Maintenance                        151,200 (15%)

Assembly                            403,200 (40%)

Finishing                             352,800 (35%)

Total HR costs               $1,008,000

Administration costs assigned to other departments:

Maintenance                             184,800 ($1,663,200 * 10/90)

Assembly                                 924,000 ($1,663,200 * 50/90)

Finishing                                  554,400 ($1,663,200 * 30/90)

Total administration costs $1,663,200

Maintenance costs assigned to other departments:

Assembly                              456,750 ($812,000 * 45/80)

Finishing                               355,250 ($812,000 * 35/80)

Total administration costs  $812,000

Answer:

Sandy Bank

Explanation:

to determine which bank  Peterkin would prefer a loan from, calculate the effective annual interest rate

the bank with the lower effective annual interest rate would be preferred

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

Sandy Bank : (1 + 0.06/12)^12 - 1 = 0.062 = 6.2%

Money Plus Bank = 6.8

Sandy bank has a lower effective annual interest rate and would be preferred for the loan

Answer:

The data partition does not occur in a single step

Explanation: