Calculate the management fee mike must pay this year

Assignment Help Accounting Basics
Reference no: EM133173231

Question - Mathew Johnston invested a total of $22,500 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.60 percent of the total asset value. Calculate the management fee Mike must pay this year.

Reference no: EM133173231

Questions Cloud

Prepare journal entry to record impairment of debtsecurities : Investment in debt securities of FourSquare Company $3,390,000. Prepare the journal entry to record the impairment of the debt securities at December 31, 2021
Determine the markup percent for jamie restaurant : Jamie also estimated that selling and administrative (S&A) expenses would be $26,000. Determine the markup percent for Jamie's restaurant
Positively support literacy-rich learning environment : Justification for participants explaining how the professional development will positively support a literacy-rich learning environment.
How much interest is earned : Question - How much interest is earned in the 12 th year of a 25-year $1,050 investment earning 10.20% annually
Calculate the management fee mike must pay this year : The management fee for this particular fund is 0.60 percent of the total asset value. Calculate the management fee Mike must pay this year
Ethical dilemma-can i keep this child : To whom do you have responsibilities? Whom and what do you have to consider in making a decision? What action(s) would you take in resolving this situation?
How much should she have in her back account today : At an interest rate of 4.5% compounded semi-monthly, how much should she have in her back account today to cover for both future trips
Determine the inventory value of the gloves by fifo method : The year-end inventory revealed a total of 163 gloves in stock: Determine the inventory value of the gloves by the FIFO method
How much should be recognized as dividends : Islands Co. has 200,000 outstanding common shares. On Dec 30, 2013, Islands declared a 3% stock dividend. How much should be recognized as dividends

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are some internal control measures

What are some internal control measures that could prevent a hacker from altering data in your company database?

  What are the steps in the decision making process

What are the steps in the decision making process? Share experiences you may have in the decision-making process at your work

  A building that was purchased on december 31 2000 for

a building that was purchased on december 31 2000 for 2500000 was originally estimated to have a life of 50 years with

  Assuming the weighted average method is utilized

Pie Safe company's beginning work in process inventory included 10,000 units that are 20% complete with respect to direct labor costs. A total of 35,000 units are completed this month.

  What is the depreciable basis for the office equipment

Barber Corporation purchased all the assets of TECO Corporation for $1,820,000. What is the depreciable basis for the office equipment

  Calculate the unit product cost using each method

Explain the difference between absorption costing and variable costing methods. How does each treat fixed manufacturing overhead? Provide an example.

  What impact will have on fiscal financial? reporting

What impact will this have on fiscal 2019 financial? reporting? Assume that a? $100 purchase invoice received close to? year-end is not recorded

  Lasted co is planning to sell 400 hair dryers and produce

lasted co. is planning to sell 400 hair dryers and produce 320 hair dryers during march. each hair dryer requires 600

  Calculate the gross margin as a percentage of sales

Required - For each year, calculate the following ratios (1) Gross margin as a percentage of sales and (2) Inventory turnover

  What is included in the journal entry necessary

A company issued 20,000 shares of common stock for $30 per share in cash. What is included in the journal entry necessary

  Evaluate Brian behavior

Using the IMA's four principles of ethical conduct, evaluate Brian's behavior. HAS HE ACTED IN AN ETHICAL MANNER? WHY

  Discuss the condition required to hedge the position

Explain the number of shares necessary and the condition required to hedge the position

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd