The amount that was invested in the mutual fund

Assignment Help Financial Accounting
Reference no: EM13777978

An investor invested a total of $2,600 in two mutual funds.

One fund earned a 7% profit while the other a 3% profit. If the investor's total profit was $138, how much was invested in each mutual fund?

The amount that was invested in the mutual fund that earned 7% was $?

The amount that was invested in the mutual fund that earned 3% was $?

Reference no: EM13777978

Questions Cloud

Discuss expectations of changes in economic : Identify and discuss expectations of changes in economic, financial, and international conditions in the near future and identify the three most significant economic problems we currently confront. Also, identify the role monetary policy could play ..
Calculate the total family net worth : In 2000, in Country A, the average family net worth was $410,000, and there was about 6.1 x 10^7 families. Calculate the total family net worth Country A in 2000. Country A's total family net worth is what in dollars?
Overhead for the job of installing the irrigation system : Water ways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain which will require special-order sprinkler heads to meet the..
Themartinweight loss clinic maintains two patient files : TheMartinWeight Loss Clinic maintains two patient files—one for male clients and one for female clients. Each record contains the name of a patient and current total weight loss in pounds. Each file is in descending weight loss order. Design the logi..
The amount that was invested in the mutual fund : An investor invested a total of $2,600 in two mutual funds. One fund earned a 7% profit while the other a 3% profit. If the investor's total profit was $138, how much was invested in each mutual fund? The amount that was invested in the mutual fund t..
Upstream and downstream sales : Pace Company owns 85% of the outstanding common stock of Sand Company and all the outstanding common stock of Star Company. Prepare in general journal form the work paper entries necessary to eliminate intercompany sales and intercompany profit in th..
The program write a program to analyze all integers : Part 1: The Program Write a program to analyze all integers contained in two text files. Both text data input files will contain an unknown number of integers (in the range 1 - 999), separated by whitespace. There may be duplicate integers in the fil..
Generally considered to be non-value-added time : Inspection Time is generally considered to be non-value-added time. Operating assets include cash, accounts receivable, and inventory but not any depreciable fixed assets.
Examine the differences between a linear and augmented line : "Developing a Website" Please respond to the following: Examine the differences between a linear and augmented linear structure. Examine the differences between hierarchical and linear structures. Explain why a coherent structure is necessary. Provid..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Selling and administrative expenses adjusted to a cash basis

Selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would be

  How large must each annual payment be

Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 5 years. This interest rate is 10%.

  The specific purposes of this project arenbsp1 apply to

the specific purposes of this project arenbsp1. apply to actual companies the basic knowledge and analytical techniques

  Prepare a cash budget for the hale company

Prepare a cash budget for the Hale Company for the 2nd quarter of the year. Include April, May, June, and a quarter total in your budget.

  Limon company uses the chart of accounts shown below use

limon company uses the chart of accounts shown below. use the numbers preceding each title to create journal entries

  Discuss how legitimacy is managed through reporting

Discuss how legitimacy is managed through reporting by the two companies (in Item 3 above) from the perspectives of Stakeholder Theory and Legitimacy Theory

  Compute the forgone tax benefits of the old equipment

Calculate the removal costs of the existing equipment net of tax effects and compute the depreciation tax shield - compute the forgone tax benefits of the old equipment.

  Statement of cash flows as rent paid using the direct method

Ludwig Company's prepaid rent was $11,000 at December 31, 2012, and $14,000 at December 31, 2013. Ludwig reported rent expense of $24,000 on the 2013 income statement. What amount would be reported in the statement of cash flows as rent paid using th..

  1lets take that we also produce the plastic bottles for

1.lets take that we also produce the plastic bottles for containing the water. would the production of plastic bottles

  Question at the main street theater the cashier situated in

question at the main street theater the cashier situated in a box office at the entrance receives cash from customers

  Preparation of a classified balance sheet

Assume that Denis Savard Inc. has the following accounts at the end of the current year. Common Stock. Discount on Bonds Payable. Treasury Stock (at cost). Notes Payable (short-term).

  Question the chinese teapot company manufactures ceramic

question the chinese teapot company manufactures ceramic and plastic teapots. the companys western plant has changed

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