What is the nav per share on december

Assignment Help Financial Accounting
Reference no: EM132912732

Problem 1: On January 1 st , 2020, a mutual fund raised $45,000 by issuing 1,000 shares. On January 5 th , 2020, the fund bought 70 shares of IBM @ $120, 210 shares of Apple @ $143 and 417 shares of AMD @ $10. On December 31 st , 2020, IBM, Apple, and AMD stock prices were $122, $105, and $20, respectively. There was a 10-for-7 stock split in Apple stock on September 15 th , 2020. The fund borrowed $2,000 on December 21 st , 2020 from a bank to meet withdrawal requirement. What is the NAV per share on December 31 st , 2020?

Reference no: EM132912732

Questions Cloud

How do determine towson company net cash flows : Determine Towson Company's Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets
Do think that pattern of choices between a and b reasonable : A bettor with utility function U(x) = ln(x), where x is total wealth, Do you think that this pattern of choices between A and B is reasonable? Why or why not?
Explain how an audit committee could improve control review : Explain how an audit committee could improve its effectiveness on internal auditor's internal control review and oversight work
Evaluate professional development plan designed : Evaluating Professional Development to address the components of your professional development plan.
What is the nav per share on december : The fund borrowed $2,000 on December 21 st , 2020 from a bank to meet withdrawal requirement. What is the NAV per share on December 31st, 2020?
What are the long-run effects on inflation and output likely : If the central bank cares slightly more about stabilising output than about stabilising inflation, what would the central bank do in this situation?
Write a summative paper on seminal theories : Write a summative paper on seminal theories of governance and stewardship that inform effective organisational leadership in non-profit or for profit
Determine entries necessary to record current income taxes : Determine the entries necessary to record current and deferred income taxes for the 2021 year including any recoverable amounts
Find how much can claim on tax return for moving expenses : Jane spent 25 days staying in a hotel due to an unfortunate delay. How much can she claim on her 2020 tax return for moving expenses?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare journal entries to record debt issue and conversion

On January 1, 2018, HTL Manufacturers issued $100 million of 8% convertible debentures. Prepare the journal entries to record the debt issue and conversion.

  Find what the value of the option is

He (and his estate) will receive $10,000 next year (a year from today) and that sum will grow at 3% per year for ever. The value of this option is

  Develop a capitation rate for a primary care group

The HMO proposes a capitated per member per month (PMPM) premium to the hospital to provide obstetrical services to their members. What would the break-even premium be - Return on Equity remained constant at 12.0 percent. Why didn't Return on Equit..

  Prepare the balance sheet as of february

Prepare the balance sheet as of February 2, 2013, solving for the missing amount. As of February 2, did most of the financing for assets come from creditors or stockholders?

  Explain the corporate structure in terms of consolidation

Based on research from your chosen company, explain the corporate structure in terms of consolidation. How is it organized from a consolidated viewpoint?

  Express cash flow statement categories

Matching Items Reported to Cash Flow Statement Categories (Direct Method) - Lion Nathan, brewer of XXXX, Toohey's, and other well-known Australian brands, has net revenue of more than $2 billion (Australian).

  What is the amount of expenses for the year

Year amounted to 12,000 and unearned rent revenues were 8,000. Total rent revenues were 72,000. What is the amount of expenses for the year?

  How many years will take to exhaust the funds

How many years will it take to exhaust his funds, i.e., run the account down to zero? Your father's employer was just acquired, and he was given a severance

  What would strickler cash conversion cycle

What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year

  What is the estimated value per share of your firm stock

If the last dividend paid (DO) was $1, what is the estimated value per share of your firm's stock

  What situation could have caused these variances

In reviewing a variance analysis report you note that there was a very favorable materials price variance last month but unfavorable labor and materials efficiency variances. What situation could have caused these variances? What would you do to test..

  Impediment to the international convergence of accounting

Various attempts have been made to reduce the accounting diversity that exists internationally. Which factor do you believe represents the greatest impediment to the international convergence of accounting? Which factor do you believe creates the sma..

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