Mathew Johnston invested a total of $94,000 in the New Colony Pacific Region mutual fund. The management

Question:

Mathew Johnston invested a total of $94,000 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.80 percent of the total asset value.

Calculate the management fee Mathew must pay this year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

See More Books

Question Posted: Nov 12, 2023 02:48 AM

See More Questions

Consider the following balance sheet for a hypothetical financial institution, Bank A and Bank B Bank As Balance Sheet As Consider the following balance sheet for a hypothetical bank. All values are...
and old 15. What is the value of x after the following code segment is executed and why? boolean b=false;.! if (b=true) x=4; else x=3;
Mike Jackson invested a total of $22,000 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.80 percent of the total asset value. Calculate the management...
Suppose that the fixed cost for a product is $400 and the break-even quantity is 80. Find the marginal profit (the slope of the linear profit function).
Cummings, Okawa, and Taft are recent college graduates who want to form a corporation to manufacture and sell personal computers. Peterson tells them he will set in motion the formation of their...
In June, the following transactions occurred for Bettys Art Studio of Toronto: Required a. The ledger is already set up for you based on the Chart of Accounts. b. Journalize (all page 1) and post the...
Which partners best support you in your success?
Balthus Corp. reports the following components of stockholders' equity on December 31, 2015: Common stock-$1 par value, 320,000 shares authorized, 200,000 shares issued and outstanding . . . . . . ....
At age 20, someone sets up an IRA with an APR of 4%. At the end of each month he deposits $50 in the account. How much will the IRA contain when he retires at age 65? Compare that amount to the total...
1. Discuss the main issues faced by Yalla Momos. 2. Evaluate the current financial performance of Yalla Momos and compare his performance to the industry ratios. 3. Elaborate on the relevant factors...
Jane Ramirez owns shares in the Touchstone Small Cap fund that have a current value of $31,300. The fund charges an annual 12b-1 fee of 0.25 percent. What is the amount of the 12b-1 fee Ms. Ramirez...
Nina Collins purchased the New Dimensions bond fund. While this fund doesnt charge a front-end load, it does charge a contingent deferred sales load of 4 percent for any withdrawals in the first five...
Why do some economists believe that better inventory control software may help to reduce the frequency and severity of recessions? Could differences in technology explain why recessions appear to be...
If y = x ( 9 x + 5 ) , compute y ' .
1. Print out your name and section. 2. Create a java code to find speed of a car. a. Import the required codes to allow the user to enter data. b. The formula for speed is speed=distance/time. c. Ask...
Complete the square for 9 x 2 - 9 0 x + y 2 + 8 1 = 0
Factor completely. x10 2x5 +1
Which of the three essential financial statements is most important for your business for the feasibility plan? Explain your answer.
Solve. a.x5 = 50 b. 3(x = 3.1 c. x2 = - 121?
According during to the IRS, individuals filing federal income tax returns prior to March 31 received an average refund of $1,088 in 2018. Consider the population of "last-minute" filers who mail...
Discuss the characteristics of an adjustable- rate mortgage. What influences your choice of a fixed- or adjustable- rate mortgage?
What are the costs of renting a home?
Describe some of the costs of buying a home. Are there potential tax savings associated with buying a home?
18 Proprietary Ratio liquidity Accepted limits is 0.75:1 Total Shareholders Measures Funds conservatism of capital structure and Total Tangible Assets shows the extent of shareholders' funds in the...
On January 1, 2020, Blossom Wholesalers had Accounts Receivable 140,700, Notes Receivable 33,600, and Allowance for Doubtful Accounts 22,900. The note receivable is from Bramble Company. It is a...
In 2014, Citigroup experienced invoice fraud and reduced its net income from $13.9 billion to $13.7 billion. Multiple companies were involved in the accounts payable process, and Citigroup did not...

Mathew Johnston invested a total of $94,000 in the New Colony Pacific Region mutual fund. The management

Question:

Step by Step Answer:

To calculate the management fee Mathew must pay this year we ...View the full answer

Personal Finance

Students also viewed these Business questions