isaactatep808nj
17.12.2019 •
Business
At the beginning of the year, you invest $10,000 in an s& p 500 index fund. this fund charges an annual fee of 0.1% of your end-of-year assets at the end of the year. your friend invests $10,000 in an actively managed fund that charges 1.4% of end-of-year assets at the end of the year. before fees are taken into account, the index fund is up 9.0% at the end of the year while the actively managed fund is up 9.5%. after fees, how does your performance compare to your friend’s?
Solved
Show answers
More tips
- C Computers and Internet Are there special gaming mice?...
- L Leisure and Entertainment When will Maslenitsa start?...
- F Food and Cooking Discovering the Mysterious Fruit of Feijoa...
- B Business and Finance How to Open an Online Store? A Detailed Guide for Beginners...
- W Work and Career How to Write a Resume That Catches the Employer s Attention?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
Answers on questions: Business
- B Business Afood worker has just rinsed a dish after cleaning it.what should he do next?...
- B Business According to the depreciation rates used by the company and described in the Production Cost Report, if a company adds 70 new workstations at a cost of $75,000 each...
- B Business Which principles refers to the assumption that a project will be evaluated based on its incremental cash flows?...
- B Business Using WEKA software, answer the following questions based on the Phishing dataset provided. a) Draw a simple confusion matrix (general one, not from WEKA) of the possible...
- B Business Discuss the role of a budget in a grant proposal - why is it needed and why is it so important for funders. List the three other names the budget justification is also...
- C Computers and Technology State the base of correct addition of 27 + 6 =34...
- E English Which intellectual and artistic movement began in Europe as a reaction against Enlightenment rationality? A. romanticism B. modernism C. naturalism D. classicalism...
- S Social Studies What impact did writers have on the Renaissance?...
- M Mathematics Find the side of square whose perimeter. is 24.8cm....
- E English Here __ ( comes, come ) the bride and the groom....
Ответ:
we can say that we are are $92.40 richer
Explanation:
given data
invest = $10,000
annual fee = 0.1%
index fund = 9.0%
friend invests = $10,000
charges = 1.4%
actively managed fund = 9.5%
to find out
how does your performance compare to your friend’s
solution
we get here both performance and than compare by subtract them by each other
first we get here our performance that is = $10,000 × (1 + 9%) × (1-0.1%) 1
and friend performance that is $10,000 × (1 + 9.5%) × (1 - 1.4%) 2
now subtract equation 1 by 2
= $10,000 × (1 + 9%) × (1-0.1%) - $10,000 × (1 + 9.5%) × (1 - 1.4%)
= $92.40
so we can say that we are are $92.40 richer
Ответ:
$9,465
Explanation:
The computation of the true cash balance as on March 31 is shown below:
= Unadjusted cash balance as on March 31 - bank service charges - NSF check from a customer
= $9,700 - $25 - $210
= $9,465
These above two items are to be deducted
The other two items i.e outstanding checks and the deposit in transit are related to the bank balance and the same is not considered