The Blue Star Fund Has Assets with a Market Value

question 68

Multiple Choice

The Blue Star Fund has assets with a market value of $8.6 million and liabilities of $513,000. What is the net asset value if there are 163,000 shares outstanding?

• A)$48.32
• B)$49.12
• C)$49.61
• D)$49.98
• E)$50.13

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Definitions:

Direct Labor-Hours

A measure of the work done by production workers, calculated in hours.

Variable Overhead

Variable overhead refers to costs that change in proportion to the production activity or business operations levels, such as utilities or materials.

Direct Materials

Ingredients that are identifiable in the production process of a product and serve as fundamental elements of the end product.

Direct Labor-Hours

The overall hours dedicated by workers who are directly contributing to the production line.