Angel Hart Bought 190 Shares of a Mutual Fund with an NAV

question 71

Short Answer

Angel Hart bought 190 shares of a mutual fund with an NAV of $14.10. This fund also has a load charge of 6 3/4%. (A)What is the offer price (round to the nearest cent), and (B)what did Angel pay for the investment?

Learn about the diminishing returns of resource utilization and its effect on MRP.

Grasp the significance and implications of substitution and output effects in resource allocation.

Understand productivity measures and their calculation.

Recognize the influence of competition on MRP and resource demand.

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Definitions:

Standard Costs

Predetermined or estimated costs used to compare against actual costs, serving as a benchmark for measuring financial performance.

Work in Process

Work in process refers to the materials and goods partially completed during the manufacturing process.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost, indicating how effectively materials costs are managed.

Raw Materials

The basic materials and substances used in the initial stages of production.