A Mutual Fund Had Year-End Assets of $250,000,000 and Liabilities

question 25

Multiple Choice

A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000.There were 3,750,000 shares in the fund at year-end.What was the mutual fund's Net Asset Value?

• A)$92.53
• B)$67.39
• C)$63.24
• D)$65.60
• E)$17.46

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Definitions:

Upstream Inventory Transfers

Transactions where goods are sent from a subsidiary to the parent company, often analyzed for transfer pricing and tax purposes.

Downstream Inventory Transfers

The movement of inventory from a parent company to a subsidiary or between subsidiaries, typically involving finished goods or products closer to the end of the supply chain.

Year-end Consolidation

The process of combining and integrating all financial statements and data of a corporation and its subsidiaries at the end of the fiscal year to produce consolidated financial statements.

Cost of Goods Sold

The financial charges directly linked to the fabrication of products sold by a company, involving both materials and labor input.