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Describe what is meant by prepaid expenses and give two examples.
Net Asset Value
Net Asset Value (NAV) is the per-share value of a mutual fund or ETF, calculated by dividing the total value of all the assets in the portfolio, minus liabilities, by the number of shares outstanding.
Liabilities
Liabilities are financial obligations or debts that a company or an individual owes, which are expected to be paid in the future.
Market Value
Market value is the current value at which an asset, company, or security can be bought or sold in the marketplace, determined by supply and demand dynamics.
Sales Commission
A payment made to a salesperson or broker for facilitating a sale, typically calculated as a percentage of the sale price.
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