Question A Franklin’s investment fund had a balance of $290,000 on January 1, 1995 and a balance of $448,000 two years later. The amount of interest earned during the two years was $34,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. Answer: September 26, 1996 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

Question A Franklin’s investment fund had a balance of $290,000 on January 1, 1995 and a balance of $448,000 two years later. The amount of interest earned during the two years was $34,000, and the annual yield rate on the fund was 5.4%. Estimate the (dollar-weighted) average date of contributions to the account. Answer: September 26, 1996 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 1MC

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Problem #11: Suppose that on January 1, 2021 the balance on a fund is $14940. Suppose that there are contributions to the fund of $5920, $2954, and $5916 made, respectively, on the first day of March, September, and November 2021. In addition, suppose that there are withdrawals from the fund of $5099 and $9068 made, respectively, on the first day of May and September. Finally, suppose that the balance of the fund on the last day of February, April, August, October, and December 2021 is, respectively, $28739, $36236, $32115, $30305, and $16445. (a) Find the dollar-weighted rate of return for the year. (b) Find the time-weighted rate of return for the year. (A) 5.2% (B) 5.59% (C) 5.33% (D) 5.72% (E) 5.46% Problem #11(a): Select v (A) 9.64% (B) 9.77% (C) 9.25% (D) 9.51% (E) 9.38% Problem #11(b): Select v
QUESTION 1 What is the amount of the periodic payment made at the beginning of every month into a fund that is growing at 4.5% compounded monthly, if the accumulated value at the end of 5 years is $75,000? P/Y= C/Y = N = IY = PV = PMT = (Round accurate to two decimal places.) FV = Click Save and Submit to save and submit. Click Save All Answers to save all answers.
B 2. Deposits of $6000 are made every 6 months into a fund starting today and continuing until 10 deposits have been made. Six months after the last deposit, there is $70 630 in the fund. What nominal rate of interest, j2, do the deposits earn?
Question An amount of $14951 is deposited into a fund that earns a nominal annual rate of interest is 4.4% compounded quarterly. The fund will be used to make quarterly payments of $600 at the end of every 3 months for as long as possible. A smaller payment X is to be paid along the last regular payment to completely deplete the fund. Compute the amount of the payment X. Possible Answers A 168.12 B 165.23 с 123.45 Ꭰ 134.67 E 459.15
For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) MANAGER L MANAGER M Total Funds Contributions/ Total Funds Contributions/ Quarter Under Management Withdrawals Under Management Withdrawals Initial $513,000 — $721,000 — 1 530,000 10,000 697,000 -34,000 2 540,000 5,500 652,000 -34,000 3 564,000 10,500 633,000 -34,000 4 591,000 3,500 618,000 -34,000 5 605,000 11,000 605,000 -34,000 For each manager, calculate: her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): % Money-weighted return (Manager M): % her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Time-weighted…
webwork / mat110e_oncampus_f/ finance.set.3/6 Finance.set.3: Problem 6 Previous Problem Problem List Next Problem Eugene began to save for his retirement at age 31, and for 15 years he put $ 425 per month into an ordinary annuity at an annual interest rate of 9% compounded monthly. After the 15 years, Eugene was unable to make the monthly contribution of $ 425, so he moved the money from the annuity into another account that earned 9% interest compounded monthly. He left the money in this account for 19 years until he was ready to retire. How much money did he have for retirement? Retirement amount = If Eugene had waited until he was 43 years old to start saving for retirement and then decided to put money into an ordinary annuity for 22 years earning 9% interest compounded monthly, what monthly payment would he have to make to accumulate the same amount for 2. retirement as you found in the first part of the question? Retirement amount = 3.
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Review problem affecting reporting on General Fund As the recently appointed chief accountant of the City of York, you asked the bookkeeper for a trialbalance of the General Fund as of December 31, 2022. York uses only a General Fund to recordall its transactions. This is what you received: City of York General Fund Trial Balance December 31, 2022 Debits Credits Cash $20,800 Short-term investments 180,000 Accounts receivable 11,500 Taxes receivable—current 30,000 Tax anticipation notes payable $58,000 Appropriations 927,000 Expenditures 795,200 Estimated revenues 927,000 Revenues 750,000 General city property 98,500 General obligation bonds payable 52,000 Unassigned fund balance 380,000 $2,115,000 $2,115,000 After reviewing the trial balance, you realize that the inexperienced bookkeeper made errors onsome transactions and merely guessed at the correct accounting treatment of other transactions.This is what you found…
Question 5 of 8 Courtney invested the profit of his business in an investment fund that was earning 2.25% compounded monthly. In 3 years, he began withdrawing $4,500 from this fund at the end of every 6 months. If the money in the fund lasted for the next 6 years, how much money did he initially invest in the fund? Please include a well-labelled timeline diagram. Full solutions should be shown on separate sheets of paper. Submit your solutions. $ Round to the nearest cent %24
For each of the past six quarters, Managers L and M have provided you with the totaldoUar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.)MANAGER l MANAGER MTotal Funds under Contributions/ Total Funds under Contributions/Quarter Management Withdrawals Management WithdrawalsInitial $500,000 $700,0001 527,000 12,000 692,000 - 35,0002 530,000 7,500 663,000 - 35,0003 555,000 13,500 621,000 -35,0004 580,000 6,500 612,000 - 35,0005 625,000 10,000 625,000 - 35,000For each manager, calculate:a. Her money-weighted returnb. Her time-weighted returnc. Estimates of her quarterly performance returns using the Dietz approximation method,assuming that contributions/ withdrawals are made exactly halfway through the quarter
Amount in fund on 1/1/20: $4,500,000 Amount in fund on 5/1/20 just before transaction: $4,600,000 Transaction: Withdrawal of $800,000 Amount in fund on 8/1/20 just before transaction: $4,000,000 Transaction: Deposit of $400,000 Amount in fund on 12/13/20: $4,600,000 Calculate the Time-Weighted Rate of Return for the fund for the year 2020
For each of the past six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) MANAGER L MANAGER M Quarter Total Funds Under Management Contributions/ Withdrawals Total Funds Under Management Contributions/ Withdrawals Initial 500,000 - 700,000 - 1 527,000 12,000 692,000 (35,000) 2 530,000 7,500 663,000 (35,000) 3 555,000 13,500 621,000 (35,000) 4 580,000 6,500 612,000 (35,000) 5 625,000…