Suppose an individual invests $31,000 in a load mutual fund for two years. the load fee entails an up-front commission charge of 3.5 percent of the amount invested and is deducted from the original funds invested. in addition, annual fund operating expenses (or 12b-1 fees) are 0.66 percent. the annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. investments in the fund return 5 percent each year paid on the last day of the year. if the investor reinvests the annual returns paid on the investment, calculate the annual return on the mutual funds over the two-year investment period

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: