An analyst gathers the following information about a hedge fund:Beginning-of-year assets under management (AUM) $80,000,000Management fee (based on end-of-year AUM) 2.0%Incentive fee 20.0%Soft hurdle rate 5.0%Gross return for the year 12.5%If the incentive fee is calculated independently of the management fee, total fees for the year are:A.$3,000,000.B.$3,440,000.C.$3,800,000.

A hedge fund with $98 million of initial capital charges a management fee of 2% and an incentive fee of 20%. The management fee is based on assets under management at year end and the incentive fee is calculated independently from the management fee. The fee structure has a high-water mark provision. The fund value is $112 million at the end of Year 1, $100 million at the end of Year, and $116 million at the end of Year 3. The net-of-fees return earned by the fund in Year 3 is closest to:A.11.87%.B.12.33%.C.14.15%.

When Fund H started on 1/1/21, it had $318,225,000 in assets under management (AUM). The annual holding period return was 3.65% in 2021, -20.48% in 2022, and 31.48% in 2023.  Some investors redeemed shares, resulting in a net cash outflow of $120,204,000 on 12/31/21. There were also new investors buying the fund shares, resulting in a net cash inflow of $27,885,000 on 12/31/22. The time-weighted average return of the fund is ________ % per year during the three-year period.

Multiple Choice QuestionThe management fee of a mutual fund can range between 0.5% and Blank______% per year of a fund's total assets.Multiple choice question.31.52.52

Whan Fund H started on 1/1/21, it had $318,225,000 in assets under management (AUM). The annual holding period return was 3.65% in 2021, -20.48% in 2022, and 31.48% in 2023.  Some investors redeemed shares, resulting in a net cash out flow of $120,204,000 on 12/31/21. There were also new investors buying the fund shares, resulting in a net cash inflow of $27,885,000 on 12/31/22. The arithmetic average annual return of the fund is ________ % and the standard deviation is ________% during the three year period.

A company factored $51,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a:Multiple ChoiceDebit to Cash of $51,000, a debit to Factoring Fee Expense of $1,530, and credit to Accounts Receivable of $49,470.Debit to Cash of $51,000 and a credit to Notes Payable of $51,000.Debit to Cash of $51,000 and a credit to Accounts Receivable of $51,000.Debit to Cash of $49,470, a debit to Factoring Fee Expense of $1,530, and a credit to Accounts Receivable of $51,000.Debit to Cash of $52,530 and a credit to Accounts Receivable of $52,530.