Assume that one year ago, you bought 120 shares of a mutual fund for $33 a share, you received a $0.60 per-share capital gain distribution during the past 12 months, and the market value of the fund is now $38 a share.

a. Calculate the total return for your $3,960 investment.
b. Calculate the percentage of total return for your $3,960 investment.

a. Calculate the total return for your $3,960 investment= $672

b) percentage of total return  = 17%

Explanation:

Total return is the sum of capital appreciation  plus the distribution received over the course of the investment period.

Capital gain is the difference between the current value of the investment and the initial cost of the  investment

Total return = capital gain + distributed dividends

Capital gain= ($38 × 120) -  ($33× 120)

                  = $600

Distributed dividend = ($0.60× 120) = $72

Total return = $600 + $72 = $672

Percentage return =( total return/ cost of investment )   × 100

= 672/3,960 × 100

= 17%

a. Calculate the total return for your $3,960 investment= $672

b) percentage of total return  = 17%

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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