Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabilities, and 50 million shares outstanding. What is the net asset value (NAV) of these shares

The correct answer is $9 million.

Explanation:

According to the scenario, the given data are as follows:

Assets = $500 million

Liabilities = $50 million

Outstanding shares = 50 million

So, we can calculate the NAV by using following formula:

NAV = Net Assets ÷ Outstanding no. of share

Where, Net assets = Assets - Liabilities = $500 - $50 = $450 million

By putting this in formula, we get:

NAV = $450 ÷ 50

= $9 million

answer; ///i believe the correct answer is (350); (c) is your answer

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.