Actively managed funds typically have expense ratios of around 1.5%, which is [blank1] a year in expenses if you have $20,000 invested in the fund.

__________ is a structure that transports sugar around plants.

How does the result of the popular vote impact electoral votes for president and vice-president in most states?

Who represents their state at political national conventions to select a presidential nominee?

California holds a “modified” (or semi-) closed primary election for the office of the US President. This means [Check all that apply.]

You own a pizza shop and are considering introducing the innovative “upside down pizza”. It is messy, but tasty. If you move forward with this new menu item, you will only offer “upside down pizzas” for 5 years, after which you would shut the project down. You paid a consultant $2,000 to run several focus groups to determine if this was an idea your customers would like, and she said it was a good idea. The new machine would cost $280,000, and you would depreciate it over 10 years to an accounting salvage value of $30,000. After the project is over (end of year 5) you believe you can sell the machine for $62,000 (sale proceeds before tax). Your restaurant is open all 365 days of the year, and you think you will sell 50 “upside down pizzas” on average per day for a price of $14 each in Year 1. You will raise your per-unit price by $1 per year until the end of the project (e.g., year 1 = $14, year 2 = $15, year 3 = $16, year 4 = $17, year 5 = $18) You believe that these “upside down pizzas” will increase the sales of your beverages.  You believe this will increase by sales by 40 units per day.  These beverages sell for an average price of $4 each and cost on average $1.50 each; you anticipate this will remain constant for the entire project. The costs to prepare an “upside down pizza”is $10 per pizza. You need pay a specialist to operate the machine which will increase your fixed costs by $10,600 per year. Your accounts receivable balance will be calculated as 15% of this year’s revenue dollars.  Your inventory balance will be calculated as 10% of next year’s variable cost dollars. Your accounts payable balance will be calculated as 5% of this year’s variable cost dollars.  Given the increase in volume of sales, you need an extra refrigerator. You have a spare unit on hand and plan to use it. If you sold it today, the market price would be $4,500 (before tax). It has a current book value of $1,000. Your marginal tax rate is 21%. This project’s cost of capital (discount rate) is 15%. What is your NPV of this project? Format:  $XXX,XXX.XX or $XXX.XX or $-X.XXX.XX, so include the $, the decimal, and the comma (if needed) and round to the nearest cent.

If you buy one share stock at $50 and one year later, the price of the stock is $60, what is your capital gain? Assume there were no trading fees.

UPDATE   Which of the follow is the most difficult level of economic integration to achieve because countries must give up the greatest level of sovereignty?

_____________________ is genetic change within a population.

_________ is the embryonic tissue layer that makes the gut lining.