or each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the ontributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbe MANAGER L MANAGER M Total Funds Contributions/ Total Funds Contributions/ Quarter Under Management Withdrawals Under Management withdrawals Initial $487,000 $699,000 1 513,000 11,000 688,000 -37,000 2 529,000 5,500 666,000 -37,000 3 542,000 11,500 617,000 -37,000 4 577,000 2,500 631,000 -37,000 5 604,000 17,000 611,000 -37,000 pr each manager, calculate: a. her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): % Money-weighted return (Manager M): % b. her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places.

or each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the ontributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbe MANAGER L MANAGER M Total Funds Contributions/ Total Funds Contributions/ Quarter Under Management Withdrawals Under Management withdrawals Initial $487,000 $699,000 1 513,000 11,000 688,000 -37,000 2 529,000 5,500 666,000 -37,000 3 542,000 11,500 617,000 -37,000 4 577,000 2,500 631,000 -37,000 5 604,000 17,000 611,000 -37,000 pr each manager, calculate: a. her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): % Money-weighted return (Manager M): % b. her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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