The balance in an account on January 1st is $50,000. On April 1st, the balance is $51,000 and adeposit (positive transaction) of S1,200 is made. On July 1st, the balance is $60,000 and a deposit(positive transaction) of $X is made. On October 1st, the balance is $65,000 and a deposit (positivetransaction) of $2,500 is made. The balance on December 3st is $55,000. Given that the Dollar-weighted rate of return is 0%, determine the time-weighted rate of return.

TWR=[(1+HP1)×(1+HP2)×⋯×(1+HPn )] −1 where: TWR= Time-weighted return n= Number of sub-periodsHP=…

The balance in an account on January 1st is $50,000. On April 1st, the balance is $51,000 and a deposit (positive transaction) of $1,200 is made. On July 1st, the balance is $60,000 and a deposit (positive transaction) of SX is made. On October 1st, the balance is $65,000 and a deposit (positive transaction) of $2,500 is made. The balance on December 3st is $55,000. Given that the Döllar- weighted rate of return is 0%, determine the time-weighted rate of return.

The balance in an account on January 1st is $50,000. On April 1st, the balance is $51,000 and a deposit (positive transaction) of $1,200 is made. On July 1st, the balance is $60,000 and a deposit (positive transaction) of SX is made. On October 1st, the balance is $65,000 and a deposit (positive transaction) of $2,500 is made. The balance on December 3st is $55,000. Given that the Döllar- weighted rate of return is 0%, determine the time-weighted rate of return.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 2E: On October 31, the Vermillion Igloos Hockey Club received 800,000 in cash in advance for season...

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