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.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 3E
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