Suppose money invested in a hedge fund earns 1% per trading day. there are 250trading days per year. answer the following questions: (a) what will be your annual return on $100 invested in the fund if the managerallows you to reinvest in the fund the 1% you earn each day? (b) what will be your annual return assuming the manager puts all of your dailyearnings into a zero-interest- bearing checking account and pays youeverything earned at the end of the year? (c) summarize when it is proper to ""annualize"" using apr (annual percentagerate) versus ear (effective annual interest rate).

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.