1. Last year Apple charged $3,962,133 Depreciation on the Income Statement of Andrews. If Apple sold a fully depreciated piece of equipment at a loss, the effect on Andrews's financial statements would be (all other items remaining equal):
Increase Net Cash from operations
No impact on Net Cash from operations
Decrease Net Cash from operations on the Cash Flow Statement
Just impact the Balance Sheet
2. An investor purchases a mutual fund for $40. The fund pays dividends of $1.70, distributes a capital gain of $4, and charges a fee of $4 when the fund is sold one year later for $42.30. What is the net rate of return from this investment?
Rate of return %