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lord [1]
1 year ago
9

Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They

offer small investors the benefits of diversification. C. They treat income as 'passed through' to the investor for tax purposes. D. They offer a variety of investment styles
Business
1 answer:
weeeeeb [17]1 year ago
4 0

(C) They treat income as 'passed through' to the investor for tax purposes.

<h3>What are mutual funds?</h3>
  • A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities.
  • The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.
  • Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account.
  • Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.
<h3>Who are investors?</h3>
  • A person who invests money does so in the hope of earning a profit or gaining an advantage in the future.
  • The majority of the time, the investor purchases some kind of property using these assigned funds.
<h3>What is tax?</h3>
  • Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
  • A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
  • Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.

Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.

Know more about mutual funds here:

brainly.com/question/4340765

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14-2B (Issuance and Retirement of Bonds) StarCenter Co. Is building a new music arena at a cost of $5,600,000. It received a dow
mezya [45]

Answer:

there are no requirements, but I assume that they ask about issuance costs and their amortization:

market price of the bonds:

PV of face value = $5,000,000 / (1 + 10%)²⁰ = $743,218

PV of coupon payments = $400,000 x 8.5136 (PV annuity factor, 10%, 20 periods) = $3,405,440

market price = $4,148,658

Journal entry to record issuance and bond issue costs

January 1, 2013

Dr Cash 4,088,658

Dr Discount on bonds payable 851,342

Dr Bond issue costs 60,000

    Cr Bonds payable 5,000,000

amortization of bond discount and issue costs = ($4,088,658 x 10%) - $400,000 = $8,865.80 ≈ $8,866

allocation to bond issue costs = ($60,000 / $911,342) x $8,866 = $583.71  ≈ $584

allocation to bond discount = $8,866 - $584 = $8,282

Journal entry to record first coupon payment

January 1, 2014

Dr Interest expense 408,866

    Cr Cash 400,000

    Cr Discount on bonds payable 8,282

    Cr Bond issue costs 584

4 0
2 years ago
You are a self-employed profit-maximizing consultant specializing in monopolies. Five firms are currently seeking your advice, a
djverab [1.8K]

Answer:

The answer is option A) The short run recommendation for a monopolistic firm is to remain at the current output level

Explanation:

In the short run, monopolistic firms could record losses but still continue to run in anticipation of a sustainable profit in the long run.

A self-employed profit-maximizing consultant specializing in monopolies understands that the short run losses experienced in a monopoly is also an advantage in that it reduces the participation of more players in the same industry/ market segment.

The best recommendation would be to remain at the current output level during the short run to cut losses, sustain patronage and then develop a long term strategy that will guarantee profitability in the long run.

6 0
3 years ago
Jinnah Company applies overhead on the basis of 200% of direct labor cost. Job No. 501 is charged with $180,000 of direct materi
Strike441 [17]

Answer:

The correct answer is $540,000

good luck

3 0
3 years ago
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification
Mazyrski [523]

<u><em>Explanation</em></u>:

<u>(a) FIFO</u>

In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.

(b) LIFO

Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29

(c) weighted average

This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.

(d) specific identification.

Here cost are just assigned to each individual item or batch of items in the period.

6 0
2 years ago
Which of the following are possible amounts for the third check and the cash that cindy deposited
Neko [114]

$122.04 in cash and a $206.64 check will be the possible amounts for the third check and the cash that cindy deposited.

Any household member who possesses an SSN is eligible to receive a payment under the third check. This is distinct from the first and second stimulus payments, which required at least one tax filer to have an SSN in order for the household to be eligible to receive the checks. Your third stimulus check, like the first two, is basically merely an advance payment of the Recovery Rebate tax credit for the 2021 tax year. Therefore, it won't be counted toward your taxable income. Similar to the first and second stimulus checks, there are income requirements in order to get the entire payout. No minimum income is required to be eligible for the payment.

the complete question is:

Which of the following are possible amounts for the third check and the cash that Cindy deposited?

a. no cash and a $303.68 check

b. $140.50 in cash and a $267.14 check

c. $99.32 in cash and a $155.55 check

d. $122.04 in cash and a $205.64 check

learn more about Rebate tax credit here

brainly.com/question/20374653

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6 0
1 year ago
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