Answer: True
Explanation: A mutual fund is a collective pool of funds provided by a group of individuals to money managers for investment in various securities such as stocks and bonds.
Due to it's collective nature, every shareholder or investor benefits and loses in equal portion - and the expenses of the mutual fund are shared in the expense ratio.
Because the funds are invested into stocks, bonds and other securities, they usually have a lower risk than individual stocks or bonds.
Answer:
Total Asset = $2,598,200
Explanation:
Accounting equation : Asset = Equity + liabilities
Equity =common stock + retained earnings
= ( 5000*$400) + (40000 - 1800)
= $2,000,000 + 38200
= $2,038,200
Liabilities = $240,000 + 320000
= $560,000
Total Equity and Liabilities = 2038200 + 560000
= $2,598,200
double entry principle helps to ensure that the accounting equation is done e.g when common stock is issued contra entry is bank if cash is received.
Answer:
Investment on Gold Company 305,565
Goodwill 20,360
Carrying value 325,925
Explanation:
<em>Because our current control, we have to use the equity valuation</em>
<em>the net income increased our investment and the cash dividends decreased.</em>
beginning book value 275,400
+ 30% net income
30% of 125,600 = 37,680
-30% cash dividends
30% of 25,050 = (7,515)
ending I<u>nvestment on Gold Company 305,565</u>
<u />
<em>The goodwill will be amortized over 5 years using straight-line method</em>
<u>Goodwill</u>
300,850 - 275,400 = 25,450
life 5 years
25,450/5 = 5,090
amortization (5,090)
<u>Total 20,360</u>
Information systems for management. focuses on the development, usage, and effect of information systems utilized inside an organization, as well as behavioral and technical concerns related to these topics.
A management information system (MIS) is a type of information system used in organizations for information coordination, control, analysis, and visualization as well as decision-making. People, procedures, and technology are all involved in the organizational setting of the study of management information systems.
What three different types of management information systems are there?
Operational-level systems, management-level systems, and strategic-level systems are the three primary kinds of information systems that serve various organizational levels.
To know more about Information systems for management.
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