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3 years ago

Which of the following is true about open-end mutual funds?

1 answer:

6 0

The truth about open-end mutual funds is that they are bought or sold at their net asset value.

Open-end mutual fund is a type of fund which shares are bought and sold on demand at their net asset value, or NAV, which is based on the value of the fund's underlying securities and is generally calculated at the close of every trading day.

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Grace, James, Helen, and Charles each own equal interests in GJHC Partnership, a calendar-year-end, cash-method entity. On Janua

Sloan [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

3 0

3 years ago

Fernandez Company had an accounts receivable balance of $150,000 on December 31, Year 2 and $175,000 on December 31, Year 3.

Mars2501 [29]

Answer:

The amount collected from customers on accounts receivable during year 3 is $535,000.

Explanation:

Cash received from accounts receivable = Opening balance of AR + Credit Sales - Bad debts written off - Closing balance of AR.

The opening balance for year 3 account receivables was 150000.
Credit Sales = 600000
Bad debts = 40000
Closing Balance = 175000

We can solve this question either by making a T account for accounts receivable or using the equation given above.

Cash = 150000 + 600000 - 40000 - 175000 = $535000

4 0

3 years ago

Read 2 more answers

Solvency refers to: A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay

Papessa [141]

Answer:

A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.

Explanation:

Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.

It is used as a measure of the financial health of the business.

A business with good solvency has a high probability of remaining in operation for the foreseeable future.

4 0

3 years ago

Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabil

Zepler [3.9K]

Answer:

Total cost= $877,500

Explanation:

First, we need to calculate the unitary variable cost:

Unitary variable cost= 135,000 / 30,000= $4.5

Unitary variable cost= 180,000 / 40,000= $4.5

Unitary variable cost= 225,000 / 50,000= $4.5

Now, the total cost for 35,000 hours:

Total cost= Unitary variable cost*total number of hours + fixed costs

Total cost= 4.5*35,000 + 720,000

Total cost= $877,500

4 0

2 years ago

The news headline "Consultants replacing high school counselors" deals with the ______ question(s) of economics.

Ede4ka [16]

Answer:

The correct answer is (A) how.

Explanation:

The news headline "Consultants replacing high school counselors" deals with the how question(s) of economics.

Given the structure of the sentence, the most appropriate word in this sentence is how.

Consultant is the professional who dominates a specific topic and uses his knowledge to help other people.

7 0

3 years ago