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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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Restructuring organizations to retain the most essential employees is knownâ€‹ as:

AVprozaik [17]

There are several types of organization restructuring:

1. Downsizing

2. Starbust

3. Verticalization

4. De-layering

5. Business process re-engineering

6. Outsourcing, and

7. Virtualization

Among them, the type of restructuring to retain the most essential employees is known as de-layering. De-layering involves breaking down the typical pyramid setup into a flat organization. Its purpose is to thin out or lessen the top layer of unproductive and highly paid ‘white collar’ personnel. It promotes innovation, builds customer intimacy and increases consumer satisfaction. The main advantage is that the decision-making process becomes more effective and shorter.

4 0

3 years ago

The Bakery produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.50 pe

AleksandrR [38]

Answer:

The Bakery

Direct materials budget

For the third quarter of year 202x

July August September Quarter

Budgeted production units 1,500 1,880 1,680 5,600

Materials required per unit 0.5 0.5 0.5 0.5

Materials needed for Px 750 940 840 2,530

+ Desired ending inventory 188 168 156 156

Total materials required 938 1,108 996 2,686

- Beginning inventory -150 -188 -168 -150

Units to be purchased 788 920 828 2,536

Cost per unit $2.50 $2.50 $2.50 $2.50

Total cost materials costs $1,970 $2,300 $2,070 $6,340

6 0

3 years ago

In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machin

Aleonysh [2.5K]

Answer:

Chesterly used to provide special deals to company customers and used to receive bribery from these customer in return.

Explanation:

The company products and services were sold by Chesterly to its customers at a discounted price because both the Chesterly and its customer had agreed that Chesterly will receive a share of return from its customers. This was against the fiduciary duty of Directors and resulted in loss of profits to company which was not in the best interests of shareholders or in other words the director Chesterly committed fraud.

4 0

3 years ago

If a technology displays increasing returns to scale, then: a. The TC curve is increasing at a decreasing rate. b. The ATC curve

Dmitriy789 [7]

Answer:

The ATC curve is increasing at a decreasing rate.

Explanation:

Increasing returns to scale is when input used in production process in increased and output increases more than the proportion of the input used.

for example, if technology is increased by 20% and output increases by 50%.

When an input displays increasing returns to scale, the average total cost increases at a decreasing rate. this is because less input is used to produce more output

3 0

3 years ago

Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supply Company that uses the all

svp [43]

Answer:

Accounts Receivables 19900 debit

Sales Revenues 19900 credit

--to record sale--

COGS 14300 debit

Inventory 14300 credit

--to record COGS of the previous sale--

Cash 4,200 debit

Accounts Receivables 4,200 credit

--to record colelction from Beijing Palace Co--

Allowance for doubtful accounts 15,700 debit

Accounts Receivables 15,700 credit

--to record the write-off using allowance method--

Accounts Receivables 15,700 debit

Allowance for doubtful accounts 15,700 credit

--to record reversal when payment is received--

Cash 15,700 debit

Accounts receivables 15,700 credit

--to record collection from Beijing Palace Co--

Explanation:

We write-off the blaance of the account

19,900 - 4,200 = 15,700

Then, we have to reverse the entry to nulify it. Then we record the colelction like any other.

4 0

3 years ago