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Alik [6]
3 years ago
12

Which of the following statements is FALSE? There is no need to evaluate mutual fund investments because investment companies hi

re the best professional managers they can to manage their funds. Professional fund managers do make mistakes. Individual investors should be involved in choosing a mutual fund because they know how the objectives of a mutual fund match their own investment objectives. Although investing in mutual funds provides professional management, individual investors should continually evaluate their mutual fund investments.
Business
2 answers:
ivann1987 [24]3 years ago
8 0

Answer: Statement that “There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds “ is FALSE

 A mutual fund is a pool of stocks, bonds or other funds where an investor purchase his shares. He gets one to meet his investment goals so evaluating a mutual fund's performance is needed and must involve thorough research to lessen risk.  

 Professional fund managers do make mistakes, so it is a must that investors continually evaluate their mutual fund investments. 

elixir [45]3 years ago
6 0

Answer:

There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds: this statement is False.

Explanation:

  • A mutual fund is an investment cart that is created for a pond of funds collected from a lot of shareholders to vest in securities such as Bonds, stocks, money market instrument and same assets.
  • Mutual funds are carried by those who manage the money, who vest the capital fund's and carried out activity to produce capital gains and income for the fund's Investor.

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The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following
swat32

Answer:

$174,500.

Explanation:

Budgeted sale in June would made up of the collections:

Month of sale collection

45% × June = 45% × 170,000 = 76500

Month following sale

50% × May sales = 50% × 180,000 = 90000

Second month following sales

= 5% × April sales =  5% × 160,000 =  8000

Budgeted cash collection for June

= 76,500 +90,000 +8,000

=  $174,500.

3 0
2 years ago
Which of the following statements about operations management in the service sector is most accurate? Operations management in t
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Operations management in the service sector has grown more rapidly than the manufacturing sector. Operations management is the implementation aspect of management.
8 0
2 years ago
Read 2 more answers
A business issued a 90-day, 15% note for $91,000 to a creditor on account. Journalize the entries to record (a) the issuance of
ladessa [460]

Answer and Explanation:

The journal entries are shown below;

a. Accounts Payable $91,000

          To Note Payable  $91,000

(being the issuance of the note payable is recorded0

b Note Payable $91,000

  Interest Expense $3,412.50   ($91,000 × 15% × 90 days ÷ 360 days)

                 To Cash $94,412.50

(Being the payment of the note is recorded)

These two entries should be recorded

4 0
2 years ago
Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $245,000, fixed assets of $795,000
777dan777 [17]

Answer:

$554,000

Explanation:

Accounting Equation is;

Total Assets=Total liabilities+ Total Stockholders' Equity

$245,000+$795,000=$191,000+$295,000+ Total Stockholders' equity

Total Stockholders' equity =$245,000+$795,000-$191,000-$295,000

Total Stockholders' equity=$554,000

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2 years ago
The following is a list of various costs of producing T-shirts. Classify each cost as either a variable, fixed, or mixed cost fo
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Solution :

a. Ink used for screen printing   ---  Variable

b. Warehouse rent of $8,000 per month plus $0.50 per square foot of storage used   ---   Mixed

c. Thread  ---   Variable

d. Electricity costs of $0.038 per kilowatt-hour  ---   Variable

e. Janitorial costs of $4,000 per month   ----  Fixed

f. Advertising costs of $12,000 per month  ----  FIXED

g. Accounting salaries   ---    FIXED

h. Color dyes for producing different colors of T-shirts   -----  Variable

i. Salary of the production supervisor   ----   FIXED

j. Straight-line depreciation on sewing machines    -----     Fixed

k. Salaries of internal pattern designers   -----   FIXED

l. Hourly wages of sewing machine operators    ------    Variable

m. Property taxes on factory, building, and equipment  -----    Fixed

n. Cotton and polyester cloth   ----    VARIABLE

o. Maintenance costs with sewing machine company (the cost is $2,000 per year plus $0.001 for each machine hour of use.)   ---- Mixed

6 0
3 years ago
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