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Montano1993 [528]
3 years ago
8

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:
Anna35 [415]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. 

Umnica [9.8K]3 years ago
3 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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Answer:

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1. Calculation to determine Total current assets

First step is to calculate the Current liabilities using this formula

Current liabilities = salaries payable + accounts playable + accrued interest

Let plug in the formula

Current liabilities= 19000 + 58000 + 1000

Current liabilities= 78000

Now let calculate the Total current assets using this formula

Total current assets = current ratio * current liabilities

Let plug in the formula

Total current assets = 1.7* 78000

Total current assets = $132,600

Therefore Total current assets is $132,600

2. Calculation to determine Short-term investments

Using this formula

Short term investments = Current assets - [cash + accounts receivables + inventory]

Let plug in the formula

Short term investments = 132,600 - [6900 + 39,000 + 79,000]

Short term investments = $7,700

Therefore Short term investments will be $7,700

3. Calculation to determine the Retained earnings

Using this formula

Current assets + fixed assets = Current liabilities + Long term liabilities + paid in capital + retained earnings

Let plug in the

132,600 + 215,000 = 78,000 + 49,000 + 195,000 + Retained earnings

347,600 = 322,000 + retained earnings

Retained earnings = 347,600 - 322,000

Retained earnings = $25,600

Therefore Retained earnings will be $25,600

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