Answer:
The answer is: underperform passive fixed-income indexes by an amount equal to fund expenses
Explanation:
According to Blake, Elton, and Gruber (The Journal of Business, 1993), the only people who benefit from actively managed bond mutual funds are those that work for the mutual funds and not their clients.
They discovered that when the mutual funds increased their fees in 1%, the total performance decreases in 1%.
Answer:
Revenue 2021 = $3,000,000
Revenue 2022 = $0
Explanation:
Given that,
Sold a parcel of land to a construction company = $3,000,000
book value of the land on Apache’s books = $1,200,000
In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.
Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.
Revenue 2021 = $3,000,000
Revenue 2022 = $0
Answer:
The expected value of the car you will buy is $22,000
Explanation:
In the given question, the car values are symmetrically distributed which means that we have to compute the mean between the values that are mentioned in the question.
So, the mean is an average of the numbers, the computation is shown below:
= (Value 1 + value 2) ÷ (number of observations)
= ($20,000 + $24,000) ÷ 2
= $22,000
Answer:
$7,360
Explanation:
To determine the amount of cash inflow from customers open a Total Receivable Account and determine the Cash Balance.
Total Receivable T - Account
<u><em>Debit :</em></u>
Beginning Balance $1,920
Credit Sales $7,160
Total $9,080
<u><em>Credit :</em></u>
Uncollectable expense $500
Cash Received (Balancing figure) $7,360
Ending Balance $1,220
Total $9,080
Conclusion :
the amount of cash inflow from customers is $7,360
