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sladkih [1.3K]
3 years ago
10

Another name for a mutual fund that doesn't charge a sales load or a contingent deferred sales fee, but does charge an ongoing h

igher 12b-1 fee is a class ____________ fund.
Business
1 answer:
Elina [12.6K]3 years ago
7 0

Answer:

Class B fund

Explanation:

Class B mutual funds do not charge a front-end sales fee, but they do impose a higher 12b-1 fee. In the short term, the purchase of Class B shares involves paying higher fees than Class A shares. However, in the long term, the investment might be lower on Class B than paying an upfront sales load for Class A.

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Foghorn Company entered into a sales transaction in which it agreed to receive common stock from Leghorn Corporation as payment
Sedbober [7]

Answer:

The journal entry should be:

Dr Investment in Leghorn Corporation XX

    Cr Accounts receivable XX

Explanation:

Foghorn Company must record the noncash payment as an asset which should be equal to the amount of money that it generally would have collected from the services provided. Since the payment is done through stocks, it must record that collection as an investing account.

Since transferring stocks usually takes a couple of days at least, the original journal entry should have recorded a debit to accounts receivable and a credit to service revenue.

8 0
3 years ago
On March 1, 2018, Gold Examiner receives $165,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold ba
photoshop1234 [79]

Answer:

<u><em>there are two performance: </em></u>

the sales revenue and the insurance.

cash     165,000 debit

    unearned revenues   165,000 credit

--to record collectiong from local bank

unearned revenues  165,000 debit

    sales revenues                    151,000 credit

    insurance liability                  9,900  credit

--to record gold delivered to Brink's--

insurance liability   9,900 debit

      insurance fees earned       9,900 credit

--to record reception of bank from Brink/end of the insurance--

Explanation:

sales revenue

100 x 1,410 = 141,000 = 94%

insurance:

100 x 90 =       9,000 =   6%

   total         150,000

combo: 165,000

sales revenue:             165,000 x 94% = 155,100

insurance fee earned: 165,000 x 6% =      9,900

7 0
3 years ago
At some point, everyone will have to deliver bad news. The bad feelings associated with this type of message can be alleviated i
a_sh-v [17]

Answer:

Make $200,000 in less than two month (Send me a message if interested)

If I told you that you could turn your spare time into a side-income online business, would you be interested?    

I recently became introduced to two guys that were able to make $960,824.41 within 31 days. These guys are “anti-gurus”... they’re everyday guys. Their students have generated millions, too.   And they also helped me to make over $200,000 in less than 2 months

I was able to convince them to show you how they did it on a free training event this week.

They’re sharing this for the first time and will show you how to turn your spare time into a $100,000.00 online side business.  

The best part? You can do this with NO experience / technical skills.

Explanation:

7 0
3 years ago
Suppose you are evaluating two mutually exclusive projects, A and B. Project A costs $350 and has cash flows of $250 and $250 in
ki77a [65]

Answer:

The answer is 30%

Explanation:

Solution

Given that:

Project A

Project A costs = $350

Cash flows =$250 and $250 (next 2 years)

Project B

Project B costs =$300

Cash flow = $300 and  $100

Now what is the crossover rate for these projects.

Thus

Year Project A    Project B A-B        B-A

0            -350     -300        -50        50

1             250      300        -50        50

2             250      100         150       -150

IRR         27%      26%         30%      30%

So,

CF = CF1/(1+r)^1 + CF2/(1+r)^2

$-50 = $-50/(1+r)^1 + $150/(1+r)^2

r = 30%

CF = CF1/(1+r)^1 + CF2/(1+r)^2

$50 = $50/(1+r)^1 + $-150/(1+r)^2

r = 30%

Hence, the cross over rate for these project is 30%

Note:

IRR =Internal rate of return

CF =Cash flow

r = rate

5 0
3 years ago
How can you differentiate between various economic systems that exist
liubo4ka [24]

Answer:

An economic system is defined by the way scarce resources are distributed in an economy.

There are 4 types of major economic systems which are following;

  1. A mixed economy is an economic system, like its name is a mix of elements of planned economies, free markets with intervention of the state and public enterprises.
  2. A command economy is a system where the government is key decision maker of what goods and services will be produced and introduced by the economy.
  3. A market economy is the one in which the investment, production and distribution are dictated by the forces of demand and supply.
  4. A traditional economic system is a result of customs, history and cultural norms which include the rules and manner of their distribution as well.
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3 years ago
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