Answer: True
Explanation: A mutual fund is a collective pool of funds provided by a group of individuals to money managers for investment in various securities such as stocks and bonds.
Due to it's collective nature, every shareholder or investor benefits and loses in equal portion - and the expenses of the mutual fund are shared in the expense ratio.
Because the funds are invested into stocks, bonds and other securities, they usually have a lower risk than individual stocks or bonds.
Answer:
- Adjusted Cost of Goods sold = $1,206,860
- Adjusted Retained Earnings = $4,675,190
Explanation:
An overstated opening inventory would overstate Cost of Goods sold. The overstatement should therefore be removed from the Cost of goods sold.
An overstated closing inventory would understate Cost of Goods sold. The overstatement should therefore be added to the Cost of Goods sold.
Adjusted Cost of Goods sold 2020 = Cost of Goods sold + 2020 ending inventory - 2019 opening inventory
= 1,290,700 + 32,910 - 116,750
= $1,206,860
Adjusted Retained earnings
The retained earnings would have to be adjusted for the overstatement of the current inventory by $32,910 because this understated Cost of Goods sold.
= Retained earnings - Overstatement of inventory
= 4,708,100 - 32,910
= $4,675,190
Answer:
PV = $9,245.56
Explanation:
Giving the following information:
Future value (FV)= $10,000
Number of periods (n)= 2 years
Discount rate (i)= 4% = 0.04
<u>To calculate the present value (PV), we need to use the following formula:</u>
<u></u>
PV = FV / (1 + i)^n
PV = 10,000 / (1.04^2)
PV = $9,245.56
Answer:
The break-even point in units for ordinary laptops is 2,100 units.
Explanation:
Contribution Margin per unit (ordinary) = Selling Price - Variable cost
= $650 -$605
= $45
Contribution Margin per unit (premium) = Selling Price - Variable cost = $1,150 -$1,090
= $60
$45* 4x + $60x = Fixed Costs = $126,000
= 180x +60x = $126,000
=240x =$126,000 = 525 units
Ordinary computers = 4x
= 4*525
= 2,100 units
Therefore, The break-even point in units for ordinary laptops is 2,100 units.
Answer:
Economical factors, company reasons, innovative leadership, business growth, and competitor actions are common causes of business change.
Explanation:
The economic factors influencing business activities
In a country concerned with the production, distribution, and use of goods and services, the economy includes all activities.
The economic environment has a major impact on companies. Consumer expenditure affects prices, investment decisions, and the number of employees employed by enterprises.
In four main ways, the economic climate affects companies:
- Consumer income change levels