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sukhopar [10]
3 years ago
9

The management fee for most mutual funds ranges between ______ percent.

Business
1 answer:
Kazeer [188]3 years ago
7 0
Hello!
.
The answer to your question is "0.25 to 2".
.
The management fee for most mutual funds ranges between 0.25 to 2 percent.
:)
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The auditors are concerned about transactions that have been recorded in the journals (and subsequently in the ledgers) that are
rodikova [14]

Complete question:

Assume the following general flow of documents in an accounting system. Reply to the following question:

"Source Documents --> Journals --> Ledgers"

The auditors are concerned about source documents that reflect valid transactions that have not been recorded in the journals. Which procedure would be most effective?

(1) Trace from source documents to journals.

(2) Vouch from journals to source documents.

Either (1) or (2).

Answer:

(1) Trace from source documents to journals.

Explanation:

Tracing is the method of tracking the transaction back to the source document in accounting records. Transaction failures are monitored and auditors are often used to ensure whether transactions have been properly reported.

Tracing relates to the compilation and the follow-up to the record of an financial transaction (the source document).

Tracing checks to see that the transactions that happened in the financial reports are registered. Therefore it would be most effective to translate "Trace documents from source into journals."

3 0
3 years ago
he supplies account had a balance of $4,400 at the beginning of the year and was debited during the year for $2,400, representin
nexus9112 [7]

Answer:

$6,400

Explanation:

Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.

Supplies account is an asset account and has normal balance as debit balance. It increases with the purchase and decreases with the use of supplies.

Given:

Supplies (beginning) = $4,400

Purchased (supplies) = $2,400

Supplies (ending) = $400

Let supplies expense be x.

Now,

Supplies (ending) = Supplies (beginning) + Purchased (supplies) - Supplies expense

$400 = $4,400 + $2,400 - x

$400 = $6,800 - x

x = $6,800 - $400

Supplies expense = x = $6,400

6 0
3 years ago
Last year Apple charged $1,047,200 Depreciation on the Income Statement of Andrews. If Apple sold a fully depreciated piece of e
ruslelena [56]

If Apple sold a fully depreciated piece of equipment at a loss, the effect on Andrews's financial statements would be Decrease Net Cash from operations on the Cash Flow Statement

Explanation:

In case an equipment is sold by the company for a value less than the amount reported, the cash flow statement should be changed to net revenue.

When the cash flow report is first included, the decline of net income is an important factor which causes a decrease in retained earnings from operations for each period. Net revenue represents a business ' profits and expenditures over a given period and offers investors a summary of the business performance of a corporation.

6 0
3 years ago
Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an ___ along with an indi
NemiM [27]

Answer:

c. price estimate

Explanation:

Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an price estimate along with an indication of the schedule impact, prior to implementing the change.

The estimation of costs is an assessment of a plan, project, or service expense. The estimated cost is the result of the method of calculating costs. The cost estimate has a single total value, and the component costs may be recognizable.

8 0
3 years ago
the idea that investors, on average, have earned a higher return from common stocks than from treasury bills supports the view t
ruslelena [56]

The idea that investors on average have earned a higher return from common stocks than from Treasury bills supports the view that: there is a relationship between risk and return.

<h3>Which investment kind normally yields the highest return?</h3>

Stocks have historically yielded investments with the highest average rate of return. However, stock is one of the riskiest investments because there are no assurances of earnings when you purchase shares.

<h3>What is the relationship between an investment's risk and projected return?</h3>

The return needed to entice investors to buy an asset is higher the riskier the investment is, and vice versa. It is clear from the link between risk and return that investors are risk averse; they need HIGHER rates of return to be persuaded to invest in riskier securities.

To know more about investment visit:

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8 0
1 year ago
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