Answer:
A - Switching
Explanation:
Switching is a type of fund or investment diversification wherein an investor moves or transfers his investments between different investment or fund management schemes. An investor first has to liquidate his investments from one portfolio before switching to another one.
I would be concerned because of the supervisory authorities involved and because my customer may be incurring the associated additional high sales and tax costs that comes with switching
Answer:
$43,745
Explanation:
Calculation for what the Capital account reported on the Statement of Owner's Equity at the end of the month would be
Using this formula
Ending Capital Balance = Cash (1)+ Photography equipment (2) +Cash for services provided (4)+Services to customers on account (6)- Monthly rent(7)- Utility (9)
Let plug in the formula
Ending Capital Balance = $13,800 + $23,000 + $6,000 + $3,050 - $1,800 - $305
Ending Capital Balance= $43,745
Therefore the balance in the Capital account reported on the Statement of Owner's Equity at the end of the month would be: $43,745
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