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Svetllana [295]
3 years ago
9

If a person invests in the stock market through a firm that pools funds from a large number of people and buys and professionall

y manages stock from a number of diversified companies, that person is investing in a(n)
A. certicate of deposit.

B. individual retirement account.

C. mutual fund.

D. banker’s acceptance.

E. time deposit.
Business
1 answer:
alisha [4.7K]3 years ago
6 0

Answer:

C. mutual fund.

Explanation:

Mutual fund refers to a company that pools money from many investors into securities such as stocks and bonds. Mutual funds provide the service of a deversified portfolio for customers who would otherwise been unable to diversify their portfolio themselves.

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Snyder's-Lance is a leading snack-food company. The following note was contained in its recent annual report:
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2 years ago
What is inventory turnover? Explain the effect of a high inventory turnover during the Christmas shopping season.
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Answer:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

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I am Lyosha [343]

Answer:

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