Answer: $15,400,000
Explanation:
The fees paid to the fund's investment managers during the year would simply be the Management fee of 0.7% of the average daily assets. The expense ratio refers to other adminstrative expenses.
= 2,200,000,000 * 0.7%
= $15,400,000
Complete Question:
An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's:
Group of answer choices
A. residual owners.
B. shareholders.
C. financiers.
D. provisional partners.
E. stakeholders.
Answer:
E. stakeholders.
Explanation:
An employee has a claim on the cash flows of Martin's Machines. This claim is defined as a claim by one of the firm's stakeholders.
A stakeholder can be defined as an individual or group of people that has an interest or concern in a business firm and usually either affect or be affected by the business.
Generally, the key stakeholders of business firm are its employees, public groups, suppliers, investors, creditors, consumers or customers. The employees working in an organization are key internal stakeholders because they play a significant role, function and have both financial and time-based investments in the operations of the business.
A substitute is something you replace and use something different in it's place.
Complement is something added to enhance the original
Answer:
C. debit cash, credit premium on bonds payable and bonds payable
Explanation:
Since the contract rate is greater than the market rate, the bond is issued at a premium. And, the journal entry is shown below:
Cash A/c Dr XXXXX
To Premium on bonds payable A/c XXXXX
To Bonds payable A/c XXXXX
(Being bond is issued at a premium is recorded)
When the bond is issued at a premium, we debited the cash account and credited the premium on bonds payable and bonds payable account
Answer: C the fallacy of composition.
Explanation:
The Fallacy of Composition is meant to explain the false logic that people apply when they believe that because something is true of a subsection of something, then that thing must be true for the whole thing.
For instance, my phone's batter is made of lithium so my entire phone must be made of lithium.
In this scenario, the logic is that it is good to be involved in military conflict because it favors the nation if it favors a subset (employees in defense) which is flawed because other industries might suffer. This however, represents the fallacy of composition.
