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Hoochie [10]
3 years ago
8

S.I.D. Asset Management initiated an open-end and a closed-end mutual fund a few years ago. If you want to invest in the funds t

oday, you:________
a. Must purchase shares of each fund in the secondary (stock) market.
b. May purchase shares of each fund in either the primary (from the investment company) market or the secondary (stock) market.
c. Must purchase shares of the open-end fund in the secondary (stock) market, and shares of the closed-end fund in the primary (from the investment company) market.
d. Must purchase shares of the open-end fund in the primary (from the investment company) market, and shares of the closed-end fund in the secondary (stock) market
Business
1 answer:
Tju [1.3M]3 years ago
6 0

Answer:

c. Must purchase shares of the open-end fund in the secondary (stock) market, and shares of the closed-end fund in the primary (from the investment company) market.

Explanation:

<em>An open-ended shares are those whose funds are sold by a funds company to the public investors.</em> It is similar to mutual funds unlike the close-ended fund which has a limited or fixed number of shares which is usually offered to the public through the the IPO (Initial Public Offer).

<em>For S.I.D Asset Management which initiated both the open-ended and close-ended funds, in other to purchase it few years later, the appropriate channel needs to be followed.</em>

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Otrada [13]

Based on the CPI in both places, the Brexington salary in Charlieville is $30,000.

<h3>Brexington salary in Charlieville </h3>

This can be found by the formula:

= Brexington salary x CPI of Charlieville / CPI of Brexington

Solving gives

= 50,000 x (90 / 150)

= $30,000

In conclusion, option A is correct.

Find out more on CPI at brainly.com/question/512131.

3 0
2 years ago
Campbell Co. has net sales revenue of $1,320,000, cost of goods sold of $760,700, and all other expenses of $297,000. The beginn
olasank [31]

Answer:

3.46

Explanation:

Calculation for Campbell Co. fixed asset turnover ratio

First step is to find the Average net fixed assets

Using this formula

Average Fixed assets= Fixed assets Beginning balance +Fixed assets ending balance /2

Let plug in the formula

Average Fixed assets= $368,000 + $396,000/ 2

Average Fixed assets=$764,000/2

Average Fixed assets=$382,000

Second step is to calculate for the Fixed asset turnover

Using this formula

Fixed asset turnover = Net revenue ÷ Average net fixed assets

Let plug in the formula

Fixed asset turnover= $1,320,000 ÷ $382,000

Fixed asset turnover= 3.46

Therefore Campbell Co. fixed asset turnover ratio will be 3.46

7 0
3 years ago
How do most companies pay the current liabilities incurred by day-to-day operations?.
elixir [45]

Current assets, or possessions used up within a year, are generally used to settle current liabilities.

<h3>Why do you use the term "current liabilities"?</h3>
  • Current liabilities are debts or commitments that fall due within a year or during the regular business cycle. Additionally, current obligations are paid off by using a current asset, either by generating a fresh current liability or by using cash.
  • In accounting, current liabilities are frequently interpreted as all debts owed by a company that must be paid in cash within the fiscal year or the operational cycle of that particular company, whichever is longer.
  • Current assets, or possessions used up within a year, are generally used to settle current liabilities. Accounts payable, short-term loans, dividends, and notes payable are a few examples of current liabilities, along with any outstanding income taxes.  

To learn more about Current assets refer to:

brainly.com/question/13188114

#SPJ4

6 0
1 year ago
What is FFA’s publication titled?<br> Boundaries<br> Vistas<br> Perspective<br> Horizons
vladimir1956 [14]

Answer:

horizons

Explanation:

Learn everything you need to know about FFA—its history, bylaws, constitution and more—with the Official FFA Manual, now available online for free. You can also view the links on your mobile phone for easy access.

5 0
1 year ago
Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000 and Avocado C
WARRIOR [948]

Answer:

A. 8%

Explanation:

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Profit margin = 0.08

Profit margin = 8%

8 0
2 years ago
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