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frutty [35]
3 years ago
10

Shareholders of mutual funds have all of the following rights EXCEPT: A) the right to vote on the selection of specific securiti

es for the portfolio B) voting proxies C) receiving semiannual reports D) voting rights
Business
1 answer:
trapecia [35]3 years ago
5 0

Answer:

you do not obtain the right to vote on the selection of specific securities for the portfolio

Explanation:

As a shareholder of a mutual fund you have many rights available such as voting proxies, receiving semiannual reports, and voting rights. Unfortunately, you do not obtain the right to vote on the selection of specific securities for the portfolio. The only individual that can make this decision is the fund manager. This individual is the one that analyzes different securities and chooses the ones that will round out and diversify the mutual fund nicely while at the same time maximizing ROI potential.

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Franklin, Inc uses activity-based costing. The company produces X and Y. Information relating to the two products is as follows:
zvonat [6]

Answer:

A. $192,000

Explanation:

The computation of the labor related overhead cost is shown below:

= (Labor related overhead cost) ÷ (Total direct labor hours) × direct labor hours of X

= ($480,000) ÷ (16,000 hours + 24,000 hours) × 16,000 hours

= $192,000

hence, the correct option is A.

7 0
2 years ago
A furniture factory's employees work overtime to finish an order that is sold on January 31. The office sends a statement to the
Lana71 [14]

Answer:

January

Explanation:

The overtime wages should be expensed in January as in the month of february, wages will be accrued and it will be liablity for employer.

The overtime worked in month on january should be paid in january itself and overtime expense should be included in wages payable in the month of January. When wages are paid, the owner of the factory should debit the wages payable account and cash account should be credited as amount of casg paid to the employees. Wages are considered as operating expenses of factory.

4 0
3 years ago
A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati
stepladder [879]

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

7 0
2 years ago
Mosh, a sole proprietor, uses the cash basis of accounting. At the beginning of the current year, accounts receivable were $25,0
Dahasolnce [82]

Answer:

b. $100,000

Explanation:

Provided information

Beginning balance of account receivable = $25,000

Collection from customers = $100,000

Ending balance of account receivable = $15,000

Since we have to find out the gross taxable income, so we considered only the collection from customers as this is the amount which is received and therefore, it has come under the gross taxable income i.e $100,000.

8 0
2 years ago
When several alternative investment proposals of the same amount are being considered, the one with the largest net present valu
Damm [24]

Answer:

The correct answer is C. Present Value Index.

Explanation:

The present value (PV) is the value that today has a certain flow of money that we will receive in the future.

The present value is a formula that allows us to calculate what is the value of today that has an amount of money that we will not receive right now but later, in the future. To calculate the VP we need to know two things: the money flows that we will receive (or that we will pay in the future since the flows can also be negative) and a rate that allows to discount these flows.

7 0
3 years ago
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