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Lapatulllka [165]
4 years ago
9

Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixed-income portfolios. II) The

y are actively-managed portfolios. III) The sponsor pools securities, then sells public shares in the trust. IV) The portfolio is fixed for the life of the fund.
Business
1 answer:
sweet-ann [11.9K]4 years ago
3 0

Answer:

I) Most are invested in fixed-income portfolios.

IV) The portfolio is fixed for the life of the fund.

Explanation:

Unit investment trusts is one in which Pools of money is invested in a portfolio which is fixed for the life of the fund. This is generally stocks and bonds which are redeemable units to investor for specific time. These investment portfolio have no board of directors. This is a type of mutual fund which offers investors having fixed portfolio of securities having definite life.

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A company factored $40,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this trans
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Answer:

Correct answer is B, Debit cash $38,800, debit factoring fee expense $1,200 and a credit of Accounts receivable of $40,000

Explanation:

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3 0
3 years ago
As part of the initial investment, a partner contributes equipment that had originally cost $100,000 and on which accumulated de
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Answer:

Explanation:

$100,000 debit to the Equipment asset account because you are recording the actual original cost of the equipment (as is required by the Cost Principle of Depreciation). You should also credit the Accumulated Depreciation: Equipment account for $75,000 to show that the equipment has already depreciated for this amount.

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4 years ago
When reporting inventory using the lower of cost or market, market should not be less than:
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Answer:

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