Uhm financial crisis, poverty, homelessness, debt, etc...
Answer:
The correct statement is C. This statement is misleading because a no-load fund cannot charge more than 25 basis points of 12b-1 fees
Explanation:
THIS STATEMENT IS MISLEADING BECAUSE A NO-LOAD FUND CANNOT CHARGE MORE THAN 25 BASIS POINTS OF 12B-1 FEES.
A mutual fund is not permitted to advertise itself as a "no-load" fund if it charges 12b-1 fees of more than .25% (25 basis points) annually. 12b-1 fees are charges against net asset value that pay for the cost of soliciting new investment to the fund, and they can be used to compensate salespersons that sell the fund's shares.
Answer:
The journal entries to record the whole purchase and payment process are:
May 1, purchase of merchandise on account
Dr Merchandise inventory 400
Cr Accounts payable 400
May 3, defective merchandise returned
Dr Accounts payable 50
Cr Purchase returns and allowances 50
Dr Purchase returns and allowances 50
Cr Merchandise inventory 50
May 10? payment of merchandise account
Dr Accounts payable 350
Cr Cash 343
Cr Purchases discounts 7
Answer:
Follows are the solution to this question:
Explanation:
Some of the missing data is defined in the attached file, please find it.
Bond problem rates
Diagram values are based on the following:
Bond issuance price
Timetable for bond amortization:
please find the attachment.
