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.
The distribution channel control the flow of products from the manufacturer to a variety of retailers or business customers.
A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service.
Distribution channels include wholesalers, retailers, distributors, and the Internet.
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Answer: For each of the following companies, each company would be more likely to use:
a. Janitorial services company - <u>Job costing.</u>
b. Soup manufacturer - <u>Process costing.</u>
c. Commercial plumbing contractor - <u>Job costing.</u>
d. Toothpaste manufacturer - <u>Process costing.</u>
e. Catering service - <u>Job costing.</u>
Answer:
C. $13,356
Explanation:
Evan, a shareholder, owned 20% of Yorker's stock for 200 days and 25% of Yorker's stock for the remaining 165 days of the year (not a leap year).
Using the required per-day allocation method, Evan's share of the S corporation's ordinary income of $60,000 (rounded to the nearest dollar) is:
0.2 x 60,000 x (200 / 365) + 0.25 x 60,000 x (165/365) = $13,356.16