Each individual mutual fund hires an investment advisor, generally from the management company, who oversee the particular fund. How is this advisor paid?
A) Hourly
B) Based on a percentage of the commissions charged on an annual basis
C) Based on a percentage of the total value of the fund on an annual basis
D) Annually based on the capital gains realized by the fund
E) None of the above
Answer: C
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a. user view b. schema c. internal view d. all are levels or views of the database
VALS FrameworkVALS creates profiles of people based on their primary motivation and resources. In the VALS framework above, D refers to
A. Ideals. B. Survivors. C. Innovators. D. Achievement. E. Self-Expression.
O'Keith Company purchased a mine on January 1, 2018, for $530,000. The mine is estimated to contain 37,000 tons of iron ore. There is no residual value. The business extracted and sold 2500 tons of ore in 2018 and 19,800 tons of ore in 2019. What is the book value of the mine at the end of 2019? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $456,000 B) $210,664 C) $371,000 D) $530,000
Period costs are charged against the revenue of the current period
Indicate whether the statement is true or false