The majority of mutual fund assets are now owned by
A) individual investors.
B) institutional investors.
C) fiduciaries.
D) business organizations.
E) retirees.
A
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Negative amortization occurs when the monthly payments are insufficient to cover the interest due on a loan.
Answer the following statement true (T) or false (F)
Recent academic studies in behavioral finance confirm that markets are even more efficient than previously believed
Indicate whether the statement is true or false.
Janet Walker is a computer information systems major who has been able to tap into an ice cream manufacturer's computer system. As a practical joke, Walker changes the manufacturer's ice cream formula so that an entire day's production has a bitter taste to it. Has Walker committed any crime?
Division S of Kracker Company makes a part that it sells to other companies. Data on that part appear below: Selling price on the intermediate market$30per unitVariable costs per unit$22per unitFixed costs per unit (based on capacity)$7per unitCapacity in units 50,000units?Division B, another division of Kracker Company, presently is purchasing 10,000 units of a similar product each period from an outside supplier for $28 per unit, but would like to begin purchasing from Division S.?Suppose that Division S has ample idle capacity to handle all of Division B's needs without any increase in fixed costs or cutting into sales to outside customers. If Division S refuses to accept a transfer price of $28 or less and Division B continues to buy from the outside supplier, the company as a
whole will: A. lose $70,000 in potential profit. B. gain $20,000 in potential profit. C. lose $60,000 in potential profit. D. lose $20,000 in potential profit.