Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year and with $500 million in assets, 40 million in debt, and 18 million shares at the end of the year. During the year investors have received income distributions of $.50 per share and capital gain distributions of $.30 per share. If the total expense ratio is .75%, what is the rate of return on the fund?
A. 12.09%
B. 12.99%
C. 8.25%
D. The answer cannot be determined from the information given.
A. 12.09%
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Which of the following items would be deducted from net income to determine net cash provided by operating activities using the direct method?
A) loss on sale of plant assets and amortization of bond payable discount B) amortization of bond payable premium and gain on sale of equipment C) amortization expense and gain on sale of equipment D) None of these choices would be deducted from net income
In which step of the selling process does a salesperson learn as much as possible about a prospective customer before making a sales call?
A) approach B) follow-up C) demonstration D) handling objections E) preapproach
Product design is the process of creating and designing products so that consumers perceive them as different from competing products.
Answer the following statement true (T) or false (F)
________ channel conflict occurs between firms at the same level in the channel of distribution.
A. Parallel B. Horizontal C. Cyclical D. Diagonal E. Vertical