A mutual fund's net asset value is determined by
A) demand for the fund based on the fund's performance.
B) the fund manager's reputation.
C) the value of the securities held by the fund.
D) all of the above.
Answer: C
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When you arrive at Heath row Airport in London and go to the foreign exchange kiosk to exchange dollars for pounds, you are trading in the
a. spot market. b. forward market. c. futures market. d. options market.
Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell one-half time to the business. Determine the division of $150,000 of net income in ratio of time devoted to business
a. $75,000 and $75,000 b. $37,500 and $112,500 c. $100,000 and $50,000 d. $112,500 and $37,500
GASB Statement No. 34 makes it clear that government-wide statements are considered superior to fund statements
Indicate whether the statement is true or false
With economies of scale, ______.
A. the cost per unit of output decreases as the volume of output increases B. the cost per unit of output increases as the volume of output decreases C. the cost per unit of output increases as the volume of output remains constant D. the cost per unit of output decreases as the volume of output remains constant