Which of the following is an advantage to investors of an open-end mutual fund?
A) Once all the shares have been sold, the investor does not have to put in more money.
B) The investors can sell their shares in the over-the-counter market with low transaction fees.
C) The fund agrees to redeem shares at any time.
D) The market value of the fund's shares may be higher than the value of the assets held by the fund.
C
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On April 1, 2016, Meyers Company purchased a bulldozer. Payment, totaling $70,000, is not due until April 1, 2018. Assuming interest at a 12% annual rate, Meyers should debit Machinery on April 1, 2016, in the amount of
A) $70,000. B) $62,500. C) $61,600. D) $55,804.
A firm's accounts receivables are $1,000,000; its net sales are $16,000,000 . Its collection period is _____ days
a. 6 b. 23 c. 30 d. 67
______ theories of motivation explain the choices that people make about their behavior.
Fill in the blank(s) with the appropriate word(s).
One widely used measure of income in most countries is
A. total consumption expenditures. B. gross national income. C. population times GNI. D. disposable personal product. E. socioeconomic product.