Use this information to answer the following questions
(a) Which fund does NOT charge a front-end load?
(b) Which fund can best be described as a low-load fund?
(c) What can you say about Fund B with respect to the type of investments it most likely holds?
(d) If you want to buy a fund and hold it for five years, which one of these funds should you purchase based on fund costs? Assume the funds earn a positive rate of return each year.
What will be an ideal response?
Answer:
(a) Fund B does not charge a front-end load.
(b) Fund D is a low-load fund.
(c) Fund B probably holds small-cap stocks that are speculative and volatile in nature. The fund is seeking stocks that will have high capital appreciation.
(d) Fund D appears to be the lowest cost fund for a five year period, assuming a positive rate of return each year.
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List out and define the different terms of leases.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The equivalent units of production for direct materials and conversion costs must be the same. 2. In a process costing system, equivalent units must be calculated separately for materials and conversion costs. 3. Conversion costs include the costs of purchasing and converting raw materials into finished products. 4. In a production cost report, the number of units to account for must always be greater than the number of units accounted for. 5. A production cost report shows only the calculations for the physical flow of products.
Discuss the four categories of quality costs
Which of the following items isNOT included in report preliminaries?
a. Acknowledgments b. Executive summary c. Introduction d. Transmittal message