Which of the following statements is true ofopen-end mutual funds?
A. Theyredeem old shares when investors want to cash in.
B. Theyhave a fixed number of shares.
C. Their shares are traded like stocks.
D. They do not issue additional shares when demand increases.
Answer: A
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The number of days' sales in inventory is one means of expressing the relationship between the cost of goods sold and inventory
Indicate whether the statement is true or false
Charger Company's most recent balance sheet reports total assets of $29,133,000, total liabilities of $16,683,000 and total equity of $12,450,000. The debt to equity ratio for the period is (rounded to two decimals):
A. 0.75 B. 1.34 C. 0.57 D. 1.75 E. 0.43
Answer the following statement(s) true (T) or false (F)
1. Both the formal organization and the informal organization are displayed on the organizational chart. 2. Informal organizations exist in every business. 3. A formal organization is represented in the company’s organization chart. 4. A formal organization is seen as the human side of the company. 5. An organizational chart shows authority, responsibility, whom subordinates report to, and exact communication patterns.
American Girl DollThe American Girl catalog began as a concept to introduce today's girls to girls who lived in the past. Each historically accurate doll is carefully crafted and dressed and has books to describe her life. For example, Kristen is an 1854 pioneer girl who is growing up in Minnesota. Her story begins with her long sea voyage from Sweden. The basic doll dressed in a calico dress and striped apron plus the hardcover story of how she got to Minnesota costs $90. Six more hardback books of Kristen's life are available for $74.95. Kristen's nightgown costs $20, and a matching one for the doll owner is an additional $38. Buy both together and the price is only $50. A hand-painted wooden bed and trunk for Kristen are available for $213. Shipping costs vary with the price of the
merchandise ordered.Refer to the American Girl Doll. In terms of the costs of producing the doll and its accessories, the salary of the graphic designer who does the layout for the American Girl catalog is a(n): A. markup cost B. variable cost C. fixed cost D. derived cost E. elastic cost