Net asset value is determined by taking the total market value of all the securities held by the mutual fund, subtracting out any liabilities, and dividing the result by the number of shares outstanding
Indicate whether this statement is true or false.
Answer: TRUE
You might also like to view...
Identify the statement that supports ubiquitous marketing department concept
A) Marketing is performed by all departments and functions in an organization. B) Marketing is what the people in the marketing department do. C) Employees in an organization are collectively responsible for marketing efforts. D) Marketing department should be integrated with service and sales.
Which of the following is not a cash inflow from investing activities?
a. Receipts from collections of sales of loans made by the enterprise b. Receipts from sales of equity instruments of other entities c. Receipts from issuance of equity instruments of the enterprise d. Receipts from sales of productive assets
IFRS uses the idea of a disposal group, a group of assets and directly associated liabilities that a firm will dispose of as a group in a single transaction. The disposal group notion of IFRS envisions a larger unit than the component notion of U.S. GAAP. In the year that a firm decides to sell or otherwise dispose of a unit that qualifies as a discontinued operation, it aggregates the assets and
liabilities of that unit on the balance sheet into four groups. Which of the following is not one of the groups? a. current assets b. noncurrent assets c. current liabilities d. noncurrent liabilities e. contingent liabilities
Which data types are typically found in the operations management department?
A. Sales data, customer data, commission data, and customer support data. B. Investment data, monetary data, reporting data. C. Manufacturing data, distribution data, and production data. D. Employee data, promotion data, vacation data.