You invested $1,000 by buying shares in a mutual fund on January 1. The income tax rate is 20%. The value of yourmutual fund shares increased to $1,500 by December 31. What will you report in your December 31 balance sheetwith respect to these shares?Asset: Mutual fund shares, $1,000; Liability: Deferred income taxes, $100Asset: Mutual fund shares, $1,500; Asset: Deferred income taxes, $100Asset: Mutual fund shares, $1,500; Liability: Deferred income taxes, $100Asset: Mutual fund shares, $1,000; Asset: Deferred income taxes, $100Asset: Mutual fund shares, $1,500; Liability: Deferred income taxes, $600

If you follow the revaluation method for your investment instead of cost method…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A mutual fund that invest in a mix of equity and fixed income securities that provide current cash flow is a(n)
2and 3
3. A pension fund has the following liability obligations to its pensioners: Market Value $4.25 Bln $5.75 Bln $3.50 Bln Liability A B C It has $13.50 Bln available cash to invest in the following bonds: Bond Ꭰ E Modified Duration Modified Duration 5.25 11.86 6.25 8.05 7.55 Set up the system of equations to determine how much of its available cash should the pension fund invest in the two bonds to ensure that the market value duration of assets will match the market value duration of liabilities.
You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $60 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) January February March Net inflows ($ million ) 4.3 -5.3 0 HPR (%) -1.90 5.60 4.80 Required: a. Calculate the quarterly arithmetic average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Calculate the quarterly geometric (time - weighted) average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. Calculate the quarterly dollar-weighted average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
15)Consider the following data on two mutual funds: Fund A Fund B Total net assets (assets less Liabilities) at beginning of year ¢ 1,000,000 ¢ 1,000,000 Number of shares outstanding at 100,000 100,000 beginning of year Annual operating expenses ¢ 10,000 ¢ 12,000 Value of securities sold during year ¢ 500, 000 ¢ 800,000 Value of securities purchased during ¢ 400,000 ¢ 900,000 year Brokerage fees for the year ¢ 9,000 ¢ 17,000 Number of shares outstanding at 110,000…
Long-term mutual funds primarily invest in assets that have O A. Assets that have maturities of less than one year B. Assets that have maturities of greater than one year OC.US Treasury Bills O D. Hybrid cars
A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 sharesoutstanding, what is the net asset value of the fund? $3.02 $3.85 $2.83 $2.16
The collection of securities and other investments owned by a mutual fund is called O investment company O mutual fund family Oprospectus O portfolio QUESTION 34 Gives another person the power to make decisions of you in the event of your incapacity O power of attorney executor will trust
A mutual fund that invests in investment-grade corporate debt with maturities between 3 and 10 years is called a(n) ____________ fund.
20)Corporate fund started the year with a net asset value of GHS12.25. By year-end, its NAV equaled GHS12.10. The fund paid year-end distributions of income and capital gains of GHS1.50. What was the (pretax) rate of return to an investor in the fund?
The largest proportion of long-term mutual fund assets is held by A) nonfinancial corporate business B) bank trusts and estates C) life insurance firms D) the household sector E) private pension funds
The payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio are called: Question 4 options: income dividends. capital gain distributions.

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buning shar in mutual fund on January 1. The income