The following data is reported for a fund and an appropriate benchmark as well as the risk-free rate each year: Fund Return Benchmark Return 22% 23% 25% Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 28% 28% 29% 20% 18% 15% 13% 19% 20% 22% 23% 22% 22% 18% 16% 13% 12% Risk-free rate 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% Required: a. What is the Sharpe ratio for the fund and the benchmark? b. What is the Treynor ratio for the fund and the benchmark? c. What is the fund tracking error? d. What is the beta for the fund? e. What is Jensen's alpha for the fund?

Managed funds are often categorised by the type of investments purchased by the fund. These include capital stable funds, balanced growth funds and managed capital growth funds. For each of these funds, discuss the types of investments the fund might accumulate and explain the purpose of the investment strategies.

The financial statements of an Enterprise  fund are prepared using the Full Accrual         Modified Accrual         Economic Resources               Current Financial Resources     Basis                      Basis                        Measurement Focus                   Measurement Focus                                                                                                                                               A.) No                          Yes                                         Yes                                         No B.) Yes                         No                                          No                                          Yes C.) No                          Yes                                         No                                          Yes D.) Yes                         No                                          Yes                                         No

Does a credit balance in the fund balance account(s) at the end of the year necessarily mean the fund has sufficient cash to pay its liabilities in a timely manner? Explain.

How do you find historical returns and benchmarks on different funds?

1. A savings account should be used for your emergeney fund and your O Short-term savings goals O Long-term savings goals

Indicate whether the item in each column is reported in the financial statements of the fund types listed below by clicking the corresponding boxes. If an item does not apply, leave the corresponding box blank. You may check more than one box for each item. Statement Capital assets Long - term liabilities Encumbrances 1. General fund 2. Special revenue funds 3. Capital projects funds 4. Debt service funds 5. Permanent funds 6. Enterprise funds 7. Internal service funds 8. Pension (and other employee benefit) trust funds 9. Investment trust funds 10. Private-purpose trust funds 11. Custodial funds

The total cash count minus the amount of the Change Fund should be equal to: a.the total current liabilities. b.the expenses incurred. c.the income earned. d.the total revenue earned.

When do the funds earn interest at the MARR?

Emergency Fund Ratio reveals: Group of answer choices How readily a client would be able to meet all current obligations immediately A person's level of preparedness for job loss or short-term disability The level of debt that has been used to finance the present lifestyle The client's savings and spending patterns over a period of time.