Mutual funds that sell shares directly to investors and repurchase shares investors want to sell are called ________ funds

A) open-market
B) open-end
C) closed-end
D) fair value

Answer: B

Business

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Zero Company's standard factory overhead rate is $3.73 per direct labor hour (DLH), calculated at 90% capacity = 700 standard DLHs. In December, the company operated at 80% of capacity, or 622 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,020, of which $1,540 is fixed overhead. For December, the actual factory overhead cost was $3,900 for 700 actual DLHs, of which $1,290 was for fixed factory overhead.

Under a four-way breakdown (decomposition) of the total overhead variance, what is the variable factory overhead spending variance for Zero Company for December (to the nearest whole dollar)? (Round your intermediate calculation to 2 decimal places.)

Business

A door-to-door salesperson convinces David and his wife, Sonia, to buy a vacuum cleaner. The next day, they learn that the same vacuum cleaner is available at a local discount store for one-third the price that they paid for it. In most states, David and Sonia have

a. twenty-four hours to cancel the transaction. b. three business days to cancel the transaction. c. thirty business days to cancel the transaction. d. ninety business days to cancel the transaction.

Business