How is an asset allocation fund different from a balanced mutual fund?
What will be an ideal response?
Answer: Asset allocation funds seek to time the market by moving money between stocks and bonds. These attempts may cost more and therefore diminish returns.
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On January 1, 2017, Henry Manufacturing Corporation purchased a machine for $40,600,000
Henry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47,000. The machine was used for 4,000 hours in 2017 and 5,400 hours in 2018. Calculate the book value of the machine at the end of 2018 if the company uses the units-of-production method of depreciation. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $29,388,244 B) $40,600,000 C) $29,375,272 D) $35,829,040
Cause-related marketing integrates a marketing program with some type of charity in order to generate good will
Indicate whether the statement is true or false