Securities held by an Investment Trust Fund and carried on the books at $100,000 are sold for $110,000 . On receiving the cash from the sale, how should the Investment Trust Fund account for the $10,000 gain?
a. as a direct credit to net position of the Fund participants
b. as a liability - due to Fund participants
c. as an addition - net increase in fair value of investments
d. as a gain - equity in investment pool
c
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Which of the following is an example of focusing disproportionate effort on high-profit customers?
A) In addition to bicycles, 2Wheels sells biking gear such as helmets, bottles, jackets and other accessories. B) 2Wheels has a club for its regular customers, organizing cycling events and parties for them. C) Though 2Wheels previously offered free delivery, it now charges for deliveries made outside the city. D) 2Wheels allows existing customers to upgrade to a newer model at less than the sticker price by trading in their older model. E) 2Wheels encourages customers to send in their suggestions for product improvement.
Important developing or emerging markets include Brazil, Russia, India, Canada, and South Africa, often called "BRICS" for short
Indicate whether the statement is true or false