Under SEC rules, the managers of certain funds are allowed to deduct charges for advertising, brokerage commissions, and other sales expenses directly from the fund assets rather than billing investors. These fees are known as Multiple Choice O O front-end loads direct operating expenses 12b-1 charges back-end loads

Under SEC rules, the managers of certain funds are allowed to deduct charges for advertising, brokerage commissions, and other sales expenses directly from the fund assets rather than billing investors. These fees are known as Multiple Choice O O front-end loads direct operating expenses 12b-1 charges back-end loads

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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In funds flow statement, repayment of long-term loans is [A] application of fund [B] source of cash [C] application of cash [D] source of fund
1. **Definition of Carried Interests:* - Carried interests are a share of profits that general partners in an investment fund receive as compensation. These interests represent a percentage of the fund's profits and are typically awarded to the fund managers as an incentive to achieve positive returns. The taxation of carried interests involves considerations for both the fund managers and the investors in the fund. 2. **Taxation of Carried Interests:** - The tax treatment of carried interests is a complex process. Typically, fund managers pay taxes on their carried interests at capital gains rates, which are often lower than ordinary income tax rates. This treatment is subject to specific conditions, including holding the investment for a certain period. Investors, on the other hand, may also be subject to tax implications based on their share of profits from the fund. 3. **Impact on Financial Reporting:** - The accounting for tax on carried interests is an essential aspect of…
1
Under SEC rules, the managers of certain funds are allowed to deduct charges for advertising, brokerage commissions, and other sales expenses directly from the fund assets rather than billing investors. These fees are known as ____________. Group of answer choices front-end loads 12b-1 charges back-end loads direct operating expenses
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In funds flow statement, funds from operations is [A] application of fund [B] source of cash [C] application of cash [D] source of fund
acc
This problem has two parts, part a and part b. Answer each part separately using the same information. Do not mix answers to a and b; they are answered separately. Problem a: Using the list of transactions below, provide all necessary journal entries for the Fund statements. You also need to identify which funds are involved in the transaction, such as the Capital projects fund, Debt service fund Special revenue fund, or Permanent fund. Problem b: Using the same list of transactions, provide all necessary journal entries for the Governmental Activities section in the Government-wide statements. Write “no entry” if no entry is needed. Dunellen City, covered in this problem, issues a $10,000,000 bond at face value. The cash is to be used for the construction of a fire station. Previously undesignated cash of $100,000 from the General Fund is set aside to begin paying the bonds issued in item (1). A state cash grant of $300,000 is received that must be spent in the future for…
Consider the “Cash Flow Available for Debt Repayment” metric in the Cash Flow Projections and Debt Schedule of an LBO Model. The statements below list similarities and differences between this metric and the “Free Cash Flow” metric, as it is normally defined and used in 3-statement models.Which of these statements list(s) a similarity or difference that is INCORRECT?a. Both figures deduct the Net Interest Expense but exclude Optional Principal Repayments on New Debt used to fund the LBO.b. Free Cash Flow is a component of Cash Flow Available for Debt Repayment, along with an addition for the Beginning Cash, a deduction for the Minimum Cash, and other possible adjustments.c. Free Cash Flow is capital structure-neutral, but Cash Flow Available for Debt Repayment is not because it changes throughout the LBO holding period as the company repays its Debt balance.d. The Change in Debt each year should equal the Cash Flow Available for Debt Repayment each year, but it will never equal the…
Governmental funds report. Multiple select question. liabilities that will be settled with current financial resources assets to be converted to cash in the normal course of operations long-term assets that will not be sold during the current year long-term liabilities cash
7
__________ fund is defined as one in which the fund charges a sales commission to either buy into or exit from the fund. Group of answer choices A no-load A specialized sector A load An index

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