A citizen donates investments amounting to $22,000 to the City of Townsend. The citizen stipulates that the investments be held. Any resulting income must be used to help maintain the city’s cemetery. In which fund should the city report this investment?
a. Special revenue funds
b. Capital projects funds
c. Permanent funds
d. General fund

Why do Closed-End funds trade at a discount?

A government expects to collect revenues of $400,000 but has approved expenditures of$430,000. The anticipated shortage will have an impact on which of the following?
a. Interperiod equity
b. Modified accrual accounting
c. Consumption accounting
d. Account groups

Describing How do local governments spend their funds?

Are Closed-End funds offering attractive income?

What is the essential feature of an electronic funds transfer (EFT) procedure?

The efficient markets hypothesis implies that all mutual funds should obtain the same expected risk-adjusted returns. Therefore, we can pick mutual funds at random. Is this statement true or false? Explain.

Describe how a firm can generate funds internally

What is the Closed-End funds for retirement income?

What is the difference between the federal funds rate and the discount rate?

Which of the following phenomena would be either consistent with or a violation of the efficient market hypothesis? Explain briefly. a. Nearly half of all professionally managed mutual funds are able to outperform the S&P 500 in a typical year. b. Money managers who outperform the market (on a risk-adjusted basis) in one year are likely to outperform in the following year. c. Stock prices tend to be predictably more volatile in January than in other months. d. Stock prices of companies that announce increased earnings in January tend to outperform the market in February. e. Stocks that perform well in one week perform poorly in the following week.

Which of the following would be considered the highest risk portfolio: a. a portfolio made up of 20% savings accounts, 50% mutual funds, and 30% bonds b. a portfolio made up of 40% mutual funds, 40% treasury bonds, and 10% stocks c. a portfolio made up of 60% stocks, 30% mutual funds, and 10% treasury bonds d. a portfolio made up of 70% mutual funds, 10% stocks, and 20% treasury bonds

Explain board-designated funds. How are they reported?

A company requires each of two subsidiaries to make deposits into debt retirement funds over the next 3 years. One subsidiary is to contribute $2000 quarterly, and the other is to contribute$6000 semiannually. Interest at 8% compounded quarterly and semiannually will be paid on the respective funds. Determine the combined amounts of the funds at the end of 3 years.