The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business?a. Liabilities are decreased, so total equity is increased. b. Revenues would be decreased, so equity would be decreased. c. Revenues would be decreased, so equity is increased. d. Revenues increase, so total equity is increased.

Morningstar tracks the total return for a large number of mutual funds. the following table shows the total return and the number of funds for four categories of mutual funds (morningstar funds 500, 2008). type of fund total return (%) number of funds domestic equity 4.65 9191 international equity 18.15 2621 specialty stock 11.36 1419 hybrid 6.75 2900 a. refer to exhibit 4. using the number of funds as weights, compute the weighted average total return for the mutual funds covered by morningstar. (keep two decimal places, for example, if result is 1.234, round it down to 1.23; if result is 1.235, round it up to 1.24.) the weighted average total return for the morningstar funds is %.