Scenario: You are 30 years old and single. You have a moderate risk investment philosophy. You are interested in long-term investing, but you do not have sufficient funds to buy a variety of investments to be fully diversified and you do not feel you have the expertise to make good choices. Read the statements and indicate whether each statement is true or false.
Statement False True
Mutual funds don't distribute dividends; rather, they generate income
by creating capital gains
A fund's exchange privilege allows a fund investor to exchange shares
between different funds within the same family of funds.
If you name a beneficiary, your mutual fund investment can be
transferred to an heir without going through probate.
Given your moderate risk investment philosophy, you would be best served by investing in a mutual fund with:.
a. an income objective.
b. a growth objective.
c. both a growth and an income objective.
Rank the following three types of funds from lowest to highest levels of risk and return. Use a 1 to denote the lowest level of risk/return and 3 to indicate the highest levels.
Type of mutual fund Risk level
Growth and income funds
Long-term corporate bond funds
Aggressive growth funds

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next