Which of the Following Is One of the Characteristics of Household

question 86

Multiple Choice

Which of the following is one of the characteristics of household mutual fund owners as of 2015?

• A)The typical fund-owning household has $103,000 invested.
• B)49 percent of the families are headed by someone without a college degree.
• C)The median age of mutual fund holders is 51.
• D)80 percent have funds invested through an employer-sponsored retirement fund.
• E)All of the options.

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Definitions:

Accounts Receivable Journal

A ledger used to record sales transactions where payment is to be received in the future, detailing each customer’s purchase on credit.

Purchases Journal

A specialized accounting journal used to record the purchasing of goods and services on credit.

Promissory Note

A financial instrument in which the writer promises in writing to pay a determinate sum of money to the payee under specific terms.

Revenue Journal

A specialized accounting journal used to record all incoming revenues and sales transactions of a company.