A Fund Has an Alpha of 0

question 50

Multiple Choice

A fund has an alpha of 0.73 percent and a tracking error of 5.4 percent. What is the fund's information ratio?

• A) 0.112
• B) 0.135
• C) 0.166
• D) 0.208
• E) 0.229

Distinguish between the recording of cash sales and credit sales, including the impact of sales returns and allowances.

Understand the principles of recording transactions in the general journal.

Calculate sales tax on transactions and understand its implications on sales and returns.

Prepare journal entries for cash and credit sales, including sales returns and allowances.

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Definitions:

Rite of Passage

A ceremonial event or practice marking an important stage in an individual's life, especially significant transitions such as puberty, marriage, or death.

Social Death

The condition of people not accepted as fully human by wider society, a concept applied to extreme social exclusion.

Rebirth

The process of being reborn or undergoing a complete renewal or revival.

Marriage Rituals

The ceremonies and practices that mark the formal union of two individuals as partners in a personal relationship, varying widely among cultures.