Besides Size, How Else Does a Mutual Fund Style Box

question 99

Multiple Choice

Besides size, how else does a mutual fund style box classify equity funds?

• A)cost and fees as a percent of NAV
• B)taxability at federal, state, and local levels
• C)value versus growth characteristics
• D)age of the fund
• E)short and long-term rates of return

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Definitions:

Sales Return

goods returned by the customers to the seller after the sale, reducing the gross sales figure.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Sales

The revenue a company earns from sales after subtracting returns, allowances for damaged or missing products, and discounts.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected to be uncollectible.