All Mutual Funds Have an Expense Ratio; However,there Are No-Load

question 35

True/False

All mutual funds have an expense ratio; however,there are no-load funds as well as funds with loads.

---

Definitions:

Cash Collected

The total amount of money received by a company during a specific period, often through sales or services rendered.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.

Accounting Principles

The standardized guidelines and rules followed by accountants to record, report, and summarize financial transactions, ensuring consistency and transparency.

Income Statement

A financial report that calculates a company's performance over a specific period, summarizing revenue, expenses, and profits.