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How do you calculate the expense ratio in a mutual fund?
To calculate the expense ratio of a mutual fund, you divide the total expenses of the fund by its average net assets. This ratio represents the percentage of a fund's assets that are used to cover operating expenses.
Small amounts of money for incidental expenses?
Some companies have a petty cash fund to be used for incidental expenses. The petty cash fund might pay for expenses such as postage stamps or gas for a company vehicle.
How is the expense ratio calculated for investment funds?
The expense ratio for investment funds is calculated by dividing the total expenses of the fund by its average net assets. This ratio represents the percentage of a fund's assets that are used to cover operating expenses.
What is imperest fund system?
The imprest fund system is a financial management method used primarily for handling small, routine expenses. Under this system, a fixed amount of money is allocated to a specific fund, which is replenished as expenses are incurred and documented. This approach simplifies bookkeeping and ensures that cash flow is managed effectively, as expenditures are pre-approved and tracked. It is commonly used in organizations for petty cash or operational expenses.
What is contingencu fund?
A contingency fund is an amount of money placed aside to be used when a certain event (the contingency) occurs. A common example is a contingency fund for risks in a project. If the risk occurs, the money is used to mitigate the risk. Without a contingency fund, any risks coming to pass would become uncovered expenses.
What is an emergency fund?
Emergency funds are commonly used in families who have a budget. The fund is a set amount of money that is put in savings, in case an emergency occurs and money is needed.
How do you calculate the expense ratio in a mutual fund?
To calculate the expense ratio of a mutual fund, you divide the total expenses of the fund by its average net assets. This ratio represents the percentage of a fund's assets that are used to cover operating expenses.
Small amounts of money for incidental expenses?
Some companies have a petty cash fund to be used for incidental expenses. The petty cash fund might pay for expenses such as postage stamps or gas for a company vehicle.
How is the expense ratio calculated for investment funds?
The expense ratio for investment funds is calculated by dividing the total expenses of the fund by its average net assets. This ratio represents the percentage of a fund's assets that are used to cover operating expenses.
What is imperest fund system?
The imprest fund system is a financial management method used primarily for handling small, routine expenses. Under this system, a fixed amount of money is allocated to a specific fund, which is replenished as expenses are incurred and documented. This approach simplifies bookkeeping and ensures that cash flow is managed effectively, as expenditures are pre-approved and tracked. It is commonly used in organizations for petty cash or operational expenses.
What must the fund for the Missouri state lottery be used for?
Deposited in the "State Lottery Fund" for public institutions of elementary, secondary and higher education, administrative expenses and then minimum of 45% used for prizes.
Full form of UNICEF?
United Nations International Children's Emergency Fund.UNICEF originally stood for "United Nations International Childrens Emergency Fund." In 1953, the formal name of the organization was shortened to "United Nations Children's Fund" but the acronym, UNICEF, continues to be used.
What is contingencu fund?
A contingency fund is an amount of money placed aside to be used when a certain event (the contingency) occurs. A common example is a contingency fund for risks in a project. If the risk occurs, the money is used to mitigate the risk. Without a contingency fund, any risks coming to pass would become uncovered expenses.
How many months' worth of expenses do you think your financial reserve should include?
Keep 3 to 6 months of income in an emergency savings account which is only to be used in the case of an emergency. This is usually sufficient to cover a sudden loss of employment and/or other temporary situation that may arise.
Can EMT be used outside of a medical emergency?
No, EMTs are trained to provide medical care in emergency situations only and should not be used outside of a medical emergency.
What color should be used for emergency vehicles?
red
Does social security that you pay in your paychecks provide current revenue to meet current federal expenses?
The amounts go into a trust fund and are used as needed for that purpose.
