Suppose an individual invests $40,000 in a load mutual fund…

Suppose an individual invests $40,000 in a load mutual fund for two years. There is a 2% front-end load. In addition, annual fund operating expenses are 0.60%. The annual fees are charged on the average asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 8% each year paid on the last day of the year. If the investor reinvests the annual returns paid on the investment, calculate the average annual return on the mutual funds over the two-year investment period.

Use the FASB ASC (https://asc.fasb.org) to answer the follow…

Use the FASB ASC (https://asc.fasb.org) to answer the following questions (please number your responses): 1. Does the Business Combinations Overall Subtopic apply to the formation of a joint venture? (Answer yes or no. Ignore pending content.) 2. Provide the complete ASC reference – down to the subparagraph letter (if applicable) – for the paragraph that supports your above response. (e.g., XXX-xx-xx-xx(z), where z would be the subparagraph letter)