Answer:
The correct answer is letter "C": at an early age.
Explanation:
It is recommended to <em>start planning retirement as early as possible</em>. The same day individuals receive their first paycheck they should decide what type of retirement account they can select according to the type of benefits provided by their employers. It is believed that starting planning about retirement around the mid-twenties could give individuals enough time to build good saving habits.
Answer:
3) determined credit evaluation criteria
Explanation:
National Bank has participated in several credit activities. Specifically, it has determined credit evaluation criteria
It is true that this change would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.
<u>Explanation:</u>
Equity multiplier is calculated by dividing the total assets of a company to shareholder’s equity of an organization. If a company has not raised any debt, then such company would be having equity multiplier equal to 1. t is a leverage ratio.
Return on equity is another financial measure to calculate the return. It is calculated by dividing the net income of a company to the shareholder’s equity. It directly shows the amount that a company is earning on its money invested by the equity shareholders.
Answer:
1. Journal - Closing Entries
Date Account Titles Debit Credit
Sales Revenue $970,000
Income summary $970,000
(Closing of revenue account)
2. Closing the expenses accounts as necessary
Journal - Closing Entries
Date Account Titles Debit Credit
Income summary $888,000
Cost of goods sold $670,000
Salary expenses $150,000
Rent expenses $47,000
Interest expenses $21,000
(Closing of expenses account)
3. Closing net Income
Journal - Closing Entries
Date Account Titles Debit Credit
Income summary $82,000
Retained earning $34,000
Dividends $48,000
(Closing of net income)
Answers : last in, first out
Explanation: