The major reason to make a financial plan is to
A) account for your spending.
B) see where you are overspending or underspending.
C) achieve your financial goals.
D) allow for a surplus.
E) serve as a tax planning guide.
Answer: C
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The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained earnings? Retained earnings$112,000Dividends 32,000Fees earned 187,000Depreciation Expense-Equipment 12,000Wages expense 71,400Interest expense 3,300Insurance expense 11,700Rent expense 24,200
A. $43,000. B. $64,400. C. $80,000. D. $32,400. E. $42,400.
What theory holds that the root cause for conflict is lack of contact between groups, or contact under unfavorable conditions, and also holds that contact under optimal conditions (e.g., equal status between groups; common goals; intergroup coalition; and support of authorities, law, and custom) could reduce prejudice and intergroup conflict.
a. equity theory *b. intergroup contact theory c. social identity theory d. relative deprivation theory
Progress reports always use subheadings under, for example, Work Completed and Work Scheduled
Indicate whether the statement is true or false
Data for Nobell, Inc follow
Nobell, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash $121,000 $100,000 Accounts Receivables, Net 117,000 125,000 Merchandise Inventory 70,000 85,000 Total Assets $308,000 $310,000 Liabilities Total Current Liabilities $63,500 $50,000 Long-term Liabilities 100,000 100,000 Total Liabilities 163,500 150,000 Stockholders' Equity Retained Earnings 94,500 110,000 Common Stockholders' Equity 50,000 50,000 Total Liabilities and Stockholders' Equity $308,000 $310,000 Prepare a horizontal analysis of the comparative balance sheet of Nobell, Inc (Round to one decimal place.) What will be an ideal response