In the accounting cycle, closing entries are prepared before adjusting entries
Indicate whether the statement is true or false
F
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Steve and Ed are cousins who were both born on the same day, and both turned 25 today. Their grandfather began putting $2,100 per year into a trust fund for Steve on his 20th birthday, and he just made a 6th payment into the fund. The grandfather (or his estate's trustee) will make 40 more $2,100 payments until a 46th and final payment is made on Steve's 65th birthday. The grandfather set things up this way because he wants Steve to work, not be a "trust fund baby," but he also wants to ensure that Steve is provided for in his old age. ? Until now, the grandfather has been disappointed with Ed, hence has not given him anything. However, they recently reconciled, and the grandfather decided to make an equivalent provision for Ed. He will make the first payment to a trust for Ed today,
and he has instructed his trustee to make 40 additional equal annual payments until Ed turns 65, when the 41st and final payment will be made. If both trusts earn an annual return of 8%, how much must the grandfather put into Ed's trust today and each subsequent year to enable him to have the same retirement nest egg as Steve after the last payment is made on their 65th birthday? Assume that all payments are made at the end of the year. A. $2,660 B. $3,255 C. $3,067 D. $3,129 E. $3,036
What is a backup?
A. An exact copy of a system's information. B. The ability to get a system up and running in the event of a system crash or failure and includes restoring the information backup. C. A computer system designed that in the event a component fails, a backup component or procedure can immediately take its place with no loss of service. D. A backup operational mode in which the functions of a computer component (such as a processor, server, network or database) is assumed by secondary system components when the primary component becomes unavailable through either failure or scheduled down time.
The Serta mattress company might create an article entitled '5 Methods to Ensure a Restful Night’s Sleep'. This would be an example of which of the following hooks?
a. Resource. b. Contrary. c. Humor. d. Giveaway. e. Research.
Answer the following statements true (T) or false (F)
1) Logistics is concerned with only the transportation of goods across the supply chain. 2) Logistics cost as a percentage of GDP is higher for the United States as compared to China. 3) More economically advanced countries spend less as a percentage of GDP on logistics than less economically advanced countries. 4) A higher logistics cost as a percentage of GDP for a country makes that country more competitive globally. 5) Logistics deals with planning, implementing and controlling the flow and storage of goods, services and related information.