1 retained earnings account on balance sheet list wages, Ask an Expert

Finance

1. Retained earnings account on balance sheet list wages that have been earned by employees that have not yet been paid to them ? true or false

2. How does a firm's credit policy affect its sales, bad debts and accounts receivable?

3. You plan on taking a vacation six months from today. The vacation will cost $13238 at that time. How much must you deposit in years 1 to 5 in a bank account that earns 4.6% APR, compounded monthly, to have exactly enough in six months to pay for the vacation? Round your answer to the nearest dollar.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92641468

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