Financing retirement is a challenge for many Americans. Which of the following is not a reason that retirement planning has become more challenging?
A) Many employers no longer fund retirement programs for their employees.
B) Many employees have complicated but generous health insurance plans provided by their employer.
C) Social Security has increased the normal retirement age and lowered benefit targets.
D) Increases in longevity put a greater burden on retirement savings.
B
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Which one of the following account groups normally has a credit balance?
A) assets and liabilities B) equity and assets C) liabilities and revenues D) assets and expenses
Iowa Supply, Inc provides the following data taken from its third quarter budget
Jul Aug Sep Cash collections $81,000 $65,000 $56,000 Cash payments: Purchases of direct materials 52,000 28,000 30,000 Operating expenses 10,000 16,000 21,000 Capital expenditures 0 32,000 8,000 The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the cash balance the company is projected to have at the end of September. A) $16,000 B) $19,000 C) $75,000 D) $59,000