What is the IRR for a project with a current cost of $7,000 that is expected to produce cash inflows of $1,000 at the end of each of the next 10 years? Round answer to the nearest whole percent

Closing entries will

A) decrease the Retained Earnings balance. B) either increase or decrease the Retained Earnings balance. C) increase the Retained Earnings balance. D) not affect the Retained Earnings balance.

Derek is writing a short report about his findings on the attitudes of custodial employees on the job. The audience for the report is Physical Plant management for the company. Which of the following formats should Derek use?

a. letter format b. memo format c. form report d. formal report