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.