If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of income summary prior to closing? a. it will have a credit balance of $50,000. b. it will have a debit balance of $50,000. c. it will have a debit balance of $100,000. d. it will have a credit balance of $100,000.

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):