The journal entry to record the declaration of a dividend includes . a debit to Dividends a credit to Cash a credit to Retained earnings a credit to Dividends payable a credit to Dividends declared

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

Retail industry fundamentals credential exam, part 1 all answers