Match the Goals in the First Column with the Items

question 26

Short Answer

Match the goals in the first column with the items in the second column:
1.short-term goal (a)To retire in 25 years
2.intermediate goal (b)To purchase a home in three years
3.long-term goal (c)To save enough money for books and tuition for next term

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Definitions:

Year-end Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at the final day of the financial year.

Gross Profit

The financial performance metric that subtracts the cost of goods sold from total sales revenue.

Net Sales

The amount of revenue generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.

Cost of Goods Sold

The specific expenses directly tied to the manufacturing of products sold by a business, such as costs for materials and labor.