The Amount of Money in Your Defined Contribution Retirement Portfolio

question 117

Multiple Choice

The amount of money in your defined contribution retirement portfolio will depend on

• A)the age at which you begin contributing.
• B)the amount of money you deposit each month.
• C)the rate of return on your savings.
• D)all of these.
• E)none of these really make much difference.

---

Definitions:

Gross Sales Revenue

the total amount of sales generated by a business before any deductions are made.

Sales Returns

Sales Returns represent the goods returned by customers to the seller, which leads to a reversal of sales revenue.

Quick Ratio

Quick Ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets.

Current Assets

Assets that will be used or turned into cash within one year.