You Have Just Accepted Your First Job Out of College,which

question 171

Essay

You have just accepted your first job out of college,which requires you to evaluate loan requests at Eastwood National Bank.The first loan request you receive is from Richard Enterprises,a small proprietorship.Richard Tracy,the owner,is requesting $105,000 and brings you the following trial balance
(or statement of accounts)for his first year of operations ended December 31.What three accounts do you think should be relabeled for greater clarity?

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Definitions:

Corporate Objectives

The specific, measurable goals that a company aims to achieve to drive its growth and success.

Interpersonal Skills

The ability to communicate and interact effectively with others, crucial in both personal and professional settings.

Supervisory Skills

The abilities required to manage, guide, and lead teams, ensuring productivity and compliance with standards.

Basic Skills

Fundamental skills such as reading, writing, arithmetic, and communication, essential for individuals to function effectively in society and the workplace.