Rogers Company Reported Net Income of $35,000 for the Year

question 95

Multiple Choice

Rogers Company reported net income of $35,000 for the year. During the year, accounts receivable increased by $7,000, accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded. Net cash provided by operating activities for the year is

• A) $53,000.
• B) $47,000.
• C) $33,000
• D) $37,000.

Know the role of Social Security in replacing pre-retirement earnings and adjust retirement planning accordingly.

Appreciate the significance of developing a savings habit early and the challenges of unforeseen expenses in retirement.

Understand the variety of tax and financial implications of relocating during retirement.

Identify potential increases in expenses that can occur during retirement.