For each independent situation given below,determine the effect on pretax profit for each.Enter "+" to indicate pretax profit is overstated,"-" to indicate pretax profit is understated,or "NA" to indicate that pretax profit is not affected.
Definitions:
Retirement Savings Plan
a financial arrangement designed to allow individuals to accumulate funds for their retirement.
Compounded Monthly
This refers to the process of calculating interest on both the principal amount and accrued interest every month.
Contributions
Contributions or aids given to a collective pool or fund.
Compounded Semi-Annually
Interest on an investment or loan calculated twice a year and added to the principal.
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