Answer:
A) The employer records pension expense equal to the annual contribution.
Explanation:
Defined contribution (DC) pension plans are retirement plans that allow both the employer and employees make contributions and invest the those funds to try to earn more money for the moment they retire. So the future benefits will change depending on the performance of the invested funds.
Answer: True .
Explanation:
In accrual accounting, revenue is entered when it is earned and expenses are entered when they are incurred.
Deferred revenue is money received by a company in advance of having earned it. In other words, deferred revenues are not yet revenues and therefore cannot yet be reported on the income statement.
As a result, the unearned amount must be deferred to the company's balance sheet where it will be reported as a liability.
When your company receives a customer deposit or prepayment on a sale, that payment occurs in advance of the actual sale and is therefore considered unearned revenue. Deferred revenue flows between the balance sheet and the income statement as revenue.
Answer: "systematic review" .
___________________________________________________
Answer:
c) External benchmarking
Explanation:
This is a commonly known and spread out form of competition analysis, where a company examines the good practices of other companies. Benchmarking is a great way to see the actual industry trends and determine the next action plan. Although it may be deemed as "copying" sometimes, benchmarking is the only method to properly assess competition.
Answer:
Theresa has $6,000 in equity.
Explanation:
To get this answer, you take the value of her car ($15,000) and subtract the amount that she owes from it ($15,000-$9,000). This gives you $6,000.
Hope this helps!