Answer:
Pension plans
Explanation:
A pension plan is a retirement benefit enjoyed by state and corporate employees. In the pension plan, the employer, the employee, or both make contributions to the employee's pension account monthly. An independent entity, a retirement benefits specialist, holds the funds contributed as pension. The funds are invested, and the proceeds used to pay retired employees based on the type of pension plan.
Contributions to the pension plans are made when the employee is in employment. Benefits will be enjoyed when the employees retire. Pension plans are of two types, the defined-contribution pension plan, and the defined-benefit pension plan.
Answer:
the patent amortization expense for the year 2021 is $231,000
Explanation:
The computation of the patent amortization is shown below:
= (Acquired value of the patent - ending value) ÷ legal life
= ($4,800,000 - $180,000) ÷ 20 years
= $231,000
We simply applied the above formula so that the correct value could come
Hence, the patent amortization expense for the year 2021 is $231,000
Answer:
inelastic
Explanation:
when we are measuring hte price elasticity of demand (PED), we calculate it by dividing the ]% change in quantity by the % change in price.
- If the price of a product increases by 1%, and the quantity demanded changes in a smaller %, the PED is < 1, so it is inelastic.
- If the price of a product increases by 1%, and the quantity demanded changes in a larger %, the PED is > 1, so it is elastic.
- If the price of a product increases by 1%, and the quantity demanded changes in same 1%, the PED is = 1, so it is unit elastic.
Answer:
The correct word for the blank space is: negative.
Explanation:
An Externality is a cost or benefit incurred or obtained by a third party that does not influence the factors which generated the cost or benefit. In the same context, negative externalities are those that affect individuals who are not involved in the production process that causes the negative externality. <em>Pollution, noise, traffic, construction works</em> are considered some examples.
Answer:
Purchases= 1,280 million
Explanation:
Giving the following information:
the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million.
Purchases= cost of goods sold - Beginning inventory + ending inventory
Purchases= 880 - 1500 + 1900= 1,280 million
