The reasons for PSO to switch from DB to DC Scheme are:
- It has gold standard for pensions.
- They are more secure.
- More generous than DC pensions and pay an income that increases along with inflation.
<h3>What are the reasons for a shift?</h3>
The movement from defined benefit (DB) to defined contribution (DC) pension plans is known to be one that has made workers to decide or make choices that may affect their financial resources in terms of retirement.
Therefore, DC Scheme is more of a benefit to the employees that the company as it tends to lower an employee's taxable income.
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No. Day trading refers to trading positions that are opened and closed the same day.
Roy is a sole trader if he is not setting up a company instead starts a business.
<h3>What is a Business?</h3>
A business is the process of selling goods or services and earning revenue and profits through it, the business generates revenue which is deducted by the expenses incurred by the business. The business ensures the strategy to have a balance between these expenses and revenue so that there is some residue profit.
The sole trader is the business where the owner of the business is highly involved in day to day running of the business taking all the strategic decisions and responsible for all the debts of the business.
On the other hand a limited liability company is a business in which the owner of the company can be involved in day to day running of the operations but is not liable personally for the debts.
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Answer:
The correct answer is letter "C": one of the satisfactions of being a leader.
Explanation:
The satisfaction of being a leader implies all those benefits employees with high rank and influence in the companies have. Those satisfactions are not merely monetary but also include having a wider knowledge of what the purposes of the firm are in the short and long term.
Answer:
0.37
Explanation:
The formula to compute the debt ratio is shown below:
= Total liabilities ÷ Total assets
where,
Total liabilities would be
= Current liabilities + Long term liabilities
= $75,000 + $35,000
= $110,000
And, the total assets would be
= $300,00
Now put these values to the above formula
So, the ratio would equal to
= $110,000 ÷ $300,000
= 0.37
