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levacccp [35]
3 years ago
14

A pension plan that promises employees a fixed annual pension benefit, based on years of service and compensation, is called a(n

)The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is
Business
1 answer:
iogann1982 [59]3 years ago
6 0

Answer:

1. Defined Benefit Plan

2. debit Vacation Pay Expense; credit Vacation Pay Payable

Explanation:

1. With a Defined Benefit Plan, employers promise to pay employees a pension based on factors like years of service and salary. The plan will be sponsored by the employer and will be managed by the company.

2. As the Vacation is an expense, it will need to be debited to an expense account being the Vacation Pay Expense account. It will also be credited to the Vacation Pay Payable to reflect that this is a liability that the company must fulfil.

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Whether to pay a lawmaker for giving a speech at your company is an ethical
jekas [21]

Answer: B

Explanation:

3 0
3 years ago
Warren Co. recorded a right-of-use asset of $820,000 in a 10-year finance lease. The interest rate charged by the lessor was 10%
Sphinxa [80]

Answer:

$656,000

Explanation:

Calculation to determine what The balance in the right-of-use asset after two years will be

Using this formula

Right-of-use asset after 2 years balance=Value of Asset- (Value of Asset*Used year)/Estimated Life

Let plug in the formula

Right-of-use asset after 2 years balance= $820,000 - ($820,000 / 10) * 2

Right-of-use asset after 2 years balance=$820,000-$164,000

Right-of-use asset after 2 years balance= $656,000

Therefore The balance in the right-of-use asset after two years will be:$656,000

4 0
3 years ago
Gamma, Inc., has struggled for industry dominance with Ardent, Inc., its main competitor, for years. Gamma has gathered and anal
IgorLugansk [536]

Answer:

Option B, Causal ambiguity

Explanation:

Causal ambiguity defines the situation where there is lack of understanding of  cause-and-effect interactions between resources and competitive advantage. This is the case with the Ardent  having a competitive advantage over Gamma. It relates the ambiguity between resources and performance  of available resources.

Option B is correct

3 0
3 years ago
dividends in arrears occur when the company doesn't pay dividends to a. Cumulative preferred stockholders. B.noncumulative prefe
abruzzese [7]
The answer to this question is the letter "A" Cumulative Preferred Stockholders.

The cumulative preferred stockholders are paid on par value and not on the sales price. The dividends in arrears occur when the company does not pay dividends to cumulative preferred stockholders.
6 0
3 years ago
Read 2 more answers
The Lebanese steel factory “STEEL CO” was the leader in its market for many years. Today, the management noticed that sales are
Fiesta28 [93]

Answer:

1.) Traditional competitor

2.) Product differentiation & Customer intimacy

3.) C

Software / Telecommunications / Hardware

4.) Value chain

5.) ESS

Explanation:

1.) The company was aware of its competitors' marketing strategies and pricing to any changes made. Rivalry among competitors tends to be cutthroat and industry profitability low while having the potential factors.

3.) An information system is essentially made up of five components hardware, software, database, network and people. These five components integrate to perform input, process, output, feedback and control. Hardware consists of input/output device, processor, operating system and media devices.

4.) Value chain is the process or activities by which a company adds value to an article, including production, marketing, and the provision of after-sales service.

5.) An Executive Support System (ESS) is software that allows users to transform enterprise data into quickly accessible and executive-level reports, An ESS enhances decision making for executives. ESS is also known asExecutive Information System (EIS).

4 0
4 years ago
Read 2 more answers
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