Pension plans are a type of retirement plan in which the employee and employer make contributions. These contributions are invested and to be received upon retirement. In most all cases pension plans are tax exempt. The two types of pension plans are defined benefit plans and defined contribution plans. A defined benefit plan guarantees an amount upon retirement no matter how the investment performed. A defined contribution plan is not a guaranteed amount and heavily depends on the investment performance.
Answer:
2:1
Explanation:
A firm has a current assets of $300,000
A current liabilities of $100,000
An inventory of $100,000
The quick ratio of the firm can be calculated as follows
Quick ratio= Current assets-inventory/Current liabilities
= $300,000-$100,000/$100,000
= $200,000/$100,000
= 2:1
Hence the quick ratio of the firm is 2:1
Answer:
6ax+9ay−2bx−3by
Explanation:
2x(3a−b)−3y(b−3a)
Distribute:
=(2x)(3a)+(2x)(−b)+9ay+−3by
=6ax+−2bx+9ay+−3by
Answer:
The difference is attributed to sales.
Explanation:
The difference of $10 will be attributed to sales because $20 is charged instead of $30 which means selling price has been changed. However, it cannot be considered as a loss because the cost price is not given. It might be the actual cost price for the item is $15 and the store is selling at $20 instead of $30. So, in this case, the store is making a profit of $5. Thus, the difference is considered as the sale difference.
