Answer: The correct answer is b).meet the information needs of a company's managers and other users of its financial statements
Explanation: Chart of accounts refers to list of accounts of an organization. It shows at a spot how an organisation receives money and spends money.
Chart of accounts contains Assets, Liabilities, Income, Expenses and Equity.
Answer:
Ease of entry into the market
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.
I hope my answer helps you
Answer:
<em>Employee stock ownership plan</em>
Explanation:
An employee stock ownership plan (ESOP) is <em>a retirement plan wherein the employer contributes its shares (or funds to purchase its stock) to the fund for the advantage of the employees of the company.</em>
The company maintains an account for every employee who participates in the program.
Over time stock shares accumulate before an employee is eligible to them.
With an ESOP, while still working with the company, you never purchase or keep the stock directly.
If an employee is fired, decides to retire, is disabled, or dies, the company must transfer the stock shares in the account of the employee.
