Explain the difference between defined-benefit plan and defined-contribution plan.
What will be an ideal response?
Defined-benefit plan: guarantees a pre-set lifetime pension payment.
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Which pair of accounts has the same set of rules for debit and credit entries?
A) Service revenue and Rent expense B) Dividends and Retained earnings C) Equipment and Salaries expense D) Accounts receivable and Accounts payable
The most widely used report format for communication within an organization is the letter report
Indicate whether the statement is true or false
An executive conference center has the physical ability to handle 1,100 participants. However, conference management personnel believe that only 1,000 participants can be handled effectively for most events
The last event, although forecasted to have 1,000 participants, resulted in the attendance of only 950 participants. What are the utilization and efficiency of the conference facility?
If markets are in equilibrium, which of the following conditions will exist?
A. Each stock's expected return should equal its realized return as seen by the marginal investor. B. Each stock's expected return should equal its required return as seen by the marginal investor. C. All stocks should have the same expected return as seen by the marginal investor. D. The expected and required returns on stocks and bonds should be equal. E. All stocks should have the same realized return during the coming year.