A pension plan:
A. Can be a defined benefit plan or an undefined benefit plan.
B. Is the same as Other Postretirement Benefits.
C. Is a contractual agreement between an employer and its employees in which the employer provides benefits to employees after they retire.
D. Can be underfunded if the plan assets are more than the accumulated benefit obligation.
E. Is always funded fully by employers.
Answer: C
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Rico's Taqueria had cash inflows from operating activities of $35,000; cash outflows from investing activities of $30,000, and cash outflows from financing activities of $20,000. Calculate the net increase or decrease in cash.
A. $50,000 decrease. B. $45,000 increase. C. $15,000 decrease. D. $85,000 increase. E. $15,000 increase.
Which of the following is the formula used to compute a product's unit cost?
a. (Direct Materials + Direct Labor) / Number of Units Produced b. (Direct Materials + Direct Labor + Overhead) / Number of Units Produced c. (Direct Labor + Overhead) / Number of Units Produced d. (Indirect Materials + Indirect Labor + Overhead) / Number of Units Produced
Graphical analysis of the balance sheet can be useful in assessing sources of financing.
Answer the following statement true (T) or false (F)
If service level is 50%, then safety stock is equal to 50% of lead time demand
Indicate whether this statement is true or false.