Pension: Pension is a cash payment given to the employees at the time of their retirement. The pension benefits are accrued based on years of service, annual compensation and age, and based on the employer’s pension plan. There are mainly to basic types of pension plans: Defined contribution pension plan Defined benefits pension plan To journalize: The entries to record the accrued pension liability on December 31.

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Chapter 11, Problem 11.18EX

A.

To determine

Pension: Pension is a cash payment given to the employees at the time of their retirement. The pension benefits are accrued based on years of service, annual compensation and age, and based on the employer’s pension plan. There are mainly to basic types of pension plans:

Defined contribution pension plan

Defined benefits pension plan

To journalize: The entries to record the accrued pension liability on December 31.

B.

To determine

To state: the different between defined contribution plan and defined benefit plan.

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What is a good response to this post? In this week’s discussion, we will consider product slogans and expansion into other countries. For my post, I will be focusing on make-up brand Merit Beauty. It is a vegan beauty brand that focuses on minimalist beauty and offers kits that have all five pieces for ease of application and enhances the natural beauty of the wearer (Fallon, 2024). My slogan: “Where less is more and looking good is easy” The countries I would like to expand marketing to are: Singapore: The country focuses on health and beauty with emphasis on wellbeing and the country has a comprehensive offering of insurance, both private and national insurance, along with initiatives to promote wellbeing (GCPIT, n.d.). Additionally, the makeup market had total revenues of $221.4 million in 2023 which was an annual growth rate of 3.7% between 2018 and 2023 (Marketline, 2024). France: France too has a commitment to offering clean products to their citizens and have been know as one…

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