A defined benefit plan requires an annual pension cost of $90,000 based on estimates of future pension liabilities. On December 31, the company pays $70,000 to the pension fund. The journal entry will include a. a credit to Cash for $90,000. b. a credit to Unfunded Pension Liability for $20,000. c. a debit to Pension Expense for $70,000. d. None of these choices are correct.

If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.