When a company uses a perpetual inventory system, all merchandise transactions are updated as and when they occur. However, the inventory account may not show the current balance at all times

Cash-Balance Plan

(a) Involves a payment of a specified amount to each participant (b) Payments are linked to the CPI (c) Employer contribution is a certain percentage of employee's earnings from time employee enters the program (d) Involves use of a formula to determine amount of benefit an employee will receive

What is the formula for calculating profit?

A) revenue minus loss B) revenue plus costs C) expenses minus revenue D) revenue minus expenses E) expenses plus revenue