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Give three formulas for electrical power.
Defined Contribution Plans
A type of retirement plan where the employer, employee, or both make contributions on a regular basis, and future benefits depend on the investment's performance.
Employee Vacation Pay
Compensation owed to employees for the time they have accrued but not taken as vacation.
Warranty Costs
Expenses a company incurs for repairing or replacing defective products under warranty.
Accrue
The process of recognizing revenue or expenses in the periods in which they are earned or incurred, regardless of when cash transactions occur.
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