During the year, belyk paving co. had sales of $2,425,000. cost of goods sold, administrative and selling expenses, and depreciation expense were $1,335,000, $635,000, and $450,000, respectively. in addition, the company had an interest expense of $275,000 and a tax rate of 25 percent. (ignore any tax loss or carryforward provision and assume interest expense is fully deductible.)

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.