Accounting I Midterm 2015

Stockholders' equity – The ownership claim on total assets of a corporation.
Jason Corbin, Capital – equity section
money spent is called a…. – "cost" or an "expenditure"
Convertable Preferred Stock – Can be converted into common stock for specified price
Freight on board – FOB stands for
service revenue – revenue, IS, credit
Beyond technical proficiency, what should pharmacy technicians possess to help in dealing with customers?
Accountability – It is a cornerstone of democratic people centred governance. There are 5 essential characteristics of it: it involves relationships, responsibility, power, gender equity and is closely linked to human rights and rule of law.
contribution margin – the amount remaining from sales revenues after all variable expenses have been deducted (p43)
Which of the following questions CANNOT be answered with CVP analysis?
a. If the company raises the selling price of its products and its costs remain the same, how many products must it sell to break even?
b. If the company's costs and selling prices don't change, how may products must the company sell to earn a desired profit?
c. At what selling price will customer demand for the company's products decrease?
d. Assuming that the company is currently earning a profit, if the company's costs and selling prices don't change, how much can the volume of sales decrease before the company stops earning a profit? – c. At what selling price will customer demand for the company's products decrease?
Beyоnd technicаl prоficiency, whаt shоuld phаrmacy technicians possess to help in dealing with customers?
newest units – ending inventory
profile – профиль краткий очерк

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