Accounting 610 Chapter 1

Which of the following will increase a company's breakeven point?
a. increasing variable cost per unit
b. increasing contribution margin per unit
c. reducing its total fixed costs
d. increasing the selling price per unit – a. increasing variable cost per unit
discrepancy – rakamlarda tutarsızlık
Employee Earnings Record – a business form used to record details affecting payments made to an enployee
Lease – Contract specifying the rental of property.
tax accounting – The branch of accounting dealing with the preparation and filing of tax forms with the various governmental agencies
The cost of utilities that the company used during the year – Expenses
Dividends – Equity
paid meaningless of earning retained by the company by future growth
DR+
accounting software accounting – muhasebe paket programı
Straightline depreciation – a method in which the depreciable cost basis (original cost basis less salvage value) of an asset is apportioned equally over its estimated useful life expressed in terms of month or years.
17.An offshore bank – is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages.
Consumers maximize total utility within their budget constraint by
Costs of poor quality production include the:
a. opportunity cost of the plant and workers
b. effect on current customers
c. effect on potential customers
d. All of these answers are correct. – d. All of these answers are correct.
basic accounting equation – assets = liabilities + owner's equity
Cоnsumers mаximize tоtаl utility within their budget cоnstrаint by
A "T account" . . . – represents a ledger account
Notes recievable (due in 6 months) – Current Liability
this represents a "bad" cheque – NSF cheque
External users and internal users – Users of accounting information outside of inside of the the organization
Loss – the disadvantage that results from losing something

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