Revenue
Costs
Supply and Demand
Pricing
Tax
100
Sales order entry. Shipping. Billing. Cash collections.
What are the steps of revenue process?
100
buyer takes delivery of goods being shipped to it by a supplier once the goods leave the supplier's shipping dock.
What is FOB shipping point?
100
all of the costs that a factory incurs, other than the variable costs required to build products, such as direct materials and direct labor.
What is manufacturing overhead?
100
term that describes a market that has a broad range of competitors who are selling the same products. It is often referred to as perfect competition.
What is pure competition?
100
refers to the costs used to create a product.
What is product costing
200
A different perspective on the normal sales cycle in which calculations begin on the day the company meets the potential customers and follows the transactions throughout the sales period, continuing on with the future relationship between company and customer.
What are the steps if revenue process?
200
The seller pays and bears the freight charges and owns the goods while they are in transit.
What is FOB destination?
200
If the supply INCREASE the demand____
What is decrease?
200
a pricing strategy in which a marketer sets a relatively high price for a product or service at first, then lowers the price over time.
What is skimming pricing?
200
the employer's matching payments for Medicare and social security.
What is payroll costs?
300
Materials, including raw materials inventory Labor, namely, the human resources required for operations Overhead, including fixed assets, indirect materials, indirect labor, and various other expenses necessary to run the operating facility
What is conversion process?
300
product's price minus all associated variable costs, resulting in the incremental profit earned for each unit sold.
What is contribution margin?
300
If the Supply DECREASE the demand______
What is Increase?
300
expected selling price of the product minus the desired profit from selling it.
What is Target pricing?
300
a person employed for wages or salary, especially at nonexecutive level.
What is employee?
400
A purchase order may represent a purchase order, a contract, or any other type of purchase.
What is expenditure process?
400
expenses that do not change as a function of the activity of a business, within the relevant period
What is fixed cost
400
imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes
What is Monopolistic competition?
400
the practice of initially setting a low price for one's goods or services, with the intent of increasing market share.
What is penetration pricing?
400
Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities
What is product cost?
500
a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
What is a purchase order?
500
costs that vary depending on a company's production volume; they rise as production increases and fall as production decreases.
What is variable cost?
500
a state of limited competition, in which a market is shared by a small number of producers or sellers.
What is oligopoly?
500
Sum of all recurring and one-time costs over the full life span or a specified period of a good, service, structure, or system. In includes purchase price, installation cost, operating costs, maintenance and upgrade costs, and remaining value at the end of ownership or its useful life.
What is Life-cycle pricing?
500
Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities
What is product cost?
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