A cost that varies with the number of product lines.
What are Product-sustaining costs?
100
A situation in which the money invested in a corporation is at risk but investors’ personal possessions if the business fails.
What is Limited Liability Company?
100
Documents that give evidence of a purchase.
What are Purchasing reports.
100
Investment in Pepsi stock
What is a Long-Term Asset?
100
The package is yours once it leaves the shipment Facility.
What is FOB Shipping Point?
200
A cost incurred to maintain the company’s capacity to operate.
What are Facility sustaining Costs?
200
Business that exists to provide services such as loaning money, finding investors & other services for which it charges fees.
What are Service firms?
200
Stipulates the quantity and description of the goods and services requested and other terms.
What is a Purchase order?
200
An obligation that lasts longer than a year
What is a long term liability?
200
How do you calculate Net Assets?
What is Total Assets - Total Liabilities
300
The cost of employees who manufacture the product
What is direct labor?
300
A firm that obtains &b distributes goods to the customers.
What are Merchandising firms?
300
Setting higher initial selling prices, it appeals to customers who want to be the first to own the product and are willing to pay more, the prices get lower as time wears on.
What is Skimming pricing?
300
Financing Activities are part of the...
What is a long term asset?
300
The exclusive control over a product or service in an area.
What is a monopoly?
400
A cost that varies with the number of units.
What is Unit-Related Costs
400
A firm that converts raw materials into finished goods.
What are Manufacturing firms.
400
Setting a lower initial selling price to bring in customers to try the product/service; legal.
What is Penetrating pricing?
400
Interest payable
What is short term?
400
Represents the claims on the business to transfer the residual interest(net assets of the business) to the owners
What is owner's equity?
500
A cost that varies with the number of batches regardless of how many units are in each batch .
What is Batch-Related Costs
500
What type of corporation can't be double taxed?
What is a S Corporation?
500
Setting a selling price that can be maintained over the life cycle of the product by first determining the selling price, then subtracting the required return to determine the target cost.
What is Target pricing?
500
Cost of Merchandise Sold
What is a short term asset?
500
An amount earned from rendering services or transferring resources to customers