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Management representation letters Describe the purpose of the management representation letter.
Optimal R&D
The most efficient level of investment in research and development activities where marginal cost equals marginal benefit.
Expected Rate Of Return
The increase in profit a firm anticipates it will obtain by purchasing capital or engaging in research and development (R&D); expressed as a percentage of the total cost of the investment (or R&D) activity.
Interest-Rate Cost-Of-Funds
The interest expense on borrowings, reflecting the rate at which a company or individual can borrow or lend funds.
Marginal Benefit
The extra advantage gained by using an additional unit of a product or service.
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