A Manager Will Make a __________________ When Determining If a Specially

question 109

Short Answer

A manager will make a __________________ when determining if a specially priced order should be accepted or rejected.

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Definitions:

Journal Entries

Recorded transactions in the accounting journal that show the financial activities of a company.

Marketable

Describes assets or securities that can easily be sold or converted into cash without a significant loss in value.

Cash Dividend

A payout from the company's profits, determined by the board of directors, given to certain shareholders as cash.

Trading Securities Portfolio

A collection of marketable securities that a business holds for the purpose of reselling them in the short term to profit from market price changes.