The Process of Copying Journal Information to the Ledger Is

question 99

Multiple Choice

The process of copying journal information to the ledger is called

• A) double-entering
• B) posting
• C) an internal business transaction
• D) journalizing
• E) an external business transaction

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Definitions:

Hourly Labour Cost

The total expense for an employer of paying hourly wages to employees, including benefits and taxes.

Profit Margin

A financial metric that calculates the amount of net income generated as a percentage of revenues.

Objective Function

A mathematical function used in decision-making processes, often in optimization and linear programming, representing the goal to be achieved, such as minimizing costs or maximizing profits.

Contribution Margin

The amount of revenue remaining after subtracting the variable costs of producing a product, serving as an indicator of the product's profitability.