Match Each Term with Its Definition

question 6

Multiple Choice

Match each term with its definition.
-Result of a ruptured blood vessel in the brain or an occlusion of a blood vessel

• A)syncope
• B)spirits of ammonia capsules
• C)myocardial infarction
• D)atherosclerosis
• E)nasal cannula
• F)hypothermia
• G)hemorrhage
• H)seizure
• I)finger sweep
• J)cerebrovascular accident (CVA)

Estimate sales required to achieve a target profit.

Understand the concept of contribution margin ratio and its application in determining target profit sales.

Compute margin of safety in both dollars and percentage terms.

Calculate monthly break-even points in units and total dollar sales.

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Definitions:

Net Method

An accounting method for recording purchases where the purchase price includes a cash discount for early payment, emphasizing the net price as the expected payment amount.

Credit Terms

The conditions under which credit will be extended to a borrower, including the repayment schedule, interest rate, and any other terms and conditions.

Periodic Inventory System

A method of accounting for inventory where updates to the inventory records are made periodically, typically at the end of an accounting period, rather than after each transaction.

Net Method

An accounting method where purchases are recorded at their net amount after deducting any purchase discounts.