Two or More Computers That Are Connected Via Software and Hardware

question 103

Short Answer

Two or more computers that are connected via software and hardware so that they can communicate with each other is called a(n) ________.

Differentiate between various methods of capital investment analysis.

Understand the concept of time value of money and its application in investment decisions.

Identify and calculate the cash payback period for an investment.

Apply the net present value method to evaluate capital investment proposals.

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Definitions:

High-low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Variable Cost

Costs that vary in proportion to the level of production or business activity, such as materials and direct labor.

Fixed Costs

Expenses that do not change with the volume of production or sales, such as rent, salaries, and insurance premiums.

Relevant Range

The range of activity within which assumptions made about cost behavior are valid. Beyond this range, fixed and variable cost patterns may change.