Match the Items Below by Entering the Appropriate Code Letter

question 47

Short Answer

Match the items below by entering the appropriate code letter in the space provided.
A. Accounts payable ledger
B. Cybercrime
C. Special journals
D. Subsidiary ledger
E. Control account
1. A general ledger account that summarizes detailed information in a subsidiary ledger.
2. A subsidiary ledger that contains accounts with individual creditors.
3. Involves the Internet or computer technology.
4. Detailed information about a group of accounts with a common characteristic.
5. Used to record high volume, similar type transactions.

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Definitions:

Total Revenue

Total revenue is the overall amount of money generated by a firm from its sales activities, calculated as the price of goods or services sold multiplied by the quantity sold.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.

Total Revenue

The overall income generated by a business from selling its goods or services before any costs are deducted.

Value of the Marginal Product

The additional revenue generated by employing one more unit of input, such as labor or capital.