Use the Following Two Columns of Items to Answer the Matching

question 22

Short Answer

Use the following two columns of items to answer the matching questions below:
-loan application
A)disclosure of information including a balance sheet and cash flow statement
B)a contract that specifies the terms of the loan agreed to by the borrower and lender
C)loan that is not backed by collateral
D)life or duration of a loan

• A)disclosure of information including a balance sheet and cash flow statement
• B)a contract that specifies the terms of the loan agreed to by the borrower and lender
• C)loan that is not backed by collateral
• D)life or duration of a loan

---

Definitions:

Discount

A reduction from the usual cost of something, often applied to encourage sales or provided for early payment.

Net Operating Income

A company's total earnings from its operations, excluding taxes and other non-operational expenses, indicating the profitability of core business activities.

Traceable Fixed Expenses

Fixed costs that can be directly associated with a specific product, department, or segment of a business.

Common Fixed Expenses

Recurring expenses that do not vary with the level of production or sales, shared by multiple departments or products.