In Addition to Requiring That the Accounting Equation Remain in Balance,the

question 27

Multiple Choice

In addition to requiring that the accounting equation remain in balance,the double-entry system also requires that:

• A)the number of asset accounts must equal the number of liability and stockholder's equity accounts.
• B)for any transaction,only two accounts are affected.
• C)for any transaction,both sides of the accounting equation are affected.
• D)the total dollar amount of debits must equal the total dollar amount of credits.

Know the correct substances to use for cleaning specific computer components.

Identify the computer component responsible for converting electrical power for computer use.

Understand the upgrade capabilities of all-in-one computers.

Describe various types of connections to a desktop PC front panel.

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Definitions:

Variable Costs

Spendings that move in tandem with the level of output or number of sales.

Sales Dollars

The total revenue generated from the sale of goods or services before any expenses are deducted.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.

Contribution Margin

The difference between sales revenue and variable costs, which contributes towards covering fixed costs and earning profit.