The $ Symbol Placed Before a Row and Column Address

question 59

Short Answer

The $ symbol placed before a row and column address indicates a(n) ____________________ cell reference.

Realize the importance of choosing products with higher contribution margins for profitability in the short run.

Understand the differences between absorption costing and variable costing.

Identify which costs are included and excluded under both costing methods.

Determine the conditions under which income under absorption costing equals, exceeds, or is less than income under variable costing.

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Definitions:

Legal Reserve Requirement

A regulation set by central banks determining the minimum amount of reserves that must be held by a financial institution, usually a percentage of deposits.

Federal Funds Rate

The interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit account liabilities, as mandated by the central bank, to ensure bank liquidity.

Demand Deposits

Bank accounts that allow the holder to withdraw funds without advance notice, such as checking accounts.