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You are enrolled in an online course this semester, and you use a Web camera to communicate with your instructor and other students. As part of an assignment, you are asked to shoot a presentation using your Web camera. Your best friend, Joanie, is storing and editing desktop video. She decides to store videos in an AVI file format for desktop viewing. During the process, she is prompted to compress the video stream and asked to specify the compression ratio. Explain to Joanie the differences in a high compression ratio of 35:1 and a lower compression ratio of 5:1.
Avoidable Interest
Interest cost that a company can avoid if it does not undertake a project or an investment; typically considered in capital budgeting to assess potential savings.
Weighted Average
Weighted average is a calculation method where different values are given different levels of importance or weight, often used in inventory valuation or to average grades.
Economic Sacrifices Approach
A method in accounting that focuses on recognizing and measuring the sacrifices or costs that a company incurs in the process of generating revenue.
Input Market
The market in which firms purchase raw materials, labor, services, and other inputs necessary for the production of goods or services.
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