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Match the Person or Term with the with the Correct

question 33

Multiple Choice

Match the person or term with the with the correct description.
-Charles H.Wesley

Understand and determine the acid-test (quick) ratio.
Analyze and calculate the current ratio.
Compute and understand the significance of accounts receivable turnover.
Calculate and interpret the inventory turnover.

Definitions:

Marginal Cost

The cost of producing one additional unit of a product.

Additional Unit

The next unit of production or consumption, considered in analysis of changes in benefit or cost from increasing quantity.

Fixed Cost

Business expenses that remain constant regardless of the level of production or sales activity, such as rent or salaries.

Lease Payments

Regular payments made by a lessee to a lessor for the use of a property, vehicle, or equipment.

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