Positive Approaches to Cost Cutting Include

question 22

Multiple Choice

Positive approaches to cost cutting include

• A) videoconferencing to cut travel costs
• B) investing in new printers to cut inkjet cartridges costs.
• C) keeping sales expenses at or below 10 percent of sales.
• D) all of the choices

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Definitions:

Depreciating Equipment

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of equipment.

Monthly Depreciation Expense

The portion of the total depreciation of an asset that is allocated for a particular month.

Salvage Value

The forecasted final value of an asset once it has exhausted its functional duration.

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future date; a form of debt.