For Each of the Following Definitions, Indicate the Key Term

question 10

Essay

For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate definition.
A. Term endowments
B. Annuity agreements
C. Collections
D. Pooled life income agreements
E. Spending rate
F. Total return
________1. Agreements to pay the donor the income earned by assets donated to an organization over the specified beneficiary's lifetime
________ 2. A comprehensive measure of the rate of investment return, which includes unrealized and realized gains and losses, as well as interest and dividend income
________ 3. A contribution that must be retained intact until the happening of a specific event or the passage of a stated period of time
________ 4. The proportion of total return that may prudently be used by an institution for current purposes
________ 5. Agreement to pay stipulated amounts periodically to the donor of assets by the recipient organization

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, expressed in terms of the amount of finished goods.

Transferred In Costs

Expenses associated with products or components that are moved from one process, department, or location to another within a manufacturing operation.

FIFO Costing

An inventory valuation method that assumes the first items purchased or produced are the first ones sold, affecting the cost of goods sold and ending inventory.

Opening WIP Inventory

The value of unfinished goods that a company has at the beginning of an accounting period.