A ________ Cost Is a Cost of Operating a Facility,department,activity,or

question 41

Multiple Choice

A ________ cost is a cost of operating a facility,department,activity,or similar cost object that two or more users share.

• A)zero
• B)joint
• C)single
• D)common
• E)separable

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Definitions:

Premium

An additional amount paid over the normal cost, often associated with insurance or bonds.

Discount

In finance, this is the reduction from the face value of a note, bond, or other financial instrument; in commerce, it refers to a reduction from the regular price.

Journal Entry

A documentation of a financial transaction in which the total debits equal the total credits and is entered into the accounting records.

Times Interest Earned Ratio

A financial ratio that compares a company's operating income to its interest expenses, indicating how well it can cover interest payments with earnings before interest and taxes.