The "What-If" Process of Altering Certain Key Variables to Assess

question 24

Short Answer

The "what-if" process of altering certain key variables to assess the effect on the original outcome is also called a __________________.

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Definitions:

Discount Period

The time frame within which a payment can be made at a reduced rate.

Asset Account

An account on a balance sheet representing resources owned by a company that have economic value.

Liability Account

A category in financial accounting that represents debts or obligations a company owes to others.

Subsidiary Ledger

A detailed ledger that contains the individual accounts necessary to support a major (control) account organized in the general ledger.