The Customer List Contains Information About

question 23

Multiple Choice

The Customer List contains information about:

• A)The quantity of non-inventory parts on hand
• B)The credit rating of the vendors
• C)Vendors from whom the company buys products and services
• D)Customer addresses, contacts and phone numbers

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Definitions:

Per Unit

A term used to express data, costs, or values on a per single unit basis, facilitating easier comparison and calculation.

Account Classification

The process of organizing accounts into categories within the financial statements, based on their nature and function.

Cost-Estimation

The process of forecasting the costs associated with a particular activity, project, or product, using historical data, statistical methods, and expert judgment.

Step-Fixed Costs

Costs that remain constant for a certain level of activity, but can change to a different amount when a certain threshold is exceeded.