On the Line in Front of Each Statement,enter the Letter

question 117

Essay

On the line in front of each statement,enter the letter corresponding to the term that best fits that statement.An item may be used more than once or not at all.
$$\begin{array} { | l | l | l | l | } \hline \text { A. } & \text { Relevant costs } & \text { E. } & \text { Opporturity costs } \\\hline \text { B. } & \text { Sunk costs } & \text { F. } & \begin{array} { l } \text { Full cost of product ar } \\\text { service }\end{array} \\\hline \text { C. } & \text { Constraint } & \text { G. } & \text { Sales mix } \\\hline \text { D. } & \begin{array} { l } \text { Contribution } \\\text { marpin }\end{array} & \text { H. } & \text { Variable costing } \\\hline\end{array}$$ ____ Benefits foregone by not choosing an alternative course of action
____ Costs that were incurred in the past and cannot be changed
____ Costs of developing,producing and delivering a product or service
____ Expected future costs that differs among alternatives
____ A factor that restricts production or sales of a product

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Definitions:

Stated Rate

The interest rate declared on a financial instrument, such as a bond or a loan, which is fixed and does not change over the life of the instrument.

Term

In finance, it refers to the period of time until a loan matures; in a broader sense, it can describe any specific duration or the definition of a concept or agreement.

Receivable

Money owed to a company by its customers or clients for goods or services delivered or used but not yet paid for.

Direct Write-Off Method

An accounting method where uncollectable accounts receivable are directly written off against income at the time they are deemed irrecoverable.