Complete the table below by placing an "X" under each heading that classifies the costs as avoidable or unavoidable in a decision to accept a special order.
Definitions:
Interest Payable
The amount of interest that a borrower owes to a lender at a specific point in time but has not yet paid.
Contract Rate
The interest rate specified in a contract, such as a loan agreement or bond indenture.
Market Rate
The prevailing price or rate at which goods, services, or securities are traded in an open market.
Discount
A reduction from the usual cost of something, often applied to prompt payments or for certain groups of people like students or seniors.
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