Match the Following

question 70

Short Answer

Match the following:
A) Research and Development
B) Customer Service
C) Marketing
D) Design
E) Production
F) Distribution
1) Cost of a commercial during a TV program
2) Cost of shipping goods to customers
3) Costs associated with repairing costs under warrantee
4) Costs of developing a new produce
5) Cost of making a prototype of a new product
6) Cost of labour for machine operator in factory

• A) Research and Development
• B) Customer Service
• C) Marketing
• D) Design
• E) Production
• F) Distribution
• 1) Cost of a commercial during a TV program
• 2) Cost of shipping goods to customers
• 3) Costs associated with repairing costs under warrantee
• 4) Costs of developing a new produce
• 5) Cost of making a prototype of a new product
• 6) Cost of labour for machine operator in factory

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Definitions:

Net Realizable Value

The estimated selling price in the ordinary course of business, minus the estimated costs of completion and the costs necessary to make the sale.

Bad Debt Expense

A provision for accounts receivable that are considered unlikely to be collected.

Percentage of Credit Sales

An accounting method used to estimate bad debts expense by applying a fixed percentage to the total credit sales of a period.

Allowance Account

An accounting reserve established to adjust the carrying value of accounts receivable to their net realizable value, recognizing potential losses from uncollectible accounts.