Match Each of the Following Terms with Their Correct Description

question 71

Multiple Choice

Match each of the following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Can be used as a rough measure of risk and liquidity

• A)Payback period
• B)Accounting rate of return
• C)Net present value
• D)Internal rate of return
• E)Discount rate
• F)Annuity
• G)Postaudit
• H)Compounding of interest
• I)CCA Tax Shield
• J)Future Value
• K)Discounted cash flows

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Definitions:

Last Month Data

Information or statistics pertaining to the previous month, often used in analysis and decision-making processes.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost.

Actual Results

The real outcomes or results achieved and recorded after a particular period or activity, often compared against planned or forecasted results.

Standard Cost System

An accounting method that applies estimated costs to product units to predict production expenses and aid in budgeting.